Canceling student loan after being accepted for Compelling Personal Reasons' (CPR)

Hi there,

I am writing to ask a question regarding my situation.

Around a month ago, my Compelling Personal Reasons' (CPR) has been accepted, meaning that I will receive extra year of student finance (I would be studying 3rd year of university).

However, due to my unforeseen circumstances, there might be a situation where I won't be able to proceed and start my studies in September. For that reason, I wanted to ask:

- If my CPR has been accepted and I will apply for Student Finance, and a week before the start of my course I will get in touch with Student Finance to cancel my student finance (both maintenance & tuition loan), will I be able to apply for it and receive it the next year instead?

Thank you so much in advance.