Dropping out 20 February 2020 at 7:33PM in Student MoneySaving 2 replies 91 views

edps

My son is in his first year of uni in London and considering dropping out as he says London is too expensive; he then wants to take the year out (and work) to reapply for Sept 2021.  We think he can get out of his hall contract early so that would be okay.  He has already had his tuition fees paid for the year and two instalments of his maintenance loan.  How does that work for when he reapplies?  I assume that either he pays back the money he has received or ends up with no financial support in year 3?

Any thoughts or guidance gratefully received.

Thanks.

sheramber

https://www.savethestudent.org/student-finance/student-loan-drop-out-uni.html

silvercar

He would be entitled to one funding year longer than his course length. So if he is dropping out having only received one year's funding (or part of one year), he will be funded throughout the new course.
For this year he needs to officially drop out as near to the end of the term as possible, otherwise student loan company will want a repayment of the maintenance loan for the proportion of time he wasn't a student in this term.