Alex Kenjeev, a 2009 law school graduate of the University of Toronto who now works for venture capitalist firm, O’leary Ventures recently paid the remainder of his $190,000 student loans in cash. The remainder paid in cash amounted to a staggering $114,000. Kenjeev made the payment in cash not because he was trying to boost his ego or show off; however he thought that it’d be really funny. He states, “It was stressful enough to carry such a big debt load. I thought it would be worth getting a few laughs out of it,” he said. “Neither bank thought it was as funny as I thought it was.”
Initially when Kenjeev showed up at the Royal Bank of Canada to withdraw the large lump sum, management refused him. He was told that he’d have to pay a transport fee to have it delivered by armored truck. In the end, Kenjeev dodged the fee but still waited three days before he could pick up the cash. It seems as though the waiting period had no effect whatsoever on Kenjeev. He continues by saying, “After so many years of carrying student debt, a few extra days didn’t bother me.” After receiving the money in a canvas bag, he walked the two blocks over to Scotiabank, where his student loan was held.
“I just plopped the bag down ,” he said. “They also didn’t know how to handle it. At first the manager didn’t want to accept the money.”
While Kenjeev waited, calls to higher-ups were made, his RBC withdrawal slip was reviewed, and tellers went to work counting the bills by hand.
“I was pretty naive,” Kenjeev admitted. “I didn’t really realize how much of a hassle I’d cause for everybody. You just look at things and you figure cash is simpler than anything else.”
Spitters, any comments or opinions regarding this situation. Was he showing off to boost his ego or you do not see anything wrong with this picture.