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From the staff of the Tampa Bay Times

Rubio still bogged down in student loan debt



Sen. Marco Rubio wasn't kidding when he said recently he still has student loans, a sort of "I feel your pain" moment amid the partisan fight over extending low-interest rates.

mrubio1.jpgRubio's financial disclosure out today shows he has more than $100,000 in debt with Sallie Mae. He showed that much last year, too. Rubio graduated from the University of Florida (though he attended two previous colleges) and University of Miami School of Law.

Rubio, 41, also reports a 30-year mortgage on rental property in Tallahassee, a 30-year home loan valued at between $250,001 and $500,000 (Congress is allowed to report in broad ranges, to the chagrin of reporters and watchdog groups) as well as a 10-year home equity loan at between $100,001 and $250,000.

He lists $14,034 in income from teaching at Florida International University and unspecified income for his wife, Jeanette, who has a consulting business JDR Events.

Rubio made between $1,001 and $15,000 for selling Terremark Worldwide Inc. stock on May 11, 2011.

What the disclosure does not show is the big payday that awaits the Florida Republican for his forthcoming book. That will show up in the 2012 report. Neither Rubio's office nor the publisher has revealed how much he'll earn but we hear it's a lot. Way more than enough to pay off those loans.

[Last modified: Tuesday, July 3, 2012 1:27pm]


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