Quitting uni, do I need to pay student loan back?

Ok so I have just finished my first year, I should be starting 2nd year in September,
If I quit in early October, the SFE would have paid my uni for the student loan.

Will I need to pay all this loan back, when I quit?

Reply 1

rhian_lh

Original post by blank_smile

Ok so I have just finished my first year, I should be starting 2nd year in September,
If I quit in early October, the SFE would have paid my uni for the student loan.

Will I need to pay all this loan back, when I quit?

Yep, I quit in December of my first year and I've had to start paying it back straight away (even though I'm currently unemployed). They basically sent me a letter saying I had to pay it all back straight away, and so I rang and we worked out an amount that I can pay each month.

Reply 2

Scumbaggio

12

I have found that the student loan folk are not too aggressive about collection compared to council tax for example.

I only pay money back when I earn over a certain amount.

I'm surprised to hear about you having to pay money back when you only have unemployment benefit as income.

I would speak to the student finance people directly.

Reply 3

iLikeCupcakes

9

Yes of course you do. How come you didnt quit before October as you may have to pay that back too. Not sure how soon they want this though.

Reply 4

rhian_lh

Original post by Scumbaggio

I have found that the student loan folk are not too aggressive about collection compared to council tax for example.

I only pay money back when I earn over a certain amount.

I'm surprised to hear about you having to pay money back when you only have unemployment benefit as income.

I would speak to the student finance people directly.

They weren't aggressive with it but it was a bit like I didn't complete my end of the bargain (by completing uni) so they don't keep theirs. It's not that bad, when we discussed it I explained that I am unemployed and that I would be going to a different uni in the following year so I'm paying back £20 a month at the mo (£10 for maintenance and £10 for tuition fees). I can make one off payments on top of that as well if I want, if I can afford to at that particular time. They've been really good with it though and I didn't mean to make it sound like they were aggressive in my previous post :smile:

Quitting uni, do I need to pay student loan back?

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