Debt Collective

Sweet v. Cardona Settlement Approves $6 Billion in Automatic Debt Cancellation for 200,000 Students Defrauded by For-Profit Colleges, Ending Years of Trump-Era Delays

| Importance: 10/10

On June 24, 2022, the U.S. Department of Education under Secretary Miguel Cardona reached a landmark settlement in the class action lawsuit Sweet v. Cardona (originally filed as Sweet v. DeVos), agreeing to automatically cancel approximately $6 billion in federal student loans for roughly 200,000 …

U.S. District Court for Northern California U.S. Department of Education Miguel Cardona Betsy DeVos Project on Predatory Student Lending +1 more for-profit-education student-debt-cancellation borrower-defense class-action-settlement fraud-relief +1 more
Read more →

"Corinthian 15" Launch First Student Debt Strike in U.S. History

| Importance: 8/10

Fifteen former students of Corinthian Colleges launched the first student debt strike in U.S. history on February 23, 2015, refusing to repay federal loans for what they characterized as fraudulent education that left them deeper in poverty with worthless degrees. Organized by the Debt Collective, …

Debt Collective Corinthian 15 Arne Duncan student-debt corinthian-colleges debt-strike activism
Read more →