Friday, September 19, 2014

Nice Work, Rolling Jubilee!



You may have seen this article on NPR:

http://www.npr.org/blogs/ed/2014/09/17/348036877/these-people-can-make-student-loans-disappear

A group called Rolling Jubilee has purchased (and forgiven) the private student loan debt of a for-profit college's victims. This is some rare bit of sunshine in the student loan world. For more on Rolling Jubilee, visit their official website.

This is good news for victims of Everest College. Corinthian Colleges is the parent company of Everest. The CFPB (Consumer Financial Protection Bureau) just filed suit against Corinthian for its predatory tactics.


Also see the official CFPB website at: http://www.consumerfinance.gov/


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