Make sure you are aware of the potential implications for your student loans and other financial aid before you decide to transfer to a different school, change your major, or drop out of school entirely.

How much of the money that I paid toward my tuition do I have to give back?

The majority of students enrolled in undergraduate programmes are eligible to submit an application for a Tuition Fee Loan, which can be used to offset upfront tuition costs. The majority of students will not be able to completely repay their loan debt under the existing system of student finance because the debt is forgiven after a certain amount of time has passed.

Even while you will begin to accrue interest from the time you accept your very first loan, the total amount of debt you have racked up will, in fact, be forgiven at some point in the far future.

Having said that, you will have to pay money back once your earnings reach a particular threshold – for more information on repayments, check out our student finance advice for students in England, Scotland, Wales, or Northern Ireland. These guides are available on this page.

To what total amount does all of this amount? The following are the three payments that make up the total cost of tuition:

The first term requires a payment equal to 25 percent of the total annual tuition rates.
Two, a quarter of the total amount of the fees paid
Phase three: payment of fifty percent of the fees due

As soon as you withdraw from your programme (meaning that you have reached an agreement on an official leaving date with the relevant department at your university and have completed all of the required documentation), you will no longer be eligible for any student loans.

Should you decide to withdraw from the race early in the year, the odds are somewhat in your favour. If you quit school during the middle of a term, you are still responsible for paying the full tuition for that term. We are aware, however, that you may not always have influence over certain aspects of the situation.

If you withdraw from the institution before you are required to register for classes, you will not be charged any fees. As soon as you register for classes, the Student Loan Company (SLC) will request a payment equal to twenty-five percent of the first year’s tuition fees. This payment is due by the conclusion of the first term.

If you withdraw from your studies within the first year of your programme, the following is the amount of the tuition money that you will be responsible for repaying:

The Student Awards Agency Scotland (SAAS) is responsible for paying your tuition fees if you are a Scottish student attending a school in Scotland; as a result, you will not incur any tuition fee debt.

If you begin your class in September but drop out before the tuition fee deadline on December 1st, that academic year does not count toward your funded total. If you leave the programme after the cut-off date, your time there will be considered “prior study” when you apply for financing in the future.

When will I have to start making payments on the loan for my college expenses?

After dropping out of your class, you won’t be required to make another payment on your Tuition Fee Loan until the following April. You won’t have to start making payments on this until you’ve reached a particular income level (£25,725 in England), and even then, it’ll only be 9 percent of everything you make over that point. This is standard for all student loans.

Therefore, if your tuition fees in England are the maximum of £9,250 and you drop out of school in the middle of term two, you will still be required to repay two full terms’ worth of tuition fees, which comes out to approximately £4,600 to pay back.

The yearly membership dues can vary slightly from place to place within the United Kingdom. If you are from Wales and want to study in Northern Ireland, you will have to pay up to £4,160 per year in tuition fees. If you are from Northern Ireland and want to study in Wales, you will have to pay up to £9,000 per year in tuition fees.

After you have given notice that you will no longer be attending the university, you will not be required to pay any additional tuition costs for subsequent terms.

What percentage of the total amount of my loan do I have to pay back?

If you are a student in England and you drop out of a class, your eligibility for financial aid will be recalculated based on the number of days you attended classes prior to dropping out.

After the last day of attendance, there won’t be any more funds available for the majority of people.
In the event that you are awarded a bursary or grant, the possible financial hardship that may result from the cessation of student financing for the upcoming term will be taken into consideration.
When it comes to your student finances, you shouldn’t consider yourself lucky just because you’ve been paid more than you should have been.
If it turns out that you have been overpaid in any way, it will very certainly become public knowledge, and you will be required to make up the difference.

It is in your best interest to get in touch with your organisation and the financial body as soon as you have taken the choice to leave, and to be completely forthright about this. Doing so will help you prevent any complications that may arise.

The beginning of the financing year is on September 1 and ending on August 31. (except in your final year, where it ends on the date you officially finish).

You just need to do some basic math in order to determine how much money you are now eligible to receive. Let’s imagine that your last day of attendance falls somewhere around the middle of term two, and that you are eligible for the maximum maintenance loan for living away from home outside of London (£8,944):

150 days attended multiplied by the number of days in a year (£8,944) initial entitlement is equal to approximately $3,676 of the maintenance loan to which you are entitled.

Even if students from Scotland don’t have to pay tuition fees to attend school in Scotland, they still have to make payments on their maintenance loans.

How much money will you need each month to cover your expenses at the university? Utilize our student budget calculator to gain a general idea of the expenditures associated with maintaining your lifestyle.

Do I have to pay back any of the grants and bursaries that the university gave me?

There is a possibility that your university offered you extra funding opportunities, such as bursaries, scholarships, and grants, to which you were eligible.

Because this is something that is given out by the organisation itself, it is in your best interest to get in touch with them to find out what the next step is. It’s possible that this was covered in any paperwork that was sent to you when you were initially awarded this funding.

However, due to the fact that you are exempt from repaying the funds contributed to this pot, in most cases you are eligible to receive the money up to the day that you quit your job.

However, if you continue to get payments after you’ve formally quit your job, you’ll have to reimburse the company for those payments. Don’t give in to the urge to forget about it and go on a spending spree instead.

Do I have to continue making payments for my housing when I give up my job?

Whether you are living in university halls or renting from a private landlord, the amount of leftover accommodation fees that you are responsible for paying will be specified in your lease agreement.

University and private halls are referred to here.

The vast majority of students will have committed to a course of study for the duration of the academic year. You have consented to pay for your lodging for the entirety of that period, as the name of this agreement suggests.

The only two circumstances in which this is not the case are (1) when the rental agreement contains a break clause accompanied by a notice period, and (2) when the housing office of your university agrees to your early departure (in which case, you will probably need to find someone to replace you in your halls).

If you have a periodic agreement, often known as a month-to-month arrangement, which is not as prevalent, you will be required to give a written notice of at least 28 days before moving out of the rental property.

Private landlord

It is likely that if you are a student renting from a private landlord, you will have an assured shorthold lease.

The agreement will be comparable to the one described above for halls, with the exception that the fixed term will most likely be for a period of 12 months (or, if you’re lucky, six months). If you remain a tenant at the same location for an additional year, you may be offered a rolling lease instead of a fixed one.

Before you sign your lease, you should always review the contract to see what the terms are for getting out of the arrangement earlier than the end of your tenure.

If there is something that isn’t crystal clear to you, you can contact the housing office at your university to take a look at it and explain it to you.

It is possible that you will be required to pay the rent until the conclusion of the term if you withdraw from university. On the other hand, if you are successful in finding someone to occupy the vacant space, your landlord will very certainly allow the new tenant to assume responsibility for the remainder of your lease (although there may be admin fees to pay).

Therefore, it is most likely in your best interest to have a positive relationship with your landlord.

It is important to keep in mind that it may be difficult to locate someone to take your position in a house or flat-share in the middle of the term.

Can I submit a new application for student aid funding?

If you drop out of one of your courses, it is possible that this will affect your eligibility for financial aid in the future. You have the option of obtaining a Tuition Fee Loan for the entire duration of your programme, including the additional year that may be required (for just such scenarios).

If you decide to drop out of school after the first year, you should still be eligible for financial aid for another three years.

However, if you are in your second year or later, you may be required to pay for one or more years of your education out of your own pocket if you wish to continue your education with a following programme.

Even if you are paying for your education out of your own money, you may still be eligible for a Maintenance Loan; however, if you have been overpaid in the past, the amount that you owe will be subtracted from the amount that you are now entitled to receive.

If you haven’t already applied for a scholarship or bursary the first time around, you should seriously consider doing so in order to take advantage of this opportunity.

What else could I lose out on if I quit uni?

If you withdraw from your class or university, you will not only lose the money that was invested in it. There are numerous different ways to invest one’s own money.

The investment of time and effort

It’s likely that you’ve put in a good deal of work to get into university, such as preparing your personal statement and attending interviews as well as open days. If you are one of the fortunate people who went directly from high school to college, the bright side is that the majority of your life is still in front of you.

a fall in one’s income

You could find yourself wondering how much more money you could have made if you had worked or completed an apprenticeship while you were getting your degree. Students over the age of 21 who have dependents, such as children, are likely to experience the financial strain more acutely.


Giving up on any endeavour can be frustrating, not just for you but also potentially for the people closest to you, including friends and family, even though this is something that is beyond our control. When selecting what’s next for you, make an effort to keep your concentration and take everything you’ve learned from this experience into consideration.

If I decide to drop out of my class, what alternatives do I have?

Even if you change your mind and decide to drop out of the class, it won’t be the end of the world. You’ve got lots more possibilities.

Change course

It is possible to switch courses either within the same institution or to an entirely other one; however, this is not a certainty. You might be in luck if there is room available, the appropriate quantity of credits are presented, and the request is made as soon as feasible in the year. However, it will be extremely difficult for you to get into a competitive programme such as law or medical.

Try your hand at an internship.

You won’t be able to get out of the debt you’ve already racked up if you decide that college isn’t for you. A degree apprenticeship, on the other hand, will allow you to earn a degree without having to pay any tuition costs, which could help you pay off any remaining debt.

Additionally, you are able to bring in some money while you are gaining knowledge.

Get a job

Obtaining a degree is not the only path to success in the workforce that one can take. There are a significant number of open positions in the world that do not require candidates to hold a degree. It is just as valid to start at the bottom and work your way up in a company; doing so can provide you experience working in a wider variety of fields or departments within a same organisation.

If you are able to make an impression on the right individuals, there may be opportunities for you to receive more education or training that will help you fill in any gaps in your existing knowledge or abilities.

Take a gap year to see the world.

You have been continuously pursuing your education for well over a decade at this point. To take some time off in order to think things through would be a totally reasonable request (if you have the funds, that is).

You could work for three and a half months to save enough for a trip that lasts for six months, or you could work in a foreign country so that you may do both at the same time.


Volunteering is highly valued by prospective employers, making it an excellent opportunity to help others while while enhancing your resume at the same time.

You can create helpful connections and learn new skills by volunteering, which is especially beneficial if the work you do is in the same field or industry as the one in which you intend to pursue a career.