After forgiving millions of dollars in medical debt, Occupy Wall Street is tackling a new beast: student loans.
Marking the third anniversary of the Occupy Wall Street movement, the group’s Strike Debt initiative announced Wednesday it has abolished $3.8 million worth of private student loan debt since January. It said it has been buying the debts for pennies on the dollar from debt collectors, and then simply forgiving that money rather than trying to collect it.
In total, the group spent a little more than $100,000 to purchase the $3.8 million in debt.
While the group is unable to purchase the majority of the country’s $1.2 trillion in outstanding student loan debt because it is backed by the federal government, private student debt is fair game.
This debt Occupy bought belonged to 2,700 people who had taken out private student loans to attend Everest College, which is run byCorinthian Colleges. Occupy zeroed in on Everest because Corinthian Colleges is one of the country’s largest for-profit education companies and has been in serious legal hot water lately.
Following a number of federal investigations, the college told investors this summer that it plans to sell or close its 107 campuses due to financial problems — potentially leaving its 74,000 students in a lurch.
(Read Full Text) (Photo Credit: US Uncut)
Now there is a good idea.
So how I get my debts cleared? Shit.
someone call howtobeterrell
The Whitest Kids U’ Know x
no chill omg this is wonderful
Welcome to Desi LGBTQA, geared, as you can guess, towards queer desis. Currently, the blog is in its infancy, but there will be a FAQ of sorts eventually.
Most importantly, submissions are very welcome as we want to see stories of queer desis and their experiences, so please do submit. There is also a Resources page which will hopefully grow over time.
i’ve basically made it my mission to hijack any remotely positive or lighthearted posts about obama/american politics in general it’s going well so far
OH MY GOD
i appreciate this but democrats work within the same construct they’re like diet capitalism
But the wage gap varies significantly by race, according to an analysis from the research organization AAUW. While white women experienced that 78 percent figure, Native Hawaiian and Pacific Islander women made 65 percent of what white men made in 2013, African-American women made 64 percent, American Indian and Alaska Native women made 59 percent, and Hispanic women made just 54 percent. Asian-American women are the only group doing better than white women, making 90 percent of white men’s earnings.
also i used the bath bomb my sister got me for my birthday and it was wonderful it was all fizzy and then there was lavender everywhere