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    I'm pretty deep into my overdraft but due to family problems I have to drop out and move to a university closer to home.

    I'm with Halifax - does anyone know if they'll know automatically and want my overdraft paid off straight away? Or do I have to notify them? Will I get in trouble if I don't do it straight away?
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    Nothing. Your uni will notify student finance that you've left and you'll owe them some money which will likely be repaid in monthly instalments, but they're very understanding, so if you can't afford to do so now, you'll be able to arrange repayments at a later date. As far as the bank goes, you'll be fine, you don't have to notify them nor will they be notified by anyone else.
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    (Original post by Zuki)
    Nothing. Your uni will notify student finance that you've left and you'll owe them some money which will likely be repaid in monthly instalments, but they're very understanding, so if you can't afford to do so now, you'll be able to arrange repayments at a later date. As far as the bank goes, you'll be fine, you don't have to notify them nor will they be notified by anyone else.
    Actually one of the terms of the halifax overdraft is that you put a certain amount in per term (I think its 500) which obviously is usually covered by the loan... they'll probably contact you to ask about it then change it to a standard overdraft which you'll need to pay for.
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    (Original post by Jackieox)
    Actually one of the terms of the halifax overdraft is that you put a certain amount in per term (I think its 500) which obviously is usually covered by the loan... they'll probably contact you to ask about it then change it to a standard overdraft which you'll need to pay for.
    Ahh, my fault. I never had this issue, but I'm with HSBC. Doesn't make sense, you're still a student regardless of loan/ grant, but I guess it depends with each bank
 
 
 
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