{"id":12358,"date":"2023-07-06T05:56:36","date_gmt":"2023-07-06T05:56:36","guid":{"rendered":"https:\/\/www.theukrules.co.uk\/?page_id=12358"},"modified":"2023-09-08T04:30:29","modified_gmt":"2023-09-08T04:30:29","slug":"if-you-suspend-or-leave-your-course","status":"publish","type":"page","link":"https:\/\/www.theukrules.co.uk\/rules\/lifestyle\/education\/student-finance\/if-you-suspend-or-leave-your-course\/","title":{"rendered":"Student Finance If You Suspend Your Studies or Leave Early"},"content":{"rendered":"
It is best to discuss your intentions with the college or university before you suspend your studies or leave the course early.<\/p>\n
But, you will need to stop the payments you receive from your student loan if you do take a break or drop out of your course.<\/p>\n
You should be able to postpone the loan payments until you start studying again. Either way, you need to make any loan repayments<\/a> that are due to the SLC.<\/p>\n Note<\/strong>: In some cases, you can still get student finance payments even while you are away, such as if you are ill or pregnant (further details below).<\/p>\n Before withdrawing from your course, and stopping your loan payments, you must:<\/p>\n There is a different telephone number to use for students who are from Scotland, Wales, or Northern Ireland.<\/p>\n After informing your university or college, they will notify the provider of your student finance about the actual date that you finished your studies.<\/p>\n The next step is for the student finance provider to reassess your funding (based on the number of days that you attended the course). You would then get a letter confirming how much of the student loan you need to repay.<\/p>\n <\/p>\n <\/p>\n It is important to understand that repaying your student loan<\/a> is a requirement even if you suspend or leave your course before the finish date. But, you may not need to repay all the Tuition Fee Loan for the particular academic year that you are studying in.<\/p>\n So, how much Tuition Fee Loan would you need to pay back? It would depend on which of the academic years you decide to suspend or leave your course. Thus, you must pay back:<\/p>\n Note<\/strong>: You may need to pay back an extra Maintenance Loan payment if you fail to make, or delay making, the telephone call to stop your loan payments.<\/p>\n <\/p>\n <\/p>\n If you are overpaid you would need to pay back (both):<\/p>\n <\/p>\n <\/p>\n After receiving an overpayment, you would get a letter from the Student Loans Company (SLC). It would explain how much you were overpaid and how to repay the money.<\/p>\n The next step depends on whether you plan on returning to your studies (or not). If you do, they would usually deduct the amount that you were overpaid from your Maintenance Loan payments, once you go back.<\/p>\n So, what happens if you left your course altogether? In this case, you must start paying back any overpayments – without delay! The Student Loans Company would contact you to set up a repayment plan.<\/p>\n <\/p>\n <\/p>\n In some cases, you can still get your student finance payments – even while you are away from your course. As a rule, you would need to suspend it on serious personal grounds (e.g. being pregnant, having an illness, or due to a bereavement).<\/p>\n You could qualify for the Disabled Students’ Allowances (e.g. get help if you’re a student with a learning difficulty<\/a>, a health problem, or a disability).<\/p>\n Note<\/strong>: You would need to apply for funding following the set process for returning to study after taking time out for personal reasons<\/a>.<\/p>\n <\/p>\n <\/p>\n After suspending your course, you may get a Maintenance Loan for a period of sixty (60) days. Your college or university would need to inform the Student Loans Company (SLC) about your situation.<\/p>\n <\/p>\n <\/p>\n What if you are having some financial difficulties after the sixty day period? If so, check to see if you qualify for further payments by applying to Student Finance England<\/a>, and supplying them with:<\/p>\n\n
\nPaying Back Your Student Loan<\/h2>\n
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\nWhat If You Receive an Overpayment?<\/h2>\n
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\nPaying Back an Overpayment to the SLC<\/h3>\n
\nGetting Student Finance During Suspension of Studies<\/h2>\n
\nSuspension Due to Serious Illness or Pregnancy<\/h3>\n
\nApplying for Extra Money<\/h3>\n
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