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.
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Why isn’t anyone talking about this?
Watch non black cosplayers and lovers of cosplay stay silent on this.
okay, I lied. I don’t have my license to kill, but I do have my learner’s permit. as soon as my mom gets here, you’re toast.
There’s an abundance of bad things happening right now, and it’s hard not to be sucked into that black hole of sadness, so let’s have a puppy party shall we.
Because, let’s face it, dogs never grow up.
ADDED BONUS, PUPS IN MOTION!!!
Thank you for this.
Portraits of Skookum, at rest in his micro-loft (including where he was curious and smelled my phone)
Let’s start up my Holiday Giveaway!!!
So like last month I will randomly draw a single winner who will receive a Arcane Sprite and Starseer Armband!
Here are ze rules~!!!
- Reblog with your Username and ID
- 1 winner with be chosen with random.org
- You don’t have to be following me
- This will end sometime around noon FR time on Monday the 22nd.
*throws pink confetti everywhere* ARCANE!
I had kind of a nerd-out this morning. But I felt like everyone needed to know about this.
I would read the hell of that novel.
The title of my autobiography.
I’m in love with this gif. Everything about it. The rain drizzling. The candle flickering. The colors. I love it.
god this is so relaxing
Rather fond of the rain, if I’m to be honest…
i would love to read to this
It’s important to make friendships that are deeper than gossiping and drinking and smoking and going out.
Make friends who you can go get breakfast with, make friends you can cry with, make friends who support your life goals and believe in you.