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    Hi everyone.
    I finish my first year in May and after thinking about it a lot recently I'm not sure if I want to carry on my study after this 1st year. This is because I haven't fully enjoyed my time at Uni and even though I find my course really interesting and like it, I don't want to waste the next 2 years (or 6 years if I do a postgrad degree) on studying and working part time when I might just end up in a normal job anyway. I feel like I would rather earn money now so I can learn to drive, save up for a home and have days out and go away on weekends to see the world. What do you think?
    I was also wondering that if I do decide to leave after finishing my first year, will I be required to pay back any loans immediately or will I only have to pay them back after I'm earning over £21,000?
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    (Original post by BJadeE)
    Hi everyone.
    I finish my first year in May and after thinking about it a lot recently I'm not sure if I want to carry on my study after this 1st year. This is because I haven't fully enjoyed my time at Uni and even though I find my course really interesting and like it, I don't want to waste the next 2 years (or 6 years if I do a postgrad degree) on studying and working part time when I might just end up in a normal job anyway. I feel like I would rather earn money now so I can learn to drive, save up for a home and have days out and go away on weekends to see the world. What do you think?
    I was also wondering that if I do decide to leave after finishing my first year, will I be required to pay back any loans immediately or will I only have to pay them back after I'm earning over £21,000?
    I wrote this last week, I hope it helps

    http://www.thestudentroom.co.uk/cont...ead-this-first
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    (Original post by BJadeE)
    Hi everyone.
    I finish my first year in May and after thinking about it a lot recently I'm not sure if I want to carry on my study after this 1st year. This is because I haven't fully enjoyed my time at Uni and even though I find my course really interesting and like it, I don't want to waste the next 2 years (or 6 years if I do a postgrad degree) on studying and working part time when I might just end up in a normal job anyway. I feel like I would rather earn money now so I can learn to drive, save up for a home and have days out and go away on weekends to see the world. What do you think?
    I was also wondering that if I do decide to leave after finishing my first year, will I be required to pay back any loans immediately or will I only have to pay them back after I'm earning over £21,000?
    Depends on the timing. If you complete the academic year, then your Tuition Fee Loan will be entirely repayable in instalments once you reach the earnings threshold.

    Maintenance Loan/Grant is a little more awkward, as the third instalment is designed to partly fund you through the summer holiday. Any amount of your third payment which was calculated as supporting you after your official leaving date, would be repayable as a lump sum, immediately. The rest of your third installment (calculated as supporting you before your leaving date) along with all of your first and second instalments, would be repayable gradually once you reach the earnings threshold. For this reason, it's advisable to withdraw as near the start of your second year as you can, to minimise the amount you have to repay as an immediate lump sum.

    Usual health warning - check direct with SF before making any decisions.
 
 
 
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