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    Hey I'm in my first year of study and am planning on dropping out as I am not enjoying it here. The trouble Is, I'm currently 1k overdrawn in my Santander student account. I'm receiving student finance payment in 6 days that would put my account to -200. At the moment my parents would just about be able to pay back the 200 if it had to be payed instantly, however there would be absolutely no way of me paying back the 1k if it had to be payed pretty soon. The problem is, someone has told me that if I drop out right after getting payed by student finance wales, they will just take back the money they gave me on the 11th of April.

    I know this is not the best formatted question ever but I'm kinda stressing out.

    So the question is, shall I drop out before I get payed and then just have the 1k overdraft which I would not be able to pay, or risk waiting for the finance to knock it down to -200.

    Thank you.
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    (Original post by NJames97)
    Hey I'm in my first year of study and am planning on dropping out as I am not enjoying it here. The trouble Is, I'm currently 1k overdrawn in my Santander student account. I'm receiving student finance payment in 6 days that would put my account to -200. At the moment my parents would just about be able to pay back the 200 if it had to be payed instantly, however there would be absolutely no way of me paying back the 1k if it had to be payed pretty soon. The problem is, someone has told me that if I drop out right after getting payed by student finance wales, they will just take back the money they gave me on the 11th of April.

    I know this is not the best formatted question ever but I'm kinda stressing out.

    So the question is, shall I drop out before I get payed and then just have the 1k overdraft which I would not be able to pay, or risk waiting for the finance to knock it down to -200.

    Thank you.
    Student finance would expect the money back, however in some cases you can arrange a payment plan with them instead of giving it all back at once.
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    (Original post by claireestelle)
    Student finance would expect the money back, however in some cases you can arrange a payment plan with them instead of giving it all back at once.
    Thanks, the problem is not with them, its with repaying the 1k i owe to santander...
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    (Original post by NJames97)
    Thanks, the problem is not with them, its with repaying the 1k i owe to santander...
    You'll only know if you ask your branch really, graduates get a couple of years to pay back overdrafts but it could be different for leaving early.
 
 
 
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