Thread regarding Career Education Corp. layoffs

What happens if CECO Students "Can't Pay, Won't Pay" Student Loan Debts?

The Corinthian 15 have gotten lots of media attention recently for refusing to pay off their student loans. These students have also linked up with a larger social movement, Strike Debt. Could this happen to Career Education students?.............

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Most students owe debt to lenders, not so much to schools (although some schools carry small balances for students). Failure to pay means trouble with the lender. Student loans tend to be exempt from bankruptcy. So eventually the IRS steps in and enforces the debt. Changing the law is the only recourse, other than paying the debt.

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