Leaving Course....can I take Jan installments first then leave??!

OMAR

I want to take my installment from Student Loans and Bursary then leave in Jan???? Am I aloud?, if the council say pay back....do I have to or can they just ad it to my Student Loan already??

di3004

OMAR wrote: »

I want to take my installment from Student Loans and Bursary then leave in Jan???? Am I aloud?, if the council say pay back....do I have to or can they just ad it to my Student Loan already??

Hi there

My son is in more or less the same position in this matter, he intended on doing a 2 year course, but completed only the one as he had the opportunity of a fairly good job when it came to the 2nd year, although he completed the first year, he was then told he would have to start repaying back some of the overpayment made as he was not returning for the 2nd year, not on the student loan but the "assembly grant", as they said even though he completed the first year, the grant was to take it to the 2nd year sort of thing.

I found this confusing to be honest and I do know regarding the student loan its repayable after a certain amount on the earnings, £15K rings the bell here.

I would contact Student support and see what they say hun, and to make sure there is no come backs later if you know what I mean.

This overpayment issue is still ongoing at the moment as we have requested for further information.

Also just to say there is also an actual Student thread on here somewhere, you may receive some useful info there.

Good luck and hope all works out well for you.;)

Di

Kavanne

You run the risk of them asking for your bursary back.

Ilian2008

What are the terms of the loan/bursary? I presume it is that you are using it to fund your continuing education? Are you? If not and you knowingly knew you would not comply with the terms then this could trigger repayment in itself. Its a bit like a consolidation loan where the condition is that you need to repay other borrowing. Failure to do so is a breach and triggers repayment

scotguy31

OMAR wrote: »

I want to take my installment from Student Loans and Bursary then leave in Jan???? Am I aloud?, if the council say pay back....do I have to or can they just ad it to my Student Loan already??

Am I reading this correctly or is everyone else seeing something I am not...

You want to take an installment of a Student Loan/Bursary for the coming year even though you have no intention to actually attend or complete the course itself ??

A lot of people need extra funds right now, and most will actually work to get them, not rip off the Gov't for an undeserved monetary figure... leave it for someone who is willing to complete a course they started.

obviously I do not know your exact circumstances, however, trying to claim this fund will not only put you further in debt but will also not be looked on too favourably by the fund management company !!

HRB

scotguy31 wrote: »

Am I reading this correctly or is everyone else seeing something I am not...

You want to take an installment of a Student Loan/Bursary for the coming year even though you have no intention to actually attend or complete the course itself ??

A lot of people need extra funds right now, and most will actually work to get them, not rip off the Gov't for an undeserved monetary figure... leave it for someone who is willing to complete a course they started.

obviously I do not know your exact circumstances, however, trying to claim this fund will not only put you further in debt but will also not be looked on too favourably by the fund management company !!

Thats exactly what I was going to put!! The loan is for you to complete your course and yet you want to take it and quit? Sounds very immoral to me.

OMAR

erm am already on the course.....and am leaving in Jan i think as i dont like it.....the sum comes on the 5th jan!

TechnoBadger

I'd let them know your true intentions before you take the money. Would anything other than this be just theft? Or immoral at the very least?

claire6hy

my college make you pay bck any bursary which was paid for the month you dropped out

Taiko

And you'll also find yourself owing the money back straight away. You're only entitled to money for the time you are in attendance, and your university will send a notification to your LEA confirming the exact date you last attended.

With an overpayment, the money is demanded back straight away.

PinkGrapefruit_2

The student loan will have to be paid back as normal, ie when you earn over 15k. In most cases they will want the busary back immediately.