In an interview with The Economist, Sen. Marco Rubio (R-FL) shared that he had $100,000 in student loans but paid it off by writing a book. Rubio was asked why he didn’t support the Obama administration’s plan to forgive the student debt of people who make less than $50,000 per year and have no existing federal loans, which would amount to around 45 million Americans. His response to this question shows not only his lack of compassion but his lack of financial understanding or common sense when it comes to large financial obligations and interest rates as well as how to pay them off quickly.
While I didn’t pay off my student loans completely with my first book advance (I only paid them down from about $120,000 to about $90,000), the advance helped me cover four years of tuition at American University Washington College of Law (my alma mater) which was about what I owed on my student loans at the time.
Sen. Marco Rubio is a Republican from Florida and former Speaker of the House. He was recently criticized for describing student debt cancellation as unfair and suggesting that people should have chosen other options besides attending college if they couldn’t afford it.
A lot of people don’t believe me when I tell them this story because people often say that lawyers are rich
Sen. Marco Rubio (R-FL) was on Bloomberg TV last night to talk about the 2016 election. A key part of the interview was about student debt. I am sure most of you know that I have been campaigning for Senator Bernie Sanders and talking a lot about student debt. It has always interested me how many people thought that because I’m lawyer that I didn’t have any debt or worry about it.
While I have heard Senator Rubio comment about his student debt before and it is odd that someone would say such a thing given that one of their standard attacks on Senator Sanders is that he has no experience dealing with financial issues (despite having more actual experience dealing with financial issues than any other candidate), I have never actually heard him tell his own story about how he dealt with student debt.
To put things into perspective for those who don’t know me, I graduated from law school almost 14 years ago.
Since finishing law school, I’ve written four more books – each advance helping me to pay down my remaining balance on my student loan debt.
Sen. Marco Rubio – who called student debt cancellation ‘unfair’ – said he had $100,000 in student loans but paid it off by writing a book. This blog post is to share my journey with paying back my student loan debt and how I used books as one tool to help me attain the goal of being completely out of the red.
The last thing you need when you’re starting out as an attorney is more debt
Many attorneys are so concerned with building their careers that they neglect to consider how student debt can affect them financially. Thankfully, Sen. Marco Rubio (R-Fla.), who ran for president of the United States of America in 2016, experienced the first-hand burden that student debt presents. He told Politico that he owed about $100,000 in student loans when he graduated from law school at age 24.
The third-highest ranking Republican senator went on to say that he managed to pay off his debt by putting all of his money towards repaying it. Since then, Sen. Rubio has been criticized for supporting an anti-debt agenda that would benefit himself more than anyone else.
Sen. Marco Rubio (R-Fla.) ran for president of the United States of America in 2016 – Third Paragraph: Despite Mr.
So if you’re trying to figure out how your write your way out of your debts while working full-time as an attorney
just keep plugging away at it and don’t get discouraged when someone tells you it’s impossible—you can do it too if you’re willing to put in the effort!
While many people argue that paying back student debt is an impossible feat while working full-time, Senator Marco Rubio demonstrates otherwise. In fact, the Florida senator told CNBC that he had $100,000 in student loans but made his last payment more than ten years ago. After graduating from law school and practicing as an attorney for 10 years (which can certainly make paying back debt challenging), Rubio eventually wrote and published his first book titled ‘An American Son’ that was translated into 16 languages.
If you’re currently facing student debt and wondering how to write your way out of your debt while working full-time as an attorney or another profession that requires education and training—don’t get discouraged! Just like Senator Rubio, you can pay back your debts if you’re willing to put in a lot of hard work. The first step is building up your portfolio by completing freelance assignments to gain experience.