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Monday, April 22, 2024

Millionaire Florida Gov. Ron DeSantis Still Paying Off Student Loans World News


Florida Gov. Ron DeSantis has experienced tremendous economic growth and has become a millionaire thanks to the success of his book aimed at supporting his presidential aspirations. Yet despite his newfound wealth, DeSantis still finds himself saddled with student loan debt.

Florida Gov. Ron DeSantis speaks to Iowa residents at the Sun Valley Barn in Pella, Iowa (Reuters)

DeSantis’ net worth soared to $1.17 million in 2022, a sharp increase from the $319,000 he reported last June, according to a financial disclosure form filed with the state of Florida.

Last year, DeSantis’ income came from two sources: the governor’s salary of $141,400 and a massive $1.25 million payment from HarperCollins Publishing. The latter was reportedly part of a $2 million advance for his memoir, “The Courage to Be Free,” to be published in February.

DeSantis’ book quickly became a New York Times bestseller, having sold nearly 170,000 print copies as of mid-June, an impressive feat for a political candidate’s autobiography.

The governor sold his home after taking office and has not reported any real estate holdings or investments. Instead, he chose to deposit the funds with USAA, a bank that serves military members and veterans, and a checking and savings account at one bank. couple retirement fund.

Yet despite DeSantis’ financial success, he was saddled with more than $18,000 in student loan debt while attending Yale University and Harvard Law School. Last year, he managed to pay off an outstanding balance of approximately $2,600. Notably, DeSantis has been critical of President Biden’s pledge to call off the race. student millions of Americans in debt while emphasizing the importance of personal responsibility.

Read also | Donald Trump leads Ron DeSantis by 29 points among Republican primary voters in latest NBC poll

this Supreme Court More recently, Biden’s plan to cancel hundreds of billions of dollars in student loan debt held by the federal government was dealt a blow when it was ruled overstepped.

As the political landscape continues to grapple with the issue, it remains to be seen how DeSantis’ personal experiences will shape his stance on student loan reform going forward.

Read also | ‘Battle not over yet,’ President Biden to announce new plan to protect student loan borrowers amid SC ruling – report


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