Uni Drop Out Student Finance Help Needed

YellowRooster

I hope someone can give me some advice on my situation? I've been at university for 4 weeks but I am going to have to drop out due to heatlh reasons. My problem is that a large portion of my student loan and grant was spent on paying for accomodation up front. Will Student Finance want all of this money back in one lump sum? Also, if I was to apply to university again some time in the future, would I be entitled to any loans or grants again or would Student Finance want me to have paid back the money in full from this time before they will loan me anymore money?

Lokolo

They would want grant paid back now. Loans will be paid back through the normal payback system.

You are allowed course length + 1 year, so droppping out in first year and repeating won't have any repercussions (unless you drop out again or have been in higher education before)

YellowRooster

Lokolo wrote: »

They would want grant paid back now. Loans will be paid back through the normal payback system.

You are allowed course length + 1 year, so droppping out in first year and repeating won't have any repercussions (unless you drop out again or have been in higher education before)

Thanks for the reply Lokolo,

So does this mean that I would repay the loan I've received when I'm earning over £15000, or would they need that back before I apply for another course say next year?
Sorry, I find Student Finance confusing!

Lokolo

YellowRooster wrote: »

Thanks for the reply Lokolo,

So does this mean that I would repay the loan I've received when I'm earning over £15000, or would they need that back before I apply for another course say next year?
Sorry, I find Student Finance confusing!

The loan just gets added to your total debt and paid as normal. Only grant would have to be paid back.