My student loan was paid in a few weeks ago and i have already spent a couple of hundred on uni essentials, however i have decided i don't like my course and want to change uni and course next year, which means i will be dropping out. Will i have to pay back the student loan money that i have spent immedialy, or will i only have to pay back when i am earning? thanks
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spend some student loan already but want to drop out watch
- Thread Starter
- 14-09-2015 12:48
- 14-09-2015 12:51
I think you will only have to pay back any grants .. how long has your term been going on for?
- 14-09-2015 14:32
How long have you been on the course? It's possible your university may allow you to transfer to another course at this stage. This would prevent you losing a whole year of student finance when you've only been there a few weeks. Which to be honest can become a problem down the line if you want to do a placement year or if you end up having to retake a year.
Though to answer your question I'm fairly certain only grants will need be paid back before the usual payback when earning.