Grad Student Lived on Boat to Avoid Student Loans

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.

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