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NJ college graduate pays off $70K in student loans by starting used book business – Fox News

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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 woul…….

NEWYou can now listen to Fox News articles!

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

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