Hi,
My name is Josh and I'll explain my situation.
I've been to university before for two years before dropping out (but this isn't relevant as I managed to appeal my student finance for another three-year course), but I'm not a first year again at another university in my hometown (Brighton).
Before I started the course in October, my maintenace loan and grant was given as £7197.40 - after looking at this figure, I decided to move out with two friends (one student, and one full-time worker) as I was able to work out that I could afford rent and utilities bills with my loan (£7197.40 / 12 = 599.78), and the flat we moved into costs me £476.66 a month, plus bills), so I have been working 20 hours a week in Tesco to cover my living cost which was absolutely fine.
As I knew I was getting £7197.40 each academic year, I moved out permanently so my new address is not a term-time address, but a permanent living address.
My old bedroom no longer exists, and I don't have the option of moving home (I'm 22 years-old anyway, so I was ready to move out permanently).
Anyway, this is what happened yesterday:
Since late November, my dad (who was previously retired), was given a great contracting opportunity and took it - in January, Student Finance asked for a reassessment so my dad was honest and put in his new salary.
I have just received a letter yesterday telling me that I will no longer receive a grant, and that my maintenance loan will be cut to £4805.40 (when previously it was around £1000 higher). This leaves me with £400.45 per month if I divided this equally throughout the year, but then I'll also be living here permanently through the summer months and it barely even touches my rent including bills.
Student Finance are also asking me to pay back £1952.00 as it was an "over-payment" (£976.00 paid to me on the 05/10/2015 and again on the 11/01/2016).
I have literally been completely stunned financially with his new estimate.
I have just been to see my student support officer at university, and they said they'll do what they can to help me.
The worst thing is, is that my parents do not subsidise for me and I've been financially independent since last September when I moved out. I also do not have a room to move back into, so I'm sitting here with literally no hope for the future, considering I love my course and I'm currently achieving 1:1 in every module, and plan to achieve this overall with my degree.
I just don't know what to do, and I literally have no idea.
Please, if anyone has any suggestions then post it here.
Thank you,
Josh
Edit: I also paid £1500.00 of my savings (leaving me with £45.30) to cover my deposit, agency fees, and first six weeks of rent - I literally have no money to even pay back this grant.
Also, my dad is on a temporary contract that can stop at anytime.