As title says, I was on the course for 2 weeks before informing them I was leaving and now Student Loans say I owe them an entire term's worth of repayments (£3,000). Why do I have to pay for something I didn't even do? Shouldn't I only be repaying 2 weeks worth of loan as that is all I did. Thats like filling your car up with a quarter tank of petrol and being charged for a whole tank's worth!
Turn on thread page Beta
Having to pay a term's worth of loan despite only being on course for 2 weeks? watch
- Thread Starter
- 29-10-2016 11:48
Offline2ReputationRep:Official TSR Representative
- Official TSR Representative
- 01-11-2016 15:17
When applying for your loan, you would have been asked to read the terms and conditions under which the loan was provided and would have had to tick to confirm you read this before proceeding with your application.
Section 4 of the guide guide to Terms and Conditions states:
If you’re a full-time student, you’ll become liable for a percentage of your Tuition Fee Loan at the start of each term. If you’re a part-time student who normally lives in England you’ll be liable for the first instalment of your Tuition Fee Loan after you’ve been on your course for two weeks. You’ll become liable for future instalments at the start of the second and third terms of your course, as shown in the table below. You’ll remain liable for this amount even if you withdraw, transfer or suspend your studies at a later date.
As a result of your withdrawal an assessment will be carried out and you will be assessed for the time you attended the course. This is determined by the start date and the withdrawal date confirmed by your University.
Your University will charge you the fees due for your first term (25% of the total) and if you have been overpaid following your re-assessment, then you are liable to repay any over-payment of Maintenance loan or grant, if applicable.
This is also confirmed in the declaration form you signed to receive your payments.
If you have any queries regarding this, please call us on 0300 100 0607 to allow us to access your account.