[BennyBB]

Hi all,
Basically for a handful of reasons, I have decided I will not be returning to university for my 2nd year come September. However, I was wondering what happens to my loan/grant in this situation. I have heard of people having to pay back big amounts of their loan/grant payments as they have left university during term time. I have just received my April loan and the end of the first year is around 2 weeks into June. They say the loan is suppose to cover you for over the summer until September, however I will not be re-enrolling for my 2nd year. Will this be classed as an overpayment? Obviously the money I have just received is needed as i'm still a normal student, but come June, I don't plan to return in September. Any idea's if this will result in them demanding back money? I'm taking the money still being a student, so not really doing anything wrong. I assume thousands of student receive their 3rd installment but then don't return for their second year.
Thank you in advance.

[OU Student]

The loan and grant cover you for only your first year. If you finish this year and don't plan on returning, you've not been overpaid and would repay the loan the same way as everyone else will.

However, if you drop out now, you may end up with an overpayment.