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Policy

Everyday activists buy up $10 million in student debt then wipe it away for 3,000 people

They bought the debt for just $125,000, proving change can happen without a billionaire’s help.

3,000 students at HBCU Morehouse College had their student debt erased.

Credit and debt are part of a system that is frequently stacked against borrowers, and it can be harshest on those most vulnerable to its traps. In a powerful move that leverages the system against itself, a group of debt activists recently canceled nearly $10 million in student loan debt for $125,000. The effort benefited thousands of former students from Morehouse College, a historically Black institution in Atlanta.

The activists, part of the Debt Collective and its sister organization, the Rolling Jubilee Fund, purchased the debt from the college for about one penny on the dollar. Buying debt involves purchasing unpaid loans at a steep discount because the lender deems them unlikely to be repaid. They then erased the balances of 2,777 accounts, wiping the slate clean for students whose loans were in collections since Fall 2022 or earlier.


Morehouse College, whose alumni include figures like Martin Luther King Jr., fully supported the effort. The cancellation means that these borrowers can now access their transcripts and diplomas—something many of them were previously unable to do due to the financial burden.

This remarkable debt cancellation demonstrates a path forward for broader student loan relief, especially for graduates of historically Black colleges and universities (HBCUs), who are disproportionately affected by student debt.

"This nearly $10M of student debt cancellation will put thousands of Black folks in a better position to be able to save for retirement, purchase a home or start a small business."

— Braxton Brewington, Debt Collective spokesperson

A bold step in the fight for debt relief

The Debt Collective has advocated for student debt cancellation for over a decade. Their efforts began with buying up debt and freeing people from collections, including millions of dollars in student and carceral debts. Last year, the group bought and canceled $1.7 million in debt for students at Bennett College, another HBCU.

Their latest action at Morehouse comes at a critical point in the national conversation about student loans. President Biden's broader student debt cancellation plan was struck down by the Supreme Court earlier this year, leaving millions of borrowers in financial limbo.



This cancellation sends a clear message that large-scale relief is possible.

"President Biden has yet to make good on his campaign promise to eliminate all student debt held by HBCU graduates. We’re doing our part, and it’s time Biden does his."

— Braxton Brewington

The real impact of student debt

Student debt is a significant barrier to financial stability for millions of Americans. This burden is especially heavy for Black borrowers, who are more likely to take on loans and face more significant financial challenges after graduation.

Morehouse President David A. Thomas acknowledged that debt discourages many students from attending college and pursuing their dreams. "Debt has proven itself to be one of the strongest deterrents in a prospective student's decision to attend college and inhibitors in alumni’s socioeconomic success post-graduation," he said.



With Morehouse's support, the Debt Collective and Rolling Jubilee Fund are working to level the playing field for these students and their future careers. The college also aims to become a need-blind institution by 2030, further reducing financial barriers to education.

"Partners like the Debt Collective and Rolling Jubilee are making the investment to help level the financial playing field for our students and alumni."

— David A. Thomas, President of Morehouse College

A call for national action

The Debt Collective’s success raises an important question: If private organizations can buy and cancel debt, why can’t the federal government do the same? The group argues that its work proves there are real solutions to the student loan crisis. It’s calling on President Biden to follow through on his promise to cancel student debt for HBCU graduates and the broader American student population.



They’ve even launched a tool to help borrowers petition the Department of Education for relief under the Higher Education Act. Over 30,000 borrowers have already used this tool in just two months to request cancellation.

As the movement for debt relief grows, activists are urging people to speak out, get involved, and push for large-scale change. The more we demand action, the closer we come to a future where education doesn’t trap people in financial hardship but instead opens the door to opportunity.

via Tennessee Bureau of Investigation

Tina McKenney-Farmer and Jerry Johns.

A group of high school students in Elizabethton, Tennessee, did something local law enforcement couldn’t do in 40 years. They identified a suspect in the murder of Tina McKenney-Farmer, one of the 14 victims in the “Redhead Murders,” an unsolved series of murders in the south in the late ‘70s and early ‘80s.

All of the victims were white women with reddish hair who died similar deaths. They were strangled and disposed of on the side of major highways in Tennessee, Kentucky, Arkansas, Mississippi and West Virginia.

The students’ work was part of a sociology class taught by Alex Campbell in 2018. The class's goal was to uncover whether the killings were the work of one man. The students’ incredible detective work on the case was documented in a popular 10-part podcast, Murder 101 by iHeart True Crime.


Campbell assigned the project to his students because he enjoys "projects that get the students interested, projects where we can apply what we're learning in our classes,” he told People. “I had never heard about the murders even though I've lived here my entire life. They had these murders, but nobody had ever come to a consensus whether there was a person responsible for more than one of them, was there a serial killer active?"

‘Bible belt strangler’: How did high school students solve 40-year-old cold case murder? | Dan Abramwww.youtube.com

Over one semester, they determined that 6 of the women were likely to have been connected to the same murderer and labeled him the “Bible Belt Strangler.” They also helped identify one of the unidentified victims, Tina McKenney-Farmer.

The class also brought in a former FBI agent, Scott Barker, who taught the 20 students how to profile a case. He told the students that to connect all of the murders to one killer, they needed to identify four things: the timeframe, geography, signature and the M.O. or modus operandi.

The students came to the conclusion that McKenney-Farmer was murdered by Knoxville trucker Jerry Johns, who died in prison in 2015 after being convicted of kidnapping and attempted murder in 1987. Johns picked up a woman, strangled her and left her along Interstate 40.

“If we look at Tina Farmer’s case and how she was killed, do these other cases match the M.O., the signature, the time frame and the geography is all the same and we have five other murders that match it completely. So, we know who killed her. He should be the primary suspect in the killing of all these others,” Campbell told CBS 12 News.

DNA evidence later proved that the students were correct by linking Jerry Johns to the McKenney-Farmer crime scene. Investigators now believe that Johns may have been responsible for more of the Redhead Murders.

By the end of the year, the students had also identified 6 victims in the Redhead Murders.

Tennessee State Legislature commended the students for their work. However, the Tennessee Bureau of Investigation has never publicly credited them with the discovery.

“It’s things that law enforcement haven’t been able to do in 30-40 years. That just gives me so much confidence that when you’re passionate about something, and you’re willing to put in the work, you can get it done and you can really go above and beyond any expectations you have,” student detective Reiley Whitson told CBS 12.

Ileah Parker (left) and Alexis Vandecoevering (right)

True

At 16, Alexis Vandecoevering already knew she wanted to work in the fire department. Having started out as a Junior Firefighter and spending her time on calls as a volunteer with the rest of her family, she’s set herself up for a successful career as either a firefighter or EMT from a young age.

Ileah Parker also leaned into her career interests at an early age. By 16, she had completed an internship with Nationwide Children’s Hospital, learning about Information Technology, Physical Therapy, Engineering, and Human Resources in healthcare, which allowed her to explore potential future pathways. She’s also a member of Eryn PiNK, an empowerment and mentoring program for black girls and young women.

While these commitments might sound like a lot for a teenager, it all comes down to school/life balance. This wouldn’t be possible for Alexis or Ileah without attending Pearson’s Connections Academy, a tuition-free online public school available in 31 states across the U.S., that not only helps students get ready for college but dive straight into college coursework and get a head start on career training as well.

“Connections Academy allowed me extensive flexibility, encouraged growth in all aspects of my life, whether academic, interpersonal, or financial, and let me explore options for my future career, schooling, and extracurricular endeavors,” said Ileah.

A recent survey by Connections Academy of over 1,000 students in grades 8-12 and over 1,000 parents or guardians across the U.S., highlights the importance of school/life balance when it comes to leading a fulfilling and successful life. The results show that students’ perception of their school/life balance has a significant impact on their time to consider career paths, with 76% of those with excellent or good school/life balance indicating they know what career path they are most interested in pursuing versus only 62% of those who have a fair to very poor school/life balance.

Additionally, students who report having a good or excellent school/life balance are more likely than their peers to report having a grade point average in the A-range (57% vs 35% of students with fair to very poor balance).

At Connections Academy, teens get guidance navigating post-secondary pathways, putting them in the best possible position for college and their careers. Connections Academy’s College and Career Readiness offering for middle and high school students connects them with employers, internships and clubs in Healthcare, IT, and Business.


“At Connections Academy, we are big proponents of encouraging students to think outside of the curriculum” added Dr. Lorna Bryant, Senior Director of Career Solutions in Pearson’s Virtual Learning division. “While academics are still very important, bringing in more career and college exposure opportunities to students during middle and high school can absolutely contribute to a more well-rounded school/life balance and help jumpstart that career search process.”

High school students can lean into career readiness curriculum by taking courses that meet their required high school credits, while also working toward micro-credentials through Coursera, and getting college credit applicable toward 150 bachelor’s degree programs in the U.S.

Alexis Vandecoevering in her firefighter uniform

Alexis, a Class of 2024 graduate, and Ileah, set to start her senior year with Connections Academy, are on track to land careers they’re passionate about, which is a key driver behind career decisions amongst students today.

Of the students surveyed who know what career field they want to pursue, passion and genuine interest is the most commonly given reasoning for both male and female students (54% and 66%, respectively).

Parents can support their kids with proper school/life balance by sharing helpful resources relating to their career interests. According to the survey, 48% of students want their parents to help them find jobs and 43% want their parents to share resources like reading materials relating to their chosen field.

While teens today have more challenges than ever to navigate, including an ever-changing job market, maintaining school/life balance and being given opportunities to explore career paths at an early age are sure to help them succeed.

Learn more about Connections Academy’s expanded College and Career Readiness offering here.


Imagine you're working at a school and one of the kids is starting to act up. What do you do?

Traditionally, the answer would be to give the unruly kid detention or suspension.

But in my memory, detention tended to involve staring at walls, bored out of my mind, trying to either surreptitiously talk to the kids around me without getting caught or trying to read a book. If it was designed to make me think about my actions, it didn't really work. It just made everything feel stupid and unfair.


But Robert W. Coleman Elementary School has been doing something different when students act out: offering meditation.

Instead of punishing disruptive kids or sending them to the principal's office, the Baltimore school has something called the Mindful Moment Room instead.

The room looks nothing like your standard windowless detention room. Instead, it's filled with lamps, decorations, and plush purple pillows. Misbehaving kids are encouraged to sit in the room and go through practices like breathing or meditation, helping them calm down and re-center. They are also asked to talk through what happened.

Two young people meditating

Meditation can have profoundly positive effects on the mind and body

Photo from Holistic Life Foundation, used with permission.


Meditation and mindfulness are pretty interesting, scientifically.

children meditation

A child meditates

Photo from Holistic Life Foundation, used with permission.

Mindful meditation has been around in some form or another for thousands of years. Recently, though, science has started looking at its effects on our minds and bodies, and it's finding some interesting effects.

One study, for example, suggested that mindful meditation could give practicing soldiers a kind of mental armor against disruptive emotions, and it can improve memory too. Another suggested mindful meditation could improve a person's attention span and focus.

Individual studies should be taken with a grain of salt (results don't always carry in every single situation), but overall, science is starting to build up a really interesting picture of how awesome meditation can be. Mindfulness in particular has even become part of certain fairly successful psychotherapies.

children yoga

After-school yoga.

Photo from Holistic Life Foundation, used with permission.

Back at the school, the Mindful Moment Room isn't the only way Robert W. Coleman Elementary has been encouraging its kids.

The meditation room was created as a partnership with the Holistic Life Foundation, a local nonprofit that runs other programs as well. For more than 10 years the foundation has been offering the after-school program Holistic Me, where kids from pre-K through the fifth grade practice mindfulness exercises and yoga.

"It's amazing," said Kirk Philips, the Holistic Me coordinator at Robert W. Coleman. "You wouldn't think that little kids would meditate in silence. And they do."

kids meditating

A child meditates at the Holistic Life Foundation

Photo from Holistic Life Foundation, used with permission.

There was a Christmas party, for example, where the kids knew they were going to get presents but were still expected to do meditation first."As a little kid, that's got to be hard to sit down and meditate when you know you're about to get a bag of gifts, and they did it! It was beautiful, we were all smiling at each other watching them," said Philips.

The kids may even be bringing that mindfulness back home with them. In the August 2016 issue of Oprah Magazine, Holistic Life Foundation co-founder Andres Gonzalez said: "We've had parents tell us, 'I came home the other day stressed out, and my daughter said, "Hey, Mom, you need to sit down. I need to teach you how to breathe.'"

The program also helps mentor and tutor the kids, as well as teach them about the environment.

volunteer work

Building a vegetable garden.

Photo from Holistic Life Foundation, used with permission.

They help clean up local parks, build gardens, and visit nearby farms. Philips said they even teach kids to be co-teachers, letting them run the yoga sessions.

This isn't just happening at one school, either. Lots of schools are trying this kind of holistic thinking, and it's producing incredible results.

In the U.K., for example, the Mindfulness in Schools Project is teaching adults how to set up programs. Mindful Schools, another nonprofit, is helping to set up similar programs in the United States.

Oh, and by the way, the schools are seeing a tangible benefit from this program, too.

Philips said that at Robert W. Coleman Elementary, there have been exactly zero suspensions last year and so far this year. Meanwhile, nearby Patterson Park High School, which also uses the mindfulness programs, said suspension rates dropped and attendance increased as well.

Is that wholly from the mindfulness practices? It's impossible to say, but those are pretty remarkable numbers, all the same.


This article originally appeared on 09.22.16