Debt-free!

[fivemack]

I have just paid off my student loan. Mine was the first year that had loans, at a highly uncommercial interest rate; I let the loan mature for four years while I did a PhD, and started paying it off at £125 a month in about June 2003. Now I can switch that standing order into savings, so that I never see the extra money to feel that it's there to be spent.

I think tombee, to whom I sold in the second year of my PhD the computer which I bought with my second undergraduate year's student loan, threw it away about three years ago; hardware dies, but debt endures.

Comments

[beamjockey.livejournal.com]

Speaking of dead hardware, remember this?

"Remember, more computing power was thrown away last week than existed in the
world in 1982."

You have another version on a Web site.

What year are we up to now?

[lnr]

Um, you're younger than me, and I had student loans, in addition to a small amount of grant (in my first year anyway, after that I wasn't eligible). The interest rate was certainly un-commercial. I paid mine off last year.

[uisgebeatha.livejournal.com]

*cries*

I've just started to pay mine off; I think only about 50-odd quid comes off my wages, so looks like it'll be a while before I'm debt-free... :/

[hilarityallen.livejournal.com]

Congratulations! I shall feel unreasonably privileged that my parents thought it better for them to pay for my university education, rather than for me to be in debt.