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Dropping Out of MA Course - Student Loan repayment Watch

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    Hi guys,
    I enrolled on to a Masters course in September and will either be deferring for a year or withdrawing completely within the next couple of days.

    I received my second instalment of my student loan today (SFE loan) and as I will be leaving without any of the loan going towards the second semester course fee, I wanted to find out if I will have to pay this back immediately to student finance or if this taken out within the usual repayments?

    A masters loan is different to undergrad loan, it's not split in to maintenance and course loan/grant, it's just one lump sum that the course fees are taken out of and whatever's left is for living costs etc.

    Thanks!
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    (Original post by RoryJD)
    Hi guys,
    I enrolled on to a Masters course in September and will either be deferring for a year or withdrawing completely within the next couple of days.

    I received my second instalment of my student loan today (SFE loan) and as I will be leaving without any of the loan going towards the second semester course fee, I wanted to find out if I will have to pay this back immediately to student finance or if this taken out within the usual repayments?

    Thanks!
    most likely they'd want to paid back asap, if you'd struggle to pay it back look into having a payment plan with them.
 
 
 
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