Student finance if dropping out
Hi I’m a second year student I haven’t completed second year but have started it I want to dropout and start a new course in a different uni and was wondering if student finance will still fund the 3 years of my new degree and if I have to pay anything back after dropping out this year?
Reply 1
Original post
by GeinomeHi I’m a second year student I haven’t completed second year but have started it I want to dropout and start a new course in a different uni and was wondering if student finance will still fund the 3 years of my new degree and if I have to pay anything back after dropping out this year?
I would expect funding for 2 out of 3 of the years for your new degree as student finance usually only covers three years of a degree plus one bonus year. You could reach out over email to student finance for further clarification. Some degrees if they are similar to your previous one allow you to start in second year but this can be rare.
Hope this helps,
Vee (kingson rep)
Reply 2
Original post
by GeinomeHi I’m a second year student I haven’t completed second year but have started it I want to dropout and start a new course in a different uni and was wondering if student finance will still fund the 3 years of my new degree and if I have to pay anything back after dropping out this year?
The way SF works is that you get your full funding + one gift year. Since you're in second year you've used up 2 years worth of tution. If you were on the 3 year course you currently have 2 year of tution left as (3 + 1), if you were on a 4 year course you currently have 3 years of funding left (4 + 1).
Reply 3
Geinome
OP
2
Original post
by Golden_RoofThe way SF works is that you get your full funding + one gift year. Since you're in second year you've used up 2 years worth of tution. If you were on the 3 year course you currently have 2 year of tution left as (3 + 1), if you were on a 4 year course you currently have 3 years of funding left (4 + 1).
Would u say it would be better for me to drop out end of the year to avoid overpayments or now? Will dropping out now save me some of this year money that could go into funding my 3rd year. Just for some context I am currently doing radiotherapy and wanna switch to dietitian.
Reply 4
Geinome
OP
2
Original post
by Kingston VeeI would expect funding for 2 out of 3 of the years for your new degree as student finance usually only covers three years of a degree plus one bonus year. You could reach out over email to student finance for further clarification. Some degrees if they are similar to your previous one allow you to start in second year but this can be rare.
Hope this helps,
Vee (kingson rep)
Hope this helps,
Vee (kingson rep)
Reply 5
Original post
by GeinomeWould u say it would be better for me to drop out end of the year to avoid overpayments or now? Will dropping out now save me some of this year money that could go into funding my 3rd year. Just for some context I am currently doing radiotherapy and wanna switch to dietitian.
When you drop out, SFE sends you an email confirming you dropped out and then ask for repayment. But they only to my knowledge ask for repayment of any maintenance loan you didn't use/shouldn't be entitled to. If you still have your maintenance loan I would drop out right now and just pay it back to them ASAP. But it really depends on what you want to do, if you dislike the course to the point of switching then do what you want to do. I'm not that fully qualified to speak about finances so ig wait till a forum helper replies to get you a more informed choice.
Original post
by GeinomeHi I’m a second year student I haven’t completed second year but have started it I want to dropout and start a new course in a different uni and was wondering if student finance will still fund the 3 years of my new degree and if I have to pay anything back after dropping out this year?
Original post
by GeinomeWould u say it would be better for me to drop out end of the year to avoid overpayments or now? Will dropping out now save me some of this year money that could go into funding my 3rd year. Just for some context I am currently doing radiotherapy and wanna switch to dietitian.
SFE classifies dietetics as an exception course for second degree funding so you would still be eligible for undergraduate funding (both the tuition fee and maintenance loans) for the duration of the new course despite your previous study. If you get your funding from SFW or SAAS, the rules are different.
You will only be liable for a maintenance loan overpayment if you withdraw before the end of a term. For example, if you withdraw 8 weeks into a 12-week term, you would need to pay back 4 weeks of your maintenance loan. Bear in mind that if you are living in student accommodation you will be liable for the rent for the rest of the contract unless you can find a replacement tenant.
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