Rolling Jubilee Student Debt Buy

Strike Debt’s Rolling Jubilee project has abolished almost $4 million in private student debt for a little over $100,000

These debts were held by students who attended Everest College, a predatory for-profit institution in the Corinthian Colleges network. You can read a sample letter received by debtors here. Details about the purchase are available here. We bought debt from this school in order to focus public attention on the grim consequences of allowing higher education to be used as a vehicle for private profit. The students at this college were conned. The schools are now being closed or sold off to other predatory companies, leaving students with no good options. The Department of Education is not doing its job to protect the students.

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Also check out a prototype debtor’s union called the Debt Collective: