Erase all the outstanding obligations on student loans of current and former Corinthian students, and establish a fair debt cancellation process for all students as soon as practicable.
Why is this important?
Corinthian Colleges Inc. isn’t a school, it's a fraud factory that buried vulnerable students, low income people of colour, veterans, and single mothers in unbearable debt. So why did the Department of Education bail them out while sinking students? Currently there are 107 (and counting) former Corinthian students demanding a full debt discharge not only for themselves but for the half a million other students Corinthian defrauded.
As people of faith, our tradition of jubilee reminds us never to accept an economy that isn’t working for the betterment of everyone within their society. The Biblical call to debt forgiveness is more than just an economic safeguard, it is a sacred teaching - a reminder of how human economies drift toward inequity and injustice, and must be routinely checked in the service of all God's children.
The fraud perpetrated by Corinthian Colleges Inc. not only represents clear abuses perpetrated against these particular students (which the Department of Education has the clear authority to relieve), it illustrates a much broader problem facing all student borrowers. An entire generation is sinking under the unreasonable burden of predatory lending practices, and the time has come for a fair debt cancellation process for all students.
Inspired by the student debt strikers? Donate to their Strike Fund to support future travel and organizing:
https://debtcollective.org/studentstrike#donate
How it will be delivered
Delivery plans will be announced shortly.
