Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All

The move wipes out the balances of nearly 3,000 accounts from Fall 2022 and earlier.

Debt activists have bought out the student debt balances held by nearly all of the attendees of a historically Black college for a penny on the dollar — and canceled it entirely. On Monday, a debtors’ union called the Debt Collective announced that, in collaboration with its sister organization, the Rolling Jubilee Fund, it had bought nearly $10 million of debt in collections from Morehouse...

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This post was originally published on Latest – Truthout.


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Sharon Zhang | radiofree.asia (2024-05-09T23:59:17+00:00) » Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All. Retrieved from https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/.
MLA
" » Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All." Sharon Zhang | radiofree.asia - Monday October 23, 2023, https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/
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Sharon Zhang | radiofree.asia Monday October 23, 2023 » Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All., viewed 2024-05-09T23:59:17+00:00,<https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/>
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Sharon Zhang | radiofree.asia - » Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All. [Internet]. [Accessed 2024-05-09T23:59:17+00:00]. Available from: https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/
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" » Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All." Sharon Zhang | radiofree.asia - Accessed 2024-05-09T23:59:17+00:00. https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/
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" » Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All." Sharon Zhang | radiofree.asia [Online]. Available: https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/. [Accessed: 2024-05-09T23:59:17+00:00]
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» Debt Activists Bought $10M in Student Debt for $125,000 — and Canceled It All | Sharon Zhang | radiofree.asia | https://radiofree.asia/2023/10/23/debt-activists-bought-10m-in-student-debt-for-125000-and-canceled-it-all/ | 2024-05-09T23:59:17+00:00
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