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Okay just how much would you sacrifice to be debt free.
Our nation's college kids are drowning in trillions of dollars of student loan debt but our next -- he paid off grad school in full.
By the living in a ban.
Joining me now can -- goodness author of Walton on wheels on the open road from debt to freedom there's a book right there Ken welcome to the show.
So I totally blown away by your story you graduate from college in 20060 in thirty.
Dollars how did that feel.
They felt awful.
I was an English and history majors that I knew I wasn't gonna have an easy time getting a job I applied -- point five paid newspaper internships.
Got rejected from all 25.
And as a last resort I moved up to northern alas -- work at a truck stop.
How much money you make there I was making about nine dollars an hour there however because they offered room and board and because it was so far away from the closest story because there was no cellphone reception -- -- need to cellphone plan.
I was able to save a lot of money that I -- about 181000 dollars that you're gonna put almost all of it Portsmouth today.
That's impressive OK be used up there you didn't went on to graduate school that had -- -- for that session.
Well I've finished paying off my 832000 dollar student debt.
Had 4000 dollars left over and more than anything I wanted to go to graduate school and maybe more than that I didn't want to go into debt for.
So I bought a 1994.
Ford Econoline van and how much did that -- was 15100 bucks.
So after renovating -- -- -- vehicle b.'s I'd die extinction up half of my savings.
Look at you -- living and that's how do you live and have they.
They actually wasn't so bad I was a bachelor.
But I mean you eat there and you do everything there -- -- that kind of how did you how did she get to love it.
I know I know it seems kind there's squalid but it could.
Really just many dorm I'm right -- I would be in there that would cooked meals -- I -- for about four dollars and 34 cents today.
And I would sleep in there and had a sleeping bag so though is warm during the the winter months and -- he's the campus gym for showers I would use the library for Wi-Fi charging my electronics and I was fairly confident.
-- figured out how to do it and how to pull it off.
I'm wondering just how many college kids today.
Would make that kind of sacrifice to go to school.
If you told them the only way you can afford this is our living in -- -- we think -- most kids would set our our.
Obviously most wouldn't be willing to go that far and you know I know it's crazy I know it's insane is probably illegal and a few college campus.
-- But it is is.
The -- impressive.
-- your effort is truly impressive and I want to read something from your book what you had to say about college student loan debt in general.
-- at how strange it was that the government my college -- a large bank we're letting me an eighteen year old kid.
One who didn't know what interest was -- even how to work to still take got a gigantic five digit loan.
Yeah and dom yeah I made these decisions when I was seventeen casually and I have minimum wage job.
I'd never dealt with debt before and now I'm you know being offered tens of thousand dollars of that.
And -- my main ambition that point wasn't to get an education that was to meet girls and live away from -- How wild and this is this what you get when your your seventeen.
Isn't the system -- screwed up in your mind -- is it just too expensive to get an education should people have to go to these links to be able to pay for their.
And then there's no question education is extremely expensive and the average common room and board is about a 500 dollars a year so that's another huge additional expense.
But there are affordable education is out there the average four year public institution -- -- 8500 dollars.
When you factor in the average scholarship and grant aid that's about 5500 dollars he had about 3000 dollars a year and -- here frugal and if you commute from home you can get education for for little.
You just have to be willing to make the sacrifices and do the right thing you must be proud of yourself.
I'm proud of listening to this story it's an amazing story and Ken thanks for coming on telling my pleasure appreciate it.
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