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While President Biden has floated the idea of canceling “some” student loan debt — an idea both GOP and Democrat lawmakers alike are alarmed by, saying it would cost the government too much money and add to inflation — some college graduates with heavy debt loans aren’t waiting around for someone or something to bail them out.
They’re pushing forward, doing what’s right — and figuring out a way to pay off their own debt.
And for one Rutgers University graduate, that involved a novel idea.
New Jersey native Pathik Oza graduated in 2018 with a B.A. from Rutgers University — he studied psychology and biology — with $70,000 in student loans, he told Fox News Digital in an interview.
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And while Oza began pursuing another degree ahead of his plan to attend medical school, he also found a passion for rehoming used and discarded books.
“I was walking around one day during the summer, and I saw books lying there, and I thought there would be an opportunity,” he said.
O3 Books founder Pathik Oza of North Brunswick, N.J., during a recent Zoom interview with Fox News Digital about paying down his student debt. “I just started this volunteer work where I would collect unwanted books,” he said.
(Fox News Digital)
“Why would books be thrown away? They could be redistributed to someone who may need them. So I just started this volunteer work where I would collect unwanted books,” he told Fox News Digital.
What began as a kind gesture and a chance to give back to local libraries, schools, shelters and children’s hospitals turned into a sparkling new business opportunity.
An increasing number of requests for books and a high demand for his services became something far too large for just Oza and his Toyota RAV4 to handle.
Pathik Oza made the decision to turn reselling books into a profitable business.
So Oza made the decision to turn reselling books into a business. He started off by opening an Amazon account.
He called his business O3 Books.
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“The profit would keep coming in, and it kept growing,” he said. “[In about] a month or so, I had around 1,000 to 2,000 books in Amazon warehouses. So it was pretty cool to see the growth in the business.”</…….
Source: https://www.foxnews.com/lifestyle/nj-college-graduate-student-loans-book-business