By Doug Lederman. As a guarantor of student loans that specialized in collecting from students on the precipice of bankruptcy, the Educational Credit Management Corporation saw up close the “impact of students taking on debt, dropping out of school and being no better off than when they started college in terms of being able to find well-paying jobs,” says David Hawn, the nonprofit guaranty agency's chief executive officer. Read more...
Corinthian Debt Strike Grows Larger
The group of former Corinthian Colleges students refusing to repay their federal loans and pressing the Education Department to forgive their debt announced Friday that their membership had again grown. Read more...