Montez Smith is a recent college grad who just launched the “Fight Sallie” campaign on Indiegogo to support the Fight Back Fund.
According to a press release:
“The Fight Back fund takes revenue from video ads shown on FightSallie.org and uses it to purchase student loan debt from banks & debt collectors. Then once Fight Sallie owns the debt, they forgive it. “There are far too many people who have student loan debt and feel completely helpless. So we wanted to create a multi-faceted resource that both educates students and helps them to take action” said Smith, FS’s founder.
The Fight Sallie team is looking to raise $250K to help them further develop their website, digital materials and purchase their first round of student debt. To jump-start the campaign, the Fight Sallie team is offering super cool kickbacks to everyone who gets involved. Perks include original campaign swag, a chance to host a Fight Sallie video and two tickets to their launch event in Philadelphia.“
The campaign admits that it won’t be able to completely eradicate student loan debt, but it will be able to make a difference, citing a similar fund by Occupy Wallstreet, which managed to raise over 4 million dollars. It will also not be able to cancel loans, but will work by “buying” debts and then forgiving the loans.
Fight Sallie will officially launch in May 2015. For more information visit FightSallie.org and head over to the fund’s Indiegogo page.