Repaying maintenance loan
Sorry I’ve made so many posts about this , I’m just stressed!! So I’m dropping out of uni and reapplying next year. When I drop out of university I will have to repay back my maintenance loan immediately as I’m no longer a student, however my university made me pay 2 months worth of rent before I am able to leave. This means that I have spent £1360. I do not work. My mum is on low income. I have no way of paying back £1360 immediately. Is there any way around this? Will they let me make a payment plan where I pay a small amount per week?
Original post by nicolegrace1207
Sorry I’ve made so many posts about this , I’m just stressed!! So I’m dropping out of uni and reapplying next year. When I drop out of university I will have to repay back my maintenance loan immediately as I’m no longer a student, however my university made me pay 2 months worth of rent before I am able to leave. This means that I have spent £1360. I do not work. My mum is on low income. I have no way of paying back £1360 immediately. Is there any way around this? Will they let me make a payment plan where I pay a small amount per week?
Yes.
I am glad you are dropping out. It makes much more sense.
You can ask for a discretionary payment as well, which might let you keep some of the money. Check with Isaac that wont prejudice you.
Ask SFE Issac on tghe SFE forum about how they sort this out.
I expect if you do a breakdown of incomings and out goings, they should be fine. You should also enquire if you pay it all back , if you can recover your sfe entitlement for this year.
It is a tough choice to make but in your case its a smart one and staying would have been a complete waste. If you get stuck, then you may DM me.
Quick Reply
Related discussions
- Student Finance Advice
- Student loan repayment ?
- Student finance refund
- Student finance affect on students reapplying to a new university
- I want to drop out front uni after receiving first payment
- Is paying back maintenance loan same whether you get loan based on household...
- unused student loan
- Student loan repayments
- Owing student finance money
- Student loan
- As a uni student, how much is it normal to have saved?
- Does maintenance loan come out of your income when you repay it?
- Student Finance repayments
- Maintenance loan over payment
- Student finance
- Student finance after dropping out of uni
- do you still have to pay back ALL of maintenance loan if you don't use all of it?
- Dropping out of uni and reapplying
- If I drop out what is the process like of getting next years funding
- Dropping out of uni
Latest
Trending
Last reply 2 weeks ago
Can i receive student finance while on Universal credit and PIP?Posted 1 month ago
Student Finance ineligible, dubious reasons , re-evaluation and appealsLast reply 1 month ago
2024 applicants: do you understand how student finance works?Last reply 1 month ago
withdrawn from university due to non payment of tuition feesTrending
Last reply 2 weeks ago
Can i receive student finance while on Universal credit and PIP?Posted 1 month ago
Student Finance ineligible, dubious reasons , re-evaluation and appealsLast reply 1 month ago
2024 applicants: do you understand how student finance works?Last reply 1 month ago
withdrawn from university due to non payment of tuition fees
