A former law student desperate to pay off his loan debt turned to the popular online auction site eBay, offering to sell th e
What's in a name? Jason Madsen, 28, is offering eBay bidders to legally change his name to a moniker of their choosing for two years in exchange for at least $75,000
legal rights to his name to the highest bidder.
Jason Madsen, 28, of Charlotte, North Carolina, enrolled in the Charlotte School of Law, but was able to complete only his first year because his financial aid was denied.
He dropped out of school before the start of the second year and was stuck with tens of thousands of dollars in unpaid loans.
In a last-ditch effort to become debt-free, Madsen put up his name for sale. Now, those willing to pony up at least $75,000 will get to decide what the 28-year-old will be called for the next two years.
‘If you want my first name to be “Bob’s Supermarket” and my last name to be “.com” I’m cool with that,’ Madsen wrote in the eBay offer.
But that’s not all. As part of the oddball deal, the hapless student will also agree to drive a car and wear clothes bearing whatever logos or messages the owner of his moniker chooses, provided that they pay for expenses.
For Madsen, his troubles started in August 2011 when he enrolled In the Charlotte School of Law – an unranked institution with a paltry employment score of only 34 per cent, which only got an accreditation that same year, according to the blog Above the Law.
Online deal: As part of his offer, the former law students eager to pay off his loan debt is willing to drive a car and wear clothes bearing any logo the owner of his name chooses
Humble institution: Madsen enrolled in the Charlotte School of Law, which is unranked, has an employment score of only 34 per cent and which got it s accreditation only in 2011
Even if the 28-year-old were to complete his education, it is likely that he would have faced an uphill battle trying to get his fledgling legal career off the ground since in his first year, he got by on B and C grades.
In the description of his eBay offer, Madsen writes that just before starting his second year of law school, his GradPlus Loan was denied because he failed to pay a $400 credit card bill.
‘I feel like I was denied for being poor and having poor friends and family,’ Madsen writes.
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