Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, October 17, 2019

Woman Celebrates 'Death' of $102G in Student Loans with Graveyard Photo Shoot

102KMandy Velez of New York recently killed off her student debt - all $102,000 of it. She was so ecstatic that she in fact celebrated the feat with a spooky funeral themed photo shoot in Manhattan’s Trinity Church Cemetery.

Velez accrued $75,000 in debt from California University of Pennsylvania and the University of Pittsburgh by the time she graduated in 2013. After moving to the Big Apple, she likened her $1,000 a month loan premium as another rent payment. She made a goal that she would be debt-free before she turned 30 so that she could start saving up for a home and a future. So when she accomplished that lofty goal at only 27 by taking odd jobs such as babysitting and dog-walking, she wanted to show the world.

"I hope that if [others with student debt] are able, they’re inspired to tackle their student loans in the best ways that they can," Velez told GMA. "Or if people don’t have student loans, I hope that they understand the burden that it is on people who have them and the ridiculous things that it takes to finally kill them."

Outstanding student loan debt has surpassed $1.6 trillion in the U.S. - double what it was just a decade ago.

See Janine Puhak, Woman Celebrates 'Death' of $102G in Student Loans with Graveyard Photo Shoot, Fox News, October 15, 2019.

https://lawprofessors.typepad.com/trusts_estates_prof/2019/10/woman-celebrates-death-of-102g-in-student-loans-with-graveyard-photo-shoot.html

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