Canadian Law Student Pays off Six Figure Student Loan in Cash
- 06th June 2012
A Canadian law graduate decided to pay back his six figure student loan in cash... and brags about it on facebook.
Alex Kenjeev, who works for a venture capitalist firm, owed the University of Toronto $114,000 in tuition fees. He decided to withdraw the amount in cash to pay the student loan company. Speaking to the Business Insider, he said 'I thought it would be worth getting a few laughs out of it. Neither bank thought it was as funny as I thought it was.'
Originally, the bank wanted him to hire out an armoured vehicle to transport the money, but eventually he just took it out in a canvas bag, taking it straight to the student loan company where dismayed cashiers had to count it out by hand. He took a photo of his receipt and posted it on Facebook (as you do).
Many have labelled the ostentatious show of wealth as offensive, questioning how he managed to amass so much money after only having graduated in 2009. He had already paid back $76,000 of the loan previously. So what do you think? A slap in the face to debt ridden students everywhere or a bit of harmless fun?