Original post by John B SFEHi Woeeee,
If you drop out of the year but are planning to return for your final year, the University will usually send a suspension notice to SFE, this will include the date of your last attendance. Your student finance will be reassessed, it will be calculated from the start of the academic year up until the date of your last attendance so you may have a small overpayment. As you're planning on returning to study, we wouldn't expect you to pay this back right away (though the option is there), it would be deducted from your future entitlement.
When applying for your final year, you'd just apply as normal. If you fail the year, there are no consequences in terms of funding, even if you had to repeat year, you're entitled to an additional year of funding so you could still receive full funding for the repeat year.
I hope this information helps.
Kind regards,
John.