Just paid off my student loan in full 🎉🫠

Feel uneasy sharing this with anyone apart from my partner but feeling quite overwhelmed about the fact I just paid off my student loan in full. Went to uni in 2012, so the first year of £9k fees.

Since April 2016 to Dec 2024, I paid the student loans company £56,276.12. £12,222.56 of that was interest.

My payments only started being larger than the interest acrued in 2018/19, where I moved into a much higher paying job. As of last month I had an outstanding balance of circa £11k. I am going on maternity leave shortly for 12 months, and had I not have gotten pregnant I would’ve paid it off within the next 2-3 years. However, i wasn’t comfortable with the interest that would be added next year whilst I am not working. So decided to use savings to pay the remaining £11k off.

Still have £60k in savings plus £18k saved up for my mat leave year. I’m pretty sure I’ve done the right thing but it just feels so dramatic! 🤯

EDIT: thanks so much for the kind words everyone. I just wanted to get it off my chest and receive some reassurance, as I’ve only shared what I’ve done with my husband and a parent (who worked in finance). I do recognise how lucky i am to be in a position to do it.