In Year 3 of his NFL career, Lions’ Jamal Agnew still paying off student loans

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Lions cornerback and return man Jamal Agnew has a very rare problem among NFL players: He has a lot of student loans to repay.

The vast majority of NFL players went to college on a football scholarship, but Agnew attended the University of San Diego, a smaller school that doesn’t offer football scholarships, and he took out $50,000 in student loans to pay for it.

A 2017 fifth-round draft pick, Agnew has made about $1.2 million so far in his NFL career, so he’s certainly better off than most twentysomethings saddled with student loan debt, but he still feels the debt hanging over his head.

“Obviously I’m dreading having to pay these loans back,” Agnew told Michael Rothstein of ESPN. “But I think about it. Like, 90 percent of the people I’m leaving school with are going to have these loans and they are not going to be making nearly as much as I am [right now], so I’m just grateful for the position I’m in, the type of money I’ve made so far in the NFL. I’m in a position that a lot of my best friends who I went to school with, I mean, they want to be able to do the same thing I’m doing, which is pay these loans off as fast as possible.”

The good news for Agnew is that the end is in sight: He expects to have all his student loan debt paid off by the end of this year.

22 responses to “In Year 3 of his NFL career, Lions’ Jamal Agnew still paying off student loans

  1. You’ve got top be kidding me. He’s made 1.2 million over about two years and is “dreading” paying back 50k in student loans?

    Cry me a freakin’ river.

  2. Meanwhile I make $60k and I have 20k in student loans. I really sympathize Mr millionaire. Here’s a coupon.

  3. If he’s made $1.2 million after two years in the NFL, why is he still carrying any student loan debt? He’s got more than enough dough to pay off 50 grand.

    This is one of those columns that the middle class looks at and says “Wow, that’s great that he can pay off his loans so quickly”. The media class is putting this forward as “Oh, look at this poor player stuck with his student loan debt that he’s having trouble paying off”. Huh, boy.

  4. And college athletes on scholarship (and politicians) think they should be paid. Welcome to the real world. At least he’s not running away from his obligation.

  5. I would have paid that off with the first check. Debt is so bad in general, but “they” want you to stay in debt and be comfortable paying interest every month for the rest of your life. Live within your means and get your freedom back and keep it people!

  6. That’s the first thing that he should have done (pay off all debt) when receiving his first contract/signing bonus. His bonus was $260k. After Uncle Sam takes his 45%, there was plenty to cover his loans.

  7. $50,000 for 4 years of college? That’s only $12,500 a year. Geez, I should have sent my daughter to that school!

  8. I was an idiot and took out student loans on a trade school that lost their accreditation. Im not paying a dime back. Ill default on the loans after i run out of forebearance. Ill die and they still wont get that money. In fact, when i retire in 15 years and move to mexico, i still wont pay it back. I dont care about my credit score. I dont care if i never own a house or a nice car.

  9. djbleedthestar says:
    August 23, 2019 at 2:18 pm
    How has he not paid it back yet? Someone doesn’t know about interest…

    —————–

    Why are so many people judging him? Guys sometimes it is better to carry the debt than to pay the loan. My student loans are sitting at 4.5% My investment returns are between 8-9%. Why would I outlay that cash? He took loans, he is paying them. Nowhere does it say he expected it for free. I dread paying my loans every month, not enough to pay out all the cash, but still dread it. BTW I went to school late in life, I am not a millennial.

  10. If you read his quote, he’s not really complaining or suggesting he can’t pay them back- though I question his use of “as fast as possible” since it seems like he’s beyond that point already.
    And it’s silly to think that because he’s made 1.2 million, he’s sitting on that much money. Taxes and agent fess come off the top, and he’s probably done some perfectly reasonable things like purchased a house and a car.

  11. Kolo Jezdec says:
    August 23, 2019 at 2:50 pm
    $50,000 for 4 years of college? That’s only $12,500 a year. Geez, I should have sent my daughter to that school!
    ————————-
    Make sure she has a sports scholarship

  12. So he has averaged $600,000 per year, for two years, and he can’t afford to pay back a $50,000 loan?

    I guess that math was not his major.

  13. fwippel says:
    August 23, 2019 at 2:29 pm

    This is one of those columns that the middle class looks at and says “Wow, that’s great that he can pay off his loans so quickly”. The media class is putting this forward as “Oh, look at this poor player stuck with his student loan debt that he’s having trouble paying off”. Huh, boy.

    *****************************************************************

    Maybe try reading the original ESPN article referenced in the story instead of busting out the social commentary hot take. There’s nothing in it that remotely sounds at all like what you’re trying to get at. He discusses why he hasn’t paid off his loans.

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