Today, after 5 years and £5000+, I paid off my student loan. Hooray!

[Taxloss]

Today's exchange rates, the original balance of my loan(s) amounts to about $10,000 American. I graduated before the Millennium, and have been paying it back at about $170 a month ever since (minus a short bout of unemployment post-graduation). I'm free, free!!!!!!

:bounce::bounce::bounce::bounce::bounce::bounce::bounce::bounce:

[CottonBear]

1. Congratulations!

I'm toasting you with a virtual pint of Yorkshire Bitter beer from a pub in Whitehall! :toast:

[Taxloss]

4. Cheers! The drinks are on debt-free me!

:toast:
:toast:
:toast:

[commander bunnypants]

2. damn

I treat mine like a second mortgage

CB

[Taxloss]

12. Oh, it'll pay off soon enough, just wait.

And they're cheap loans.

[Wat_Tyler]

3. I haven't touched mine.

I owe about 6000 quid from 1994-8. I've never earned enough to qualify for repayments.

[Taxloss]

5. Ha! That didn't stop them charging me!

"You don't earn enough" my friends said, "Get a deferment". But the SLC was adamant: I would pay. I started paying when I earned £19,000.

[Wat_Tyler]

6. Ah. I don't think I've ever earned more than $30,000 Cdn a year.

It would have to be about $45,000 before I'd have to make repayments.
I doubt I'll ever earn that, really.

[demnan]

7. This calls for a celebration!

I remember when I paid mine off, it was a great feeling! One great advantage too is that your credit history will benefit forever for this.

[Taxloss]

8. I've worked so hard.

It's nice to be able to get some rewards!

[WMliberal]

9. cheers!

:beer:

I'm at the other end... I just made my first payment in December. $270 down, $30000 to go!

[Taxloss]

10. After a while, you don't notice it. You just get used to it.

Then it's a matter of patience. Just wait. Keep earning, and wait.

[Chicago Democrat]

11. Hey, I thought college was paid for by the state in England?

Werent they just talking about charging now for the first time?

[Taxloss]

13. My education was free. And my accommodation was subsidised.

But my living expenses, I had to pay myself.

I was the penultimate year of free college education; I graduated in 1999, and those who graduated in 2001 paid for it.

What they're talking about now is top-up fees, which are a different matter and I shouldn't get started on.

[BurtWorm]

14. You lucky bosstid!

:toast:

Cheers!

[Taxloss]

15. Cheers!

:toast: