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

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.