Posted: June 27, 2013 | By: Laura Brothers & Mandi Woodruff [Business Insider]
American students aren't the only young people feeling the crush of student loan debt. British college grads carry an average $25,000 USD worth of debt after graduation, just $2,000 shy of their American comrades.
To escape falling into a similar fate, UK native Joe Pearce, 23, took extreme measures to stay debt-free while attending graduate school — he lived on a boat.
Pearce was kind enough to chat with us by phone recently and tells us how he managed to turn a 23-foot sailboat into his own get-out-of-debt free plan.