Football Blues: Even the Pros Have the Student Debt Woes

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Football Blues: Even the Pros Have the Student Debt Woes

Dec, 8th 2016

Ryan Schraeder, the starting right tackle for the Atlanta Falcons, signed a five-year, $33 million contract extension on Nov. 21. A reporter joked with Schraeder, “That takes care of the student-loan debt from college, right?”

“Yep, it’s paid off,” Schraeder said. “It’s gone.”

No, seriously, an NFL player had student-loan debt?

“Yeah, I’m not kidding, it was about $20,000,” said Schraeder, who played at Butler Community College in El Dorado, Kan., and then Division II Valdosta State in Georgia. “That was another reason I had to make this team after college.”

The small-school player with student-loan debt is in stark contrast to the lavish NFL lifestyle most people envision....

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