Student Loan question.

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katyafraisy
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#1
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Hi!

So recently I've gone through quite some hardships and trying to tackle depression, which has resulted in me being unable to write my exams. I am a first year and took a student loan.

I am quite confused about the student loan and was wondering if it is possible to get another student loan, imagine in a year time when I get better and want to reapply to university? And would failing to complete first year uni affect me getting accepted by other universities in the future?

Thank you to anyone who can help x
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ByEeek
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Give student finance a ring on 0300 100 0607, 8am to 8pm. I have found first thing in the morning to be the best time.

Good luck!
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jelly1000
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(Original post by katyafraisy)
Hi!

So recently I've gone through quite some hardships and trying to tackle depression, which has resulted in me being unable to write my exams. I am a first year and took a student loan.

I am quite confused about the student loan and was wondering if it is possible to get another student loan, imagine in a year time when I get better and want to reapply to university? And would failing to complete first year uni affect me getting accepted by other universities in the future?

Thank you to anyone who can help x
A few points to note:
1) Everyone gets a 'gift year' from student finance- an extra years entitlement incase you change your mind or drop out at some point in first year.
2) If you were a second year you could get back a years funding if you were to provide student finance evidence of your issues e.g. a doctors note
3) No it shouldn't- plenty of people drop out in 1st year and restart elsewhere.

Do bare in mind that student finance will likely expect you to pay back some of the maintainance loan (and grant if applicable) as the final installment is meant to cover up until September.
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katyafraisy
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(Original post by jelly1000)
A few points to note:
1) Everyone gets a 'gift year' from student finance- an extra years entitlement incase you change your mind or drop out at some point in first year.
2) If you were a second year you could get back a years funding if you were to provide student finance evidence of your issues e.g. a doctors note
3) No it shouldn't- plenty of people drop out in 1st year and restart elsewhere.

Do bare in mind that student finance will likely expect you to pay back some of the maintainance loan (and grant if applicable) as the final installment is meant to cover up until September.
Thank you for your reply, it makes me feel much better! And I never took a maintenance or grant so I'm fine in that area.
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jelly1000
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(Original post by katyafraisy)
Thank you for your reply, it makes me feel much better! And I never took a maintenance or grant so I'm fine in that area.
In that case you don't have to worry about repayments! Do be aware though that in future if you want to claim a maintainance loan (no grants now) this year still counts towards your entitlement. Wishing you a speedy recovery.
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