Huzzah!

[andrewducker]

In 1990 I went to university - part of the first year to have student loans rather than full grants.

I just got the letter from the student loan company telling me the last of them has been paid off.

Slowly I rid myself of all my debts...

Comments

[channelpenguin.livejournal.com]

Nah, no way. You just have to make it a priority. Which makes life what some folks would see as extremely dull, but the longer you can scrooge it the better. Make up a list of what you spend, cut everything but food, rent/bills, academic supplies and transport - and economise as much as possible on those. Keep to it until out of debt and don't go there again.

Of course, if you are already doing this then my advice doesn't help.

In them days you got your tuition fees paid - I couldn't have afforded it nowadays, nor could my parents (We were right on the edge for getting a grant, got £800 one year nothing the rest, lived on my summer job money).

[rainstorm.livejournal.com]

I'm going to leave uni with approximately 20 grand of debt from student loans.

I'm going to be doing an art course, so when I come out I'm going to be skint for several years afterwards because I want to have my own studio if I possibly can, which will probably involve renting a fairly large place to make my own stuff. The materials for my chosen profession won't be cheap, and I probably won't break even for a long time. After that I won't be rich by any means and so I'll be paying off at a low rate (if at all) for a long, long time.

I really don't expect to pay off that much debt until I'm pretty old, possibly not until retirement age. I'm not being unrealistic, I just know that being an artist means being skint for most of the time, even if I do go into teaching or something part time.