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    im 2 and a half years through a 4 year course, and i know i knowwww it will be a waste of time to quit now. But i literally can not carry on, i am failing everything. My decision isnt made up completely yet but it does look like i will be dropping out.

    If i drop out after i get my maintenance loan in a few days what will happen? will i pay it back in installments when i earn enough money or will they take it straight back off me in one go?

    Thanks
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    I don't think you have to pay anything back if you flunk the course, you only pay if you graduate

    Students don't repay, graduates do, but only if they earn £21,000+. You repay 9 per cent of everything earned above £21,000 starting the April after graduation (2017 for most). This £21,000 will rise from 2017. Those who never earn over it, never repay.
    http://www.telegraph.co.uk/education...udy-shows.html


    Hope this helped
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    (Original post by ThomasTE)
    im 2 and a half years through a 4 year course, and i know i knowwww it will be a waste of time to quit now. But i literally can not carry on, i am failing everything. My decision isnt made up completely yet but it does look like i will be dropping out.

    If i drop out after i get my maintenance loan in a few days what will happen? will i pay it back in installments when i earn enough money or will they take it straight back off me in one go?

    Thanks

    (Original post by Aero_aspirant)
    I don't think you have to pay anything back if you flunk the course, you only pay if you graduate



    http://www.telegraph.co.uk/education...udy-shows.html


    Hope this helped

    When do I start paying back the loan?
    You only start repaying your loan once you have left university or college and your income is above the threshold of £15,000 per year (£1,250 a month or £288 a week).
    You will have to start making repayments in
    the April after you finish or leave your course.


    From

    http://www.direct.gov.uk/prod_consum.../dg_194538.pdf
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    The above post is wrong. If you're 2 and a half years into a course i assume that you started before 12/13ay making you an old cohort student meaning you will enter repayment the year after you withdraw and start repaying when your level of income exceeds £15,000 a year.
 
 
 
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