"But as of December 31st, 2013, we have stopped accepting new donations."
Would love to see someone new come in and start doing the same.
> Until now, we have worked in the secondary debt market, using crowdfunded donations to buy portfolios of medical and educational debts for pennies on the dollar, just as debt collectors do. Only, instead of collecting on them, we abolish them, operating under the belief that people shouldn’t go into debt for getting sick or going to school. [.....] But this approach has its limits. Federal loans, for example, are guaranteed by the government, and debtors can be freed of them — via bankruptcy — only under exceedingly rare circumstances. That means they aren’t sold at steep discounts and remain out of our reach. What’s more, America’s mountain of student debt is too immense for the Jubilee to make a significant dent in it. Real change will require more organized actions like those taken by the Corinthian 15.
Its not surprising that they lost traction after the pivot. Buying discounted debt is a tactic which respects the logic of the market. Debt strikes go against the cultural norm of treating debt as a moral obligation.
1. http://www.nytimes.com/2015/02/28/opinion/a-strike-against-s...
EDIT: I'm not sure what their tactics are or whether I'd support them. I did like the jubilee approach.