In celebration of the end of her six-year journey, she had a funeral for her loans in a New York City cemetery
graduated from the University of Pittsburgh with a bachelor’s degree in English and communications, she was in for a shock. She calculated that if she were to make the minimum monthly payment on her $75,000 loans every month, she’d pay them off around the year 2046.
She felt it was unfair that the loans that helped her earn her bachelor’s degree had such high interest rates attached. „I have always been a person who, if I feel like if things aren’t fair, I have to find a way to make them fair,“ Velez told Business Insider. She aimed to pay them off by the time she turned 30, but ended up doing it in just six years, two years early.
She’d lived in New York City the whole time she was paying on her loans, and had worked jobs with salaries between $40,000 and $80,000 per year. She had roles at various startups, publications, and even took temp roles. She now works as a senior social editor at The Daily Beast.
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