Repaying SFE in monthly instalments for overpayment Watch

bloomer36
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Hi SFE, I'm currently repaying £10 a month for an overpayment I had as a result of dropping out of university. Now, I've applied for university and SFE again, and my overpayment from the first time has been deducted from my new maintenance loan amount. My question is, is it possible to just continue paying the £10 a month and get the normal maintenance loan come September?

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claireestelle
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(Original post by bloomer36)
Hi SFE, I'm currently repaying £10 a month for an overpayment I had as a result of dropping out of university. Now, I've applied for university and SFE again, and my overpayment from the first time has been deducted from my new maintenance loan amount. My question is, is it possible to just continue paying the £10 a month and get the normal maintenance loan come September?

Thanks
Sfe generally won't allow that I m afraid. You got an overdraft you could use?
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bloomer36
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(Original post by claireestelle)
Sfe generally won't allow that I m afraid. You got an overdraft you could use?
I will be applying for an overdraft. But could you tell me why you say SFE wouldn't allow that?

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claireestelle
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(Original post by bloomer36)
I will be applying for an overdraft. But could you tell me why you say SFE wouldn't allow that?

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They don't do new loans with existing debts.
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bloomer36
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(Original post by claireestelle)
They don't do new loans with existing debts.
But they already did. Was just wondering if I could get the full amount whilst continuing to pay off the existing debt
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SFE Erin N
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Hello,

We’d normally take an overpayment from any maintenance directly when calculating entitlement. Will this put you into financial hardship? We may be able to defer the overpayment to a later date if this is the case.

Thanks, Erin N.
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