• Activists just wiped out nearly $16 million in private student loans for students who attended a now-defunct for-profit college

    3 days ago - By Business Insider

    Students throwing graduation caps. Getty Images
    The Debt Collective erased $16 million in private student loans for former Vista College students.
    For-profit Vista shut down last year and was put on notice by the FTC for potential fraud.
    Activists believe the students might qualify for federal debt relief if they can prove wrongdoing.
    Students who attended a now defunct for-profit college just got a million-dollar gift. On Friday, the Debt Collective - a debtor's union pushing for abolishment of all forms of debt - announced its sister organization, the Rolling Jubilee Fund bought, and...
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