I'm considering/planning on leaving my course at the end of the first year to take up a job/apprenticeship.
I just wondered how this works in terms of repayment. Will I just pay back what I've borrowed in my first year when/if I earn over the threshold?
Thanks for any information
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Leaving course at end of first year - repayment? watch
- Thread Starter
- 12-01-2015 20:22
Mark Lee - SFE Official Adviser
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Offline2ReputationRep:Official TSR Representative
- Official TSR Representative
- 13-01-2015 11:42
As long as you finish the year then yes, your loans will just go into repayment the April following your last attendance on the course. So if you are earning above the threshold, deductions will start to be taken next April.
If you withdraw before the end of the year, you will have an over-payment which you will be asked to arrange repayment of immediately. If that's the case you just contact our collections department and they will set up a payment plan to pay back the amount you have been overpaid, but anything you were entitled to will enter repayment as normal.