Verizon's $22 Million Commitment: Supporting Veterans Through Debt Relief
Verizon's Commitment to Veterans Through Debt Relief
Verizon is stepping up its efforts to support military veterans by committing $22 million towards debt relief initiatives. This bold step will last until 2026 and is made possible through their ongoing partnership with ForgiveCo. This partnership has already made significant strides, relieving over 6,000 veterans of more than $8.79 million in medical debt across various regions.
Addressing Financial Challenges for Veterans
This initiative aims to target the often overwhelming burden of debt, which is a significant problem for many veterans as they transition back to civilian life and seek necessary medical care. By alleviating this financial pressure, Verizon hopes to pave the way for these servicemen and women to achieve long-term financial stability.
Collaborating with Sports Teams for Greater Impact
Since the program's inception in 2024, more than 800 dollars in debt relief has been provided to each affected individual. Verizon has partnered with several notable sports teams, including the Cleveland Browns, Detroit Lions, Green Bay Packers, Indianapolis Colts, Pittsburgh Steelers, St. Louis Blues, and Team Penske, to spread awareness about this debt relief initiative and to enhance its reach in local communities.
New Alliance with Columbus Crew
As part of its initiative, Verizon has recently formed a new alliance with the Columbus Crew. This collaboration involves an initial commitment of $500,000 in debt relief, with the potential to contribute an additional $100,000 following every win or draw during the 2025 season, capped at another $500,000. This innovative approach combines sports and community service, showcasing how both can work hand-in-hand.
Voices from Leadership
Andy Brady, President of Verizon’s Great Lakes region, expressed the importance of this initiative by stating, "When a veteran sees $3,000 in medical debt disappear because of our work supporting their favorite team—that’s not just relief, it's restoration. These aren’t mere numbers; they represent our friends, neighbors, and community members who deserve more than just gratitude—they deserve action.”
A Message of Honor and Action
Furthermore, Erik Antico, President of ForgiveCo, highlighted the broader implications of Verizon’s $22 million commitment: “This sends a powerful message to our veterans that their service and sacrifices will be honored. When companies step up with purpose and tie it to community impact, the outcomes are transformative and enduring.”
Verizon’s Continuing Support for the Military Community
Recognized as a Military Friendly® company for the last seven years, Verizon has a robust workforce that includes thousands of veterans across the country. Their commitment extends beyond financial relief; they actively collaborate with the Department of Veterans Affairs to provide critical communications to VA medical centers. Verizon also offers valuable resources tailored for veteran-owned small businesses.
How Veterans Can Benefit
Veterans who are eligible for these relief efforts will be contacted directly by ForgiveCo, eliminating the need for any application or enrollment processes. Moreover, Verizon provides attractive discounts on mobile and home internet plans specifically for veterans and active military personnel. To learn more or check eligibility, veterans can visit verizon.com/military or a participating Verizon store.
Frequently Asked Questions
What is Verizon's new initiative for veterans?
Verizon has committed $22 million in debt relief for veterans through its partnership with ForgiveCo, aiming to reduce financial burdens on veterans.
How does the emergency relief program affect veterans?
The program assists veterans by eliminating medical debt, which helps improve their financial stability while transitioning to civilian life.
What sports teams are involved in this initiative?
Verizon partners with various sports franchises, such as the Cleveland Browns, Detroit Lions, and Columbus Crew, to promote awareness about the debt relief effort.
How can veterans access these benefits?
Eligible veterans will be contacted directly by ForgiveCo, ensuring an effortless process for relief without the need for an application.
Are there any additional discounts available for veterans?
Yes, Verizon offers special discounts on mobile and home internet services for veterans and active military members.
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