Students in Action - RIP Medical Debt

Students in Action Campaign

A Youth Led Network to Abolish Medical Debt

Christina Pan
Fundraiser ByChristina Pan

As a junior in college and aspiring doctor, I’ve been immersed in rigorous courses and vibrant environments catered to the medical field and the career paths available to me within it. However, rarely was I exposed to information concerning even the basics of healthcare, this other side of the field I’ve grown to love learning about, that is similarly plagued with failures and hardship but in the form of financial burdens.

In 2019, two-thirds of all personal bankruptcies were due to healthcare-related debt¹, and more than half of Americans with medical debt have no other debt on their credit reports.² With the fear surrounding the consequences of astronomical medical expenses, it’s no wonder that one in ten adults delayed or didn’t get care due to costs, with the rates of those in worse health being twice as high, and those of the uninsured more than three times as high as their insured counterparts.³ That’s where RIP Medical Debt comes in, using your contributions to forgive the medical debt and prevent more households from having to choose between medical bills and basics like heating, food, and housing.

I am proud to be working with RIP Medical Debt under this Students-in-Action campaign. Each dollar we raise will abolish $100 in medical debt in the U.S., helping these indigent households gain financial stability and opportunity with a fresh start in life. With your help, we can not only provide relief to these families, but raise awareness about healthcare, educating and familiarizing ourselves and future generations about this massive industry and the role it plays in our lives.

1. “Medical Bankruptcy: Still Common Despite the Affordable
Care Act”, American Journal of Public Health

2. “Consumer credit reports: A study of medical and non-medical collections”, Consumer Financial Protection Bureau

3. “How Does Cost Affect Access to Care?”, Kaiser Family Foundation, Peterson Center on Healthcare

Campaign Support Recipients

This fundraiser supports a campaign: Students in Action.

Campaign Details

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 taking part in 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 […]

Campaign Created ByRIP Medical Debt
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Tomson Zhang
Give with confidence: RIP has a 100/100 score from Charity Navigator

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 incomes are less than four times the federal poverty level guideline or with medical debt representing at least 5% of gross income.

RIP buys medical debt at a steep discount

Your donations allow us to buy debt in bundled portfolios, millions of dollars at a time at a fraction of the original cost. On average, whatever you donate has 100x the impact.

Together we wipe out medical debt

People across the country receive a letter that their debt is gone. No taxes. No penalties. Just like that, they’re free of medical debt.

Who We Help

Frequent Questions

Yes. We are a 501(c)(3) charity and your donation is 100% tax deductible.

Relevant Documents:

When we purchase a portfolio of medical debt, we abolish debt for individuals who:

  • Earn less than 4x the federal poverty level (varies by state, family size).
  • Debts are 5 percent or more of annual income.

We only buy debt that has been pre-qualified by our partners to meet at least one of these 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.

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