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RE: How I Paid Off 30K in Student Loans in 1.5 Years After Graduating College

in #finance6 years ago

I managed to pay off my student loan but I put that down to being a complete "tight arse", getting lucky on the timing of going to Uni and capitalising on the interest rates being at 0% at the time so the amount never went up (finished Undergraduate days in 2008, just before recession hit).

I didn't do the knee thing although I did some knee slides in celebration so there's that :)

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Wow, zero?!? That's amazing!!! hahaha knee slides work, too!

I was having the conversation with my friends last weekend about student loans and we were saying how lucky we were to only be in no more than 10k debt max in our uni years.

The year after our courses started in 2005, the universities tripled the tuition fees to £3,000 then tripled them again a couple of years later! I certainly wouldn't say the education system increased 9 fold in the same time frame!

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Wow, tripled in just a couple of years is a lot!

I know, I feel sorry for anyone who wants to go to uni here in the UK because it's a 30 year debt effectively!

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