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Dept of Education Announces Debriefing Schedule for Unsuccessful Participants in Collection RFP

On December 10, 2016 and again on December 12, 2016 insideARM wrote about the announcement from the Department of Education (ED) regarding their selections for the new student loan debt collection contract. In those articles we suggested that many, if not all, of the 41 unsuccessful bidders would likely seek a formal debriefing from ED. We also suggested that protests would be likely as well. 

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Is RIP Really a Way Out for Some with Medical Debt?

You may recall a story that received a lot of attention this past summer – Last Week Tonight with John Oliver skewered the debt-buying industry, and then dramatically closed the segment by “giving away” $15 million in medical debt. He forgave the debt by buying a portfolio of approximately 90,000 out-of-stat accounts, and giving it to RIP Medical Debt. RIP is a non-profit company established by two former collection industry executives with the mission of forgiving medical debt, with no tax consequences for the consumer.

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