U.S. Senator Ted Cruz of Texas at the 2017 Conservative Political Action Conference in Maryland.
When it comes to paying off student loans, celebrities aren't much different than the typical student borrower. In fact, some very famous celebrities weren’t able to pay off their debt until they were well into their 30's and 40's according to CNBC.
The biggest names on the list are arguably Barack and Michelle Obama. The former President even revealed in a speech that they both accumulated considerable debt during undergraduate and law school. Although both had good jobs, they barely finished paying off their loans before he was elected as the 44th President of the United States.
Another political figure—Senator Ted Cruz—had about $100,000 in student loan debt. He spoke about finally paying off in his early 40s before his 2015 presidential bid. It took another 2015-2016 Presidential candidate, Senator Marco Rubio, about 16 years and a book deal to wipe his student debt clean.
Cheryl Strayed, the author of Wild, used her first paycheck from her best-selling book to pay off her student loan debt as well as $85,000 in credit card bills. That didn’t happen until she was 41. But while getting rid of that debt was a huge weight off her shoulders, she admits her life didn’t change much after making those final payments.
Private Practice star Kate Walsh has said she finally got rid of her "thousands and thousands and thousands of dollars" of student loan debt at age 37. Scandal’s Kerry Washington revealed that she couldn't pay off her debt until landing her iconic role when she was in her mid-thirties. Comedian Kevin Bozeman admitted he’s on a repayment plan while actor Miles Teller is still paying off his NYU loans—despite his starring roles in many popular films.
Maybe this will make all of us “little” people feel better while we’re making our own monthly payments to get rid of our student loan debt. At any rate, some motivation may be needed in order to cope with the near $30,000 in student debt that the average borrower racks up.
Image Copyright © Gage Skidmore