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College Graduate Auctioning Student Loans on eBay

Indiana University Grad Auctioning Her Loans on eBay

Most of you know all too well that college tuition bills can be outrageous and require hefty loans, and as new grads it can be tough to figure out a way to manage the payments each month. A couple of weeks ago I told you about Luke, a recent college grad who's selling ad space on his website, and the money earned from companies purchasing the space goes towards paying off his student loans. He already has sponsors lined up for March and May.

While it's a different concept and less of an entrepreneurial endeavor than the ad-sponsorship concept, another college grad, Liz Huffman, has come up with her own solution of auctioning her loan payments on eBay. Her current situation sounds just like Scarlett Johansson's character's life in The Nanny — she graduated with a degree in anthropology and is currently working as a nanny, though her dream is to work in a zoo communicating with primates via sign language.

So far, Liz has received a $50 bid from a woman in California and said, “I think $50 is all I’m going to get.”

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