A few days ago, it was revealed that three-quarters of new university graduates will never repay their student loans.
With a cost of £ 9,000 a year, a minimum of £ 27,000 will be counted; the average debt is £ 57,000. It's painful.
With the accumulation of debt, Elijah Oyefeso dropped out of college, taught himself the ins and outs of the stock market and now claims to earn, on average, £ 80,000 a month. A bad month will make him between £ 20,000 and £ 30,000 (a full year of pay for most of us).
Elijah Oyefeso, who appeared on Channel 4's Rich Kids Go Shopping, said he used his student loan wisely to create his empire.
And, while most of us have to work a minimum of eight hours to get our dollar, he works for one hour maximum.
He now lives in a £ 5,000 monthly flat in Kensington and splashes on super cars - his latest addition being a £ 125,000 Mercedes GTS.
He told the Daily Mail: "On a good month, I earn between £ 70,000 and £ 80,000.
"If you work hard, you do not need to look at the price tag, you just get it."
He bought his first Mercedes at the age of 18, and quickly (understandably) became the envy of most of his friends.
Elijah Oyefeso, originally from Camberwell, London, said: "They come from the same place and they are still in the same area and have gone to school in the same area.
"My mother came from West Africa and arrived with probably 100 pounds in her pocket."
Elijah Oyefeso was studying business management at Buckingham University, which allowed him to invest in his own cash.
In just nine months he was earning tens of thousands of pounds on the stock market. While being filmed for a documentary, he made £ 1,000 in just 15 minutes
After three years of experience, Elijah Oyefeso says the key is when to stop.
The millionaire listens to classical music while he finishes his one-hour session. He said, "There's a saying, you're with whom you're slipping, I'm relaxing with people who have half a million in the bank.
"Gaining £ 20,000 to £ 30,000 a month, which is not good in my world, it motivates you to do more."
Elijah Oyefeso added that he now owns his childhood dream cars: "I worked for that, I got it."
His success led him to start his own company, DCT Training Group, which teaches others how to become a stockbroker. The free trial lasts five days, but users earn £ 107 a month.
"It's to help people learn the basics," said Elijah Oyefeso. "I tell them to go to this site or read this book."
To know more details about Elijah Oyefeso, visit the website http://www.elijahoyefesobesttrader.co.uk
Elijah Oyefeso Best Trader is a website which explains more about Elijah Oyefeso
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