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

blank_smile
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#1
Report Thread starter 7 years ago
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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?
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rhian_lh
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Report 7 years ago
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(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.
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Scumbaggio
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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.
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iLikeCupcakes
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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.
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rhian_lh
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(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
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