What will happen to my maintenance loan if I drop out in January?

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spritemango
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#1
Report Thread starter 1 month ago
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I'm in my first year although I did a foundation year last year. I'm dropping out due to mental health problems - I feel severely unsupported by the uni- but I'm not sure whether to drop out now or wait until January so I can get my maintenance loan and then dip? I'm looking for full time work now but I know I won't be able to pay rent without the maintenance loan as cheeky as that is lol. What will happen to my maintenance loan if I drop out after I receive it? Will I have to pay it back instantly or will it just be added to my loan that i repay later?
Thanks )
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PQ
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#2
Your January instalment covers your study from January to April (ish). If you stop being a student in January then you aren’t entitled to that payment and SFE will ask you to repay that instalment asap.

It’s possible for your university to ask SFE to pay for 60 days funding after you withdraw if you leave due to mental illness. But that will only be around half of the January payment.

If you don’t have another source of funding to cover your rent then you will need to either find a replacement tenant/find out about cancelling your tenancy or stay as a student if you want to keep getting student finance.
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