Monday, November 10, 2014

Activist group doing good by using donations to pay off American’s student loans

The history of activism in modern America has been more ideological than productive, with many groups using protests to simply gain publicity to promote a cause.  However, a new form of financial activism is beginning to come out of the shadows and is actually doing something for the people, and in areas that are of vital importance to the future of a generation.

Rolling Jubilee is a non-profit organization that seeks to bring together people who are suffering from the throes of debt servitude, assist them by buying off their debts held by government and corporate America, and simply writing off that debt and clearing it from the system.  By creating a coalition of members and supporters through the Debtcollective.org website and organization, subsidiaries like Rolling Jubilee are taking their donations and buying debt in the open market or from collection agencies at pennies on the dollar and writing off that debt at no cost to the former borrower.



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