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This is monumental

(36 Posts)
SoThatHappened Mon 21-Mar-16 04:20:48

I have checked my student loan account. My last payment comes out this week.

Fuck. I've paid off my student debt.

hesterton Mon 21-Mar-16 04:24:14

Woo hoo! What are you going to do to celebrate?

SoThatHappened Mon 21-Mar-16 04:29:57

I borrowed that money when I was 18-21

I don't have anyone to celebrate with sad

I could take myself for a cocktail or a movie.

An extra £120 a month now too.

redcheck Mon 21-Mar-16 04:32:58

I don't think I'll ever be able to pay off my student loan.

hesterton Mon 21-Mar-16 04:33:13

Friend? Family? Work colleague?

Sorry you feel alone. I'll raise my early morning cuppa to you!

SoThatHappened Mon 21-Mar-16 04:40:37

Aw thanks hesterton smile

I could rope a friend in for a drink I guess.

Need to find someone to share my new wealth with.

ScottishSnowflake Mon 21-Mar-16 06:15:12

Sothathappened Make sure the SLC issue a stop notice otherwise you'll have the fun of trying to get any repayment back and the money still going out until the stop notice is received by your payroll.

Well done!!!

SoThatHappened Mon 21-Mar-16 06:19:58

I am a dinosaur. I pre-date paying it from earnings I am direct debit so when it has gone it has gone. smile

Also I start a new job with a decent pay rise in a couple of weeks. So with my loan paid off and my pay rise i have an additional £550 a month. Wonder what I should do with it.

ICJump Mon 21-Mar-16 06:23:51

I know I should say something sensible but if you saved two months you could take yourself on a holiday

SoThatHappened Mon 21-Mar-16 06:26:11

I think I will take myself on a holiday. I should have before the new job but maybe better to pass probation.

I feel too old to enjoy my money now. I didnt have nay money in my "youth".

tribpot Mon 21-Mar-16 06:27:35

Great timing - the end of the loan and the pay rise. I agree with ICJump - a holiday? Congratulations!

cozietoesie Mon 21-Mar-16 09:55:29

You could well find yourself so ingrained with habits of economy that you're not able to spend it.

Well done though. smile

OneMagnumisneverenough Mon 21-Mar-16 09:58:57

Woo hoo! Well done, that will be rid of a millstone then. How old are you (roughly) if you don't mind me asking? Just wondering how long my teenagers are going to have that debt when and if the head off to Uni.

SoThatHappened Mon 21-Mar-16 11:14:12

I am 37.

You're right. I feel too scared to spend anything still.

OneMagnumisneverenough Mon 21-Mar-16 11:20:20

Aww OP that's a fair bit of extra income with the job thing etc too. Honestly you will get used to spending it smile

In the meantime maybe think of something that you'd like to save up for so that if you don't spend the money and save it instead, at least you have a justifiable reason (in your head) for not spending it. i.e. would you like to move house/buy a car/travel/get a new kitchen?

LionsLedge Mon 21-Mar-16 11:24:32

Message withdrawn at poster's request.

SoThatHappened Mon 21-Mar-16 12:58:14

I dont have a car or a house. Always in too much debt to contemplate.

RandomMess Mon 21-Mar-16 13:03:30

I am an dinosaur, took out the original loans - still don't earn enough (quite) to have to start repaying them shock

cozietoesie Mon 21-Mar-16 13:03:39

Take a little breathing space then. It can make a huge difference to suddenly have 'surplus' income and there's no need to rush straight into spending. smile

cozietoesie Mon 21-Mar-16 13:06:36

PS - and after years of economy, you may well have a lot of 'moth-eared' stuff which you would prefer to renew ?

lorelei9 Mon 21-Mar-16 13:09:54

Id save mist of it
But how are you too old to enjoy it at 37? At 97 maybe....

BikeRunSki Mon 21-Mar-16 13:12:40

Awesome! Definitely a holiday. £6600 a year better off - that's about what we pay in mortgage.

SoThatHappened Mon 21-Mar-16 13:49:19

I just feel old. I dont know why.

Holiday is good...where should I go?

SoThatHappened Mon 21-Mar-16 13:49:38

Somewhere long distance.....

lorelei9 Mon 21-Mar-16 14:00:01

Do you actually want a holiday? Don't fancy saving for a house or flat?

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