Students in Action Campaign
A Youth Led Network to Abolish Medical Debt!
Medical costs have doubled in the past forty years, insurance copays and deductibles have spiked, and bankruptcy rates have quadrupled, creating an avalanche of destructive medical debt. More than 60% of bankruptcies in America have medical debt as a root cause.
Take the first step towards abolishing burdensome medical debt by creating a fundraiser through RIP Medical Debt’s Students in Action Campaign!
Launched on April 23rd of 2021, in honor of Global Youth Service Day, this campaign is the first large-scale crowdfunding effort in RIP Medical Debt’s history that is entirely student-led! The campaign aims to bring students fundraisers together from across the country to tackle one of America’s longest-standing social issues. Along with continued guidance from our staff members, all fundraisers will be matched with a dedicated peer mentor. Peer mentors are students who have led past fundraisers with RIP Medical Debt and can provide customized support to each fundraiser.
RIP Medical Debt utilizes campaign contributions to purchase bundled medical debt portfolios on the secondary debt market, and then abolishes that debt for pennies on the dollar. On average, $1 is leveraged to abolish $100 in medical debt, and every dollar donated to this campaign will be spent directly on abolishing medical debt across the United States.
Scroll below for more information about how you can be a part of this exciting new initiative!
How to Get Involved
Step 1) You set up your individual fundraiser
When you set up a fundraiser, you become part of a cohort of students dedicated to eliminating medical debt across the United States. To set up a fundraiser, simply click on the “Create a fundraiser here!” button above!
If you’d like to speak with a staff member before setting up your fundraiser, you can send us an inquiry here and our team can help you get started!
Step 2) You are contacted by a RIP Medical Debt staff member
This RIP staff member will contact you and help you finalize your fundraising plan and set customized goals.
Step 3) You get paired with a mentor
Due to their past experience fundraising with RIP Medical Debt, peer mentors can teach you how to:
- craft impactful fundraising posts on social media
- reach out to your community members to raise awareness for your campaign
- create educational tools on the impact of medical debt
You and your mentor can work together to customize the level of support and guidance you may need. Don’t worry- there are no mandatory meetings or assignments! Just an amazing mentor who is ready to help you reach your goals!
Campaign Support Recipients
- John D. just donated $51.49
- Sarah K. just donated $10.46
- Anonymous just donated $5.33
- Anonymous just donated $5.20
- Amy S. just donated $102.77
- Amaia B. just donated $51.49
- Richard H. just donated $51.49
- Richard H. just donated $102.77
How RIP Works
Over a hundred million Americans, one in three, struggles with the weight of medical debt.
Here’s how we lift them up.
You make a donation
With every donation, RIP uses its precise data analytics to pinpoint the medical debt of those most in need of relief: households whose income is below twice the federal poverty line or are insolvent.
RIP buys medical debt at a steep discount
Your donations allow us to buy debt in bundles. That allows us to buy debt at a fraction of the original cost. So whatever you donate has 100x the impact.
Together we wipe out medical debt
People receive a letter that their debt is gone. No taxes. No penalties. Just like that, they're free of medical debt.
Yes. We are a 501(c)(3) charity and your donation is 100% tax deductible.
When we purchase a portfolio of medical debt, we abolish debt for individuals who:
- Earn less than 2x the federal poverty level (varies by state, family size).
- Debts are 5 percent or more of annual income.
- Facing insolvency — debts are greater than assets.
We only buy debt that has been pre-qualified by our partners to meet at least one of these three criteria.
We never collect on debt we purchase, only relieve it.
No. With your help, we abolish medical debt permanently. Recipients have no adverse tax consequences, obligations, or strings attached.
For those whose medical debts are relieved, the relief is a gift from a detached and disinterested third party (RIP) as an act of generosity, so relief of the debt does not count as income to the debtor. We will not file a Form 1099-C with the IRS.
Due to HIPAA laws, RIP Medical Debt cannot disclose the names, contact information or any other specific details of the debt relief beneficiaries.
RIP Medical Debt cannot relieve debt by individual request.
While we would love to help everyone who needs assistance, RIP Medical Debt cannot abolish medical debt for specific individuals. We approach the problem of medical debt by acquiring large portfolios of debt to help thousands of people at once.
Because medical debt affects so many people who may not have debt accounts in the portfolios we purchase, we have compiled a list of resources that may be able to help in ways RIP Medical Debt cannot.