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    I am in my first year of university and I want to drop out, how does this affect my finance? I want to drop out before the end of November 2017 and start at another university studying a different course as I do not enjoy the course I am studying right now and it is too hard for me. Does my university return my tuition loan that's been paid (around £2300) back to Student Finance England and then make me pay off the £2300 out of my own funds? I seek immediate advice and any advice is helpful! Thank you for reading.
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    (Original post by HHalves)
    I am in my first year of university and I want to drop out, how does this affect my finance? I want to drop out before the end of November 2017 and start at another university studying a different course as I do not enjoy the course I am studying right now and it is too hard for me. Does my university return my tuition loan that's been paid (around £2300) back to Student Finance England and then make me pay off the £2300 out of my own funds? I seek immediate advice and any advice is helpful! Thank you for reading.
    No, student finance have paid the tuition fee, and so you will continue to owe them. This will be repaid on the usual terms - so it will be taken directly from your wages when you earn over the threshold.

    You will be required to pay back some of the maintenance loan you have received. Student finance will recalculate your entitlement based on how long you were at uni, and this part will be repaid under the usual terms. But the extra you have received - for November and December - must be repaid straight away, although you can come to an agreement to pay in installments if you can't afford all of it at once.

    You are only entitled to student finance for one false start, so if you want to continue studying you have enough finance to complete a new degree. You will not have enough finance to drop out or change your mind again, so you must ensure the new degree is the correct one.
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    (Original post by HHalves)
    I am in my first year of university and I want to drop out, how does this affect my finance? I want to drop out before the end of November 2017 and start at another university studying a different course as I do not enjoy the course I am studying right now and it is too hard for me. Does my university return my tuition loan that's been paid (around £2300) back to Student Finance England and then make me pay off the £2300 out of my own funds? I seek immediate advice and any advice is helpful! Thank you for reading.
    Hi HHalves,

    Juno has given some excellent info regarding how Student Finance works. The next step is speaking to your personal tutor to let them know that you're thinking of dropping out. They may be able to provide you with some extra support or advice that may open your eyes to the different options available to you. Maybe there's an alternative course here that would be more suitable?

    However, if you still want to change course/uni after you speak with your personal tutor, I would advise going to speak to Student Services as soon as possible as they will be able to guide you through the process of withdrawing from your course.

    Hope this helps! Good luck with whatever you choose to do

    All the best,
    Ashley
 
 
 
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