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Dropping out!! What happens with repayment of loans and bursaries?! Watch

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    Hey,
    I'm in my second year and realised the course is really not for me so I'm withdrawing from my course.
    However I'm worried as I have received a social work bursary, I've only received it for my first term, £1600 but as I'm dropping out after 1 month of being in year two I was wondering if anyone knew if I'd have to pay the full £1600 back to them immediately or if it'll be a little bit each month.
    And same with any student loans as I also receive a maintenance grant therefore I don't know whether I have to pay that back in full straight away as well!!
    Hope someone can help as I'm so stressed currently and can't find the answers anywhere
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    (Original post by Qhfekwicuvysv)
    Hey,
    I'm in my second year and realised the course is really not for me so I'm withdrawing from my course.
    However I'm worried as I have received a social work bursary, I've only received it for my first term, £1600 but as I'm dropping out after 1 month of being in year two I was wondering if anyone knew if I'd have to pay the full £1600 back to them immediately or if it'll be a little bit each month.
    And same with any student loans as I also receive a maintenance grant therefore I don't know whether I have to pay that back in full straight away as well!!
    Hope someone can help as I'm so stressed currently and can't find the answers anywhere
    Speak to your student support/student service team at your university. They should be able to help work out how much will be determined as "overpayment" and demanded back immediately.

    It might be best to delay withdrawing until Christmas if you are able to. That way your withdrawal wouldn't trigger any overpayment demands.
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    If it's an NHS bursary then they will recalculated your entitlement based on your actual attendance up to the point of withdrawal and send you a bill for the difference. Don't panic though - if you can't repay the overpayment immediately then they will accept sensible instalments to clear the debt.
 
 
 
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