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$22 Million Relief: Verizon Launches Bold Initiative for Veterans
Globenewswire· 2025-09-03 15:05
Core Insights - Verizon is committing $22 million in debt relief for military veterans through 2026, partnering with ForgiveCo, which has already erased $8.79 million in medical debt for over 6,000 veterans [1][2][5] Group 1: Debt Relief Initiative - The initiative aims to alleviate the significant debt burden faced by veterans transitioning to civilian life, promoting financial stability [2] - Since its launch in 2024, the program has provided an average of over $800 in relief per person [3] - Verizon has partnered with various sports franchises to raise awareness and extend the initiative's impact within local communities [3] Group 2: New Alliances and Funding - Verizon has formed a new alliance with the Columbus Crew, providing an initial $500,000 in debt relief, with an additional $100,000 for each win or draw during the 2025 season, up to another $500,000 [4] - The commitment sends a strong message to veterans, emphasizing the importance of honoring their service and sacrifice [5] Group 3: Broader Commitment to Veterans - Verizon has been recognized as a Military Friendly® company for seven consecutive years and employs thousands of veterans [5] - The company collaborates with the Department of Veterans Affairs to supply critical communications to VA medical centers and offers resources for veteran-owned small businesses [5] Group 4: Accessibility and Support - Veterans benefiting from the relief efforts will be contacted directly by ForgiveCo, with no application or enrollment required [6] - Verizon provides special discounts for veterans and active military members on mobile and home internet plans [6]