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Could you buy your own student debt for pennies on the dollar then forgive it and take a tax loss? Or could a bunch of former students band together and do thi
by daemin 9y ago
Could you buy your own student debt for pennies on the dollar then forgive it and take a tax loss?
Or could a bunch of former students band together and do this in a cooperative type corporation? Buy defaulted student debt, then forgive it?
- te_chris 9y agoI remember seeing stories about an Occupy group doing that. You know, a distributed ledger of defaulted US student debt might actually be a useful use for a blockchain. (I say this as a NZer whose student debt was held by the govt. and had capped fees etc.)
- daemin 9y agoYeah, I think it was an episode of The Daily Show where they bought a whole tranche of medical debt and forgave it.
- lightbyte 9y agoIt was an episode of Last Week Tonight a few years ago. They noted that you can not buy individual debt, just large blocks of it. So HBO let them buy a large block of it and they told everyone they wouldn't be collecting.