I learned about this book the other day while listening to the radio. I haven’t finished it yet, but have found it to be so relevant to my struggles with student loan debt that I wanted to help spread the word!
Here’s a brief synopsis:
Ken Ilgunas graduated from the University at Buffalo with $32,000 in student loan debt. To get out from under that mountain, he worked a series of odd jobs in Alaska (including night cook and tour guide in a town with a population smaller than a typical college class). Determined not to go further into debt when he entered graduate school at Duke University, he secretly lived out of a van- on campus- while working on his graduate degree.
Although I haven’t finished it yet, I highly recommend this book to anyone who is struggling with debt. Not only does Ilgunas discuss his own (albeit extreme) how-to strategy for paying off debt, I like that he went deeper. I’m finding that he’s putting words to some of the emotions that I’ve felt about student loan debt–about how ridiculous it is that a bank would let an 18-year-old sign off on a double-digit loan, or how we all go into college believing that we’ll graduate and immediately make enough money to quickly pay off those loans. He’s brutally honest about how paying off debt is an exercise in complete frustration at times, but a complete victory at others. He’s also pretty funny and self-deprecating, which just makes the book fun to read.