University dropout turns his student loan into £30,000 a month

A university dropout from Camberwell says he used his student loan to earn tens of thousands of pounds a month playing the stock market.

Elijah Oyefeso went to the University of Buckingham to study business management but dropped out after successfully investing his student loan in stocks.

He now lives the high life in London, staying in a £5,000-a-month flat in Kensington. He also recently bought a £125,000 Mercedes GTS.

As well as expensive cars he has an extensive collection of watches including one from Cartier worth £21,000.

The 21-year-old appeared in Channel 4’s new programme ‘Rich Kids Go Shopping’ that follows how rich youngsters make and spend their money.

In the programme he claimed his income on a 'bad month' is between £20,000 and £30,000

He refused to reveal what he can earn when the going is good but said: “On a good month, I don't think I can tell you that.”

However he said he once lost £10,000 in a single day.

Mr Oyefeso is now hoping to build his brand, DCT Training Group, and is now helping others invest in stocks but his advice costs £107 a month.

'You want to leave a name when you're gone. Think about JP Morgan, the assets are worth 2.6 trillion. So that's a lot.”

The University dropout hit the headlines last year after he crashed his gold Lambourghini into a £60,000 Bentley.

He says he has a weakness for super cars, “When you're little you've got your ideal car, you've got your dream car. Some kids are like '"I want to get a Bugatti, I want to get a Ferrari."' But I got it. That was my dream, I worked for it, I got it”