september 20, 2014

A few weeks ago, John Oliver did a piece on student debt during Last Week Tonight. And as his show always is, it was very cutting. He pointed the finger especially at for-profit institutions who use some pretty abysmal tactics and prey on those who are the most vulnerable.

But there is good news! This week, NPR ran a story about a group that call themselves the Rolling Jubilee. This group, which sprung up from the Occupy movement, has made it their mission to try to help students who are being crippled by student loan debt. They buy private loans from the orginal institution and then don't require the students to pay them back. So far, they have eliminated over $15 million in student debt, primarily for students who had attended for-profit universities.

Read the whole story. It's worth it!