Mandy Velez, of New York, recently held a funeral for her student loan debt after she paid it off. The 28 year-old wore black and says she was able to pay off $102,000 worth of bills in six years by working several jobs and living with roommates.
She tells Inside Edition. “I missed out on a lot of quality times with my partner. I barely saw him really during the last eight months. I started off making 40,000 a year, at my first job after college. It’s gone steadily up since then, but during the payoff period it was between $70 and $78K. It came down to increasing my income and cutting my budget.”