Over a year ago, I wrote a blog post on how my student loan amount had decreased in the ten years since I finished university. My plan was to not revisit the subject on this blog for another 7 years until it was paid off (assuming I’m still updating it by then). However…
AS OF THIS WEEK I’VE NOW PAID OFF HALF OF MY STUDENT LOAN!!
It’s been almost 15 years since I started university and just under 10 and a half years since I started paying it off. I don’t have the exact numbers (because the website takes a few days to update) but I think I’ve now paid off £13,684.38, leaving me with around £13,371.67 to go.
The next half should take much less time to pay off because that’s how interest rates work and also my salary is higher than it was when I first started working. Assuming that things stay the same as currently (interest rate and salary), I reckon I only have another 6 years to go…
And if you missed my previous post on what else I could have spent £27,000 on, you should go read that too.