unused student loan

hi! hope everyone had a good summer.

i was just wondering that if i realise ive taken out too much money than i need for the maintenance loan, am i able to repay back the amount i havent used directly at the end of the year or even earlier with no troubles? or am i stuck with that amount.

thank you !

(edited 1 year ago)

Reply 1

normaw

Volunteer Section Leader, Clearing and Applications Advisor

Why do you think you will have too much maintenance loan? Most students will use all their loan and top up with earnings from part-time jobs. If you do have any spare, pick a good savings account and save for a house deposit, etc.

Reply 2

StriderHort

Some of the worst economic and cost of living conditions ever and you're going to complain about being 'stuck' with money.

Reply 3

PS Reviewer

As above - put it in a savings account. When you graduate or move out of halls you’ll likely need a deposit for a rental property and new clothes for work and possibly a season ticket for the train/bus or to buy a car.
Lots of future expenses to save for before you plan to repay your student loan.