ITT Tech Students Start Debt Strike
Over 100 former students of the now-defunct for-profit ITT Technical Institute have announced a debt strike against their government-issued student loans.
Wall Street Funds Battle By Proxy In Congress Over Puerto Rico Bailout
Though there is much talk of principle, it looks as though the real battle lines in Puerto Rico are drawn by alliances between funds and elected officials.
Marco Rubio’s Attack On Trump Backfires With Corinthian Colleges Story
Rubio attacked Trump University despite his own for-profit education scandal–one that not only involved fraud but a possible abuse of official power.
Elizabeth Warren: Hillary Clinton Sold Out To Wall Street
Hillary Clinton is under fire from a 2004 video in which Elizabeth Warren told Bill Moyers that Wall Street controlled Clinton’s policies on bankruptcy law.
American Consumers $11.85 Trillion In Debt, Corporate Sector Re-Leveraging
According to an analysis by personal finance information company NerdWallet, American consumers owe a total of $11.85 trillion in debt.
‘Blood Or Jail’ Judge Faces Ethics Complaint From SPLC
Southern Poverty Law Center filed a judicial ethics complaint against an Alabama judge that told people owing court fines to donate blood or go to jail.
Bernie Sanders & Jill Stein’s College Plans Treat Education As A Human Right
Though Clinton promises to make college affordable, both Stein and Sanders rolled out bold plans to slash student debt and make education accessible to all.
More Reports Of Debtors Prisons Surface In Louisiana And New Hampshire
A federal lawsuit in New Orleans, Louisiana, and a report by the ACLU of New Hampshire, document the practice of jailing people unable to pay their court debts, violating the due process rights of the poor by failing to provide them with legal counsel and ability-to-pay hearings.
Student Loan Crisis Driven By For-Profit Colleges, Report Shows
Brookings Institution found that “most of the increase in default is because of an upsurge in the number of borrowers attending for-profit schools and, to a lesser-extent, community colleges and other non-selective institutions whose students had historically composed only a small share of student borrowing.”
Modern Debtors Prison: Alabama Jailing Residents Over Tickets
According to a federal class action lawsuit filed in Alabama this month, the city of Alexander is incarcerating people who are unable to pay court fees and fines in a modern-day debtors prison. The suit argues the practice not only constitutes false imprisonment, but also violates inmates’ Fourth, Sixth and Fourteenth Amendment rights under the Constitution.