Showing posts with label student loans. Show all posts
Showing posts with label student loans. Show all posts

Monday, April 2, 2012

Chemist Wins Lotto, Pays Off Student Loans

Asking someone what they'd do after winning the lottery is a sort of personality test - anyone who says they'd still show up for work on Monday must really enjoy their job (right? right!?).


Cure for student loans?
Credit: Inquisitr.com
When the largest jackpot in lottery history - Mega Millions, $640 million USD - finally ended this past Friday, a few lucky folks got to make just such a decision. As reported by the Boston Globe Metro Desk, a Boston-area chemist was among the winners, and he'll take his prize as a lump sum of $175,000. 


However, that's not the best part: what do you suppose he'll spend it on? Fast cars? Cruise ships? World Travels? No, he's going to "...pay off his student loans and make a down payment on a house."


At first I was shocked, but slowly realized that I'd do the exact same thing. Cars depreciate, clothes go out of style, stocks fluctuate, but not having to pay loan agencies every month? That's a gift that keeps on giving.