I withdrew around two weeks ago from university.
At the time of withdrawing, I was aware of the fact I would be repaying my bursary that I received. This obviously makes sense. All advice I saw online suggested my loan for the first term would be paid back in the usual way, when I am earning above £21,000. I phoned student finance about 10 days ago to see if this was the case, and a woman confirmed it was so.
Yet, yesterday I received a letter saying that I must pay back my loan amount for the first term ASAP, and if I do not, then this will with impact upon my future studies. I've logged in to my student finance account online, and I don't see this letter. I only see a letter about repaying my bursary.
Anyhow, I rung them and after a considerable amount on the phone and background whispering to the woman on the phone, they told me that it is correct I will be paying my loan back ASAP.
What do you suggest I do about this?
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"Loan overpayment" after withdrawing required to be paid back ASAP? watch
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Last edited by Sycorax; 13-11-2015 at 19:05.
- 13-11-2015 19:01
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- 13-11-2015 19:51
If you can't afford to pay back your loan ASAP, you need to sort out a repayment plan with them.