if you take out a student loan and then drop out of university do you get to keep the loan even though you dropped out
you don’t keep a loan even if you don’t drop out
you can keep the grant money you get given, and you can keep your overdraft, but it’s a bit pointless if you’re not paying £10000s to study
I’ve had practise at this so here goes.
If you drop out in the middle of the year you have to tell student loans how much the Uni want you to still pay in terms of tuition fees. This obvs has to be paid back but in the UK it’s only paid back once you’re earning above a certain threshold. You wouldn’t get anymore maintenence loan for that year, but would be liable for what you’ve already had.
If you drop out at the end of a year all you do is not re-register, so you pay back what you’ve already had (again, after you’re earning a certain amount) but you don’t get any more.
Grants and bursaries I don’t know about because I was never eligible for any.
