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Princess Katelyn

Wednesday, 13 Jun 2012 | 12:00 AM ET

Katelyn, who's 23, used her student loans for the essentials in life-like fabulous vacations and a nose job! With a high-end lifestyle and an entry-level income in advertising, her family turns to financial expert Gail Vaz-Oxlade to teach Katelyn things she didn't learn in university.