The Student Loan Debt Strikers

Smart Woman on Her Computer

The Corinthian 15’s Student Loan Debt Strike

Have you heard of the Corinthian 15? They’re a group of “debt strikers” who publicly pledged to refuse paying back loans from the now-closed Corinthian Colleges (Everest, Wyotech, and Heald).

Few people took them seriously when the campaign was first announced, but the Corinthian 15’s ranks have swollen – my current favorite nickname for them is the Corinthian 1,500!

This group is organized, dedicated, and motivated. Reformed and calling themselves The Corinthian Collective, they continue to recruit more members by the day.

Support for the Movement is Growing

But they’re not the only ones striking against student loan debt. About 1,000 other borrowers with student loans from SallieMae / Navient have joined the fight and are also refusing to back back their loans.

The Government (but especially the banks) appear to be scared of the potential here, which lead to President Obama’s Department of Education offering up to $3.6 BILLION dollars in student loan forgiveness benefits for Corinthian students.

That’s a HUGE number, but it only applies to students with debt resulting from Corinthian-affiliated education programs. What should you do if you went elsewhere, but you too need help?

What Should You Do?

Before you agree to join with the strikers and default on your student loan, you will want to take two things into consideration:

  • Defaulting leads to serious consequences
  • You may qualify for forgiveness benefits under some other program

Before you sign a debt strike pledge of your own, why not first look into the 75+ other student loan forgiveness programs currently on offer to see if you can wipe out your debt without having to face the legal repercussions of defaulting on your loans?

Visit my page on Student Loan Forgiveness to see if you qualify for any of the excellent forgiveness programs now on offer.

Whether you seek Relief for Federal Student Loans, or Private Student Loan Help, you’re almost sure to qualify for some sort of financial assistance.


Tim's experience struggling with crushing student loan debt led him to create the website Forget Student Loan Debt in 2011, where he offers advice, tips and tricks for paying off student loans as quickly and affordably as possible.

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