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Debt Collective

The Debt Collective is an American activist initiative run by the Sustainable Markets Foundation.

History

In December 2019, the Debt Collective received a $75,000 grant from the Good Ventures Foundation on recommendation from Open Philanthropy.1)

In June 2022, the Debt Collective informed former students of Vista College that it had purchased and eliminated their outstanding debt through their Rolling Jubilee Fund. In a letter to students, the group told students they believed Vista College may have committed widespread fraud targeting “low-income people and also people of color—so they could put them into lifetimes of crushing debt for their own profit.”2)

2)
Sheffey, A. (2022, June 24). Activists just wiped out nearly $16 million in private student loans for students who attended a now-defunct for-profit college. Business Insider. http://archive.today/2023.04.13-231658/https://www.businessinsider.com/private-student-loans-wiped-out-vista-college-debt-2022-6
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