Biden OKs $5.8B in Debt Relief for Corinthian Students; Pressure Grows to Abolish All Student Debt

This clip is from the June 3, 2022 broadcast.

The Biden administration this week canceled almost $6 billion in student loan debt for borrowers who attended the now-defunct network of for-profit schools known as Corinthian Colleges, which defrauded thousands of students before being shut down in 2015. "Democracy Now!" speaks to two activists from the Debt Collective, a group working to end the student loan crisis, about the ongoing fight for full federal student debt cancellation. Pamela Hunt was a former Corinthian College student who accumulated hundreds of thousands of dollars in student debt and was one of the original 15 students who refused to pay their loans.

"It's a very monumental win," she says, adding that her crushing debt prevented her from becoming a homeowner and contributed to the stress of her cancer diagnosis. "If student debt is illegitimate, why not cancel all of it?" says Braxton Brewington, press secretary of the Debt Collective.