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Sign the Petition to

Department of Education

I urge you to immediately forgive the student loan debt of students attending predatory, failing for-profit colleges like schools owned by Corinthian Colleges, such as Everest, WyoTech, and Heald College. Students at these schools are saddled with debt they cannot repay and receive little return on their financial investment even as the companies that own them declare bankruptcy. A full loan discharge will give these students the option to pursue an education that actually makes a difference in their lives and protects students who would otherwise struggle for years to repay debt for a program that failed to adequately prepare them for a career.

The Department of Education should not let borrowers and taxpayers bear the burden when education programs fail. Many Corinthian students were tricked into wasting time and money, yet they will be forced to repay their student loans if the Department does not act now.

To protect students, we urge the Department to immediately forgive the student loan debt for students at Corinthian Colleges.

Signed,

Young Invincibles

This petition closed about 4 years ago

How this will help

For-profit college systems across the country continue to unravel in light of ongoing state and federal investigations, federal fines, and even bankruptcy. Shockingly, for-profit students...

For-profit college systems across the country continue to unravel in light of ongoing state and federal investigations, federal fines, and even bankruptcy. Shockingly, for-profit students account for only 12 percent of students enrolled in higher education but represent 48 percent of all federal student loan defaults. That's because many of these schools do not adequately prepare students for a career. As a result, several schools have been ordered to pay millions of dollars in fines for using misleading job placement rates and luring students into taking out predatory private loans.  

Young Invincibles is urging the U.S. Department of Education to protect victims of shoddy for-profit college programs by immediately forgiving their federal student loans. Fully forgiving these loans will allow students the option to pursue an education that actually makes a difference in their lives and protects students who would otherwise struggle to repay debt for a program that failed to adequately prepare them for a career.

Students need immediate financial relief if they attended schools with poorly performing programs, like those owned by Corinthian Colleges. These schools failed to adequately educate students and saddled them with debt that they cannot repay. Providing full relief to these students is not only fair but also incentivizes failing for-profit schools—and the companies that own them—to improve their programs and ensures that there is accountability for students and taxpayers.

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