Then someone in their group dropped a link to the Debt Collective and Corinthian 15 work. When Schneider connected with Larson and the Debt Collective to share the stories of his classmates in debt, the massive spread of the problem began to be felt. for her. “At this point, because I had reached out to my senators and everything, I feel completely alone with this,” Schneider said.
She described her emotions after the discovery as a “mixed bag”. On the one hand, she was dismayed to realize how widespread the problem had become, but on the other hand, she found “comfort in knowing that I was not alone.” For years she had tried to explain to others outside of The IIA that her school was a scam, but at the time, the for-profit college model had not been exposed nationally. . Schneider was quick to point out, however, that when it comes to differentiating between public colleges, private for-profit organizations, and private not-for-profit organizations – which often rely on massive endowments in dollars and continually increasing tuition fees – she sees no distinction in the nature of the scam.
“Everyone has the same financial problems with graduates,” Schneider told me. “Some of them more than others, but there is the systemic failure of the current path, where we have made education a public good. [to] personal responsibility.
Schneider is taking part in the upcoming national debt strike, and in our conversation she pointed out that going on strike doesn’t just mean defaulting on her payment – she is currently on administrative forbearance, a temporary suspension of loan payments, as her claim against IIA has yet to be examined. She said it was about fighting back, appealing those loans and helping people open up more to this type of debt to build a sense of community. The same message is echoed by the management of Debt Collective.