I read a good Samaritan article over Christmas about a local org that was buying up medical debt and then forgiving it for the holidays.

Should there be a way for individuals / charities to buy up cheaply and forgive student loans?

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Should there be? Maybe. I’d thing fund raising would be problematic.

Medical debt is not usually a choice.

I think John Oliver could create a "Church" for loan forgiveness similar to what he's done before on Late Night. Donations would at least be tax deductible lol.

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That sounds like a great idea and should catch on like wildfire and spread around quickly.

I think you overestimate the enthusiasm people have for paying others student loans. I agree that student loans are a significant issue. I don’t believe paying them off is the solution, at least not until something is done to prevent the ongoing cycle of loans that are not payable continuing to occur. I’d consider private support with justification letter from the lendee as to why they need the help and their current budget. Meanwhile I’d happily pay no questions asked for medical debt relief.

Federal student loans recover 95% of what’s owed. Private services settle for 80% if you graduated and 60% if you didn’t.

There’s not a discount like there is with medical debt because student loans aren’t bankruptable, so there’s no incentive to sell at a large discount

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