Burger King to Give Away $250,000 for Student 'Whopper Loans'

Burger King is trying to help ease some minds and bank accounts. The fast food chain’s new “Whopper Loans” promotion is now in full effect, with Burger King promising to erase up to $250,000 total in student loan debt by June 6.

“65% of college graduates enter the world with student debt,” a Burger King spokesperson said, according to an article on Yahoo Finance. “BK App users can enter to win a chance at total student loan payoff.” After making (or not making) a purchase, app users are instructed to enter their total debt owed, then “cross your fingers.”

The article notes that borrowers owe more than $1.5 trillion in student debt, the highest in history.

"This is a nice gesture, and the students who benefit from it are very lucky,” Climb Credit CEO Angela Ceresnie told Yahoo Finance. “Millions of other students continue to take on heavy debt loads, and we need to shift the focus toward fixing the systematic problems that created this debt in the first place. If we don't change something, we'll be perpetually stuck playing catch up like we are now.”

Read the full article here.