Student loan if drop out of uni - who has to repay

[Crunchyapp]

If a student drops out part way through their course is the Loan repayable immediately?

If they don’t have the money who has to repay it - is the debt held or are parents liable

With the loans, it will be treated as a standard student loan I believe - so repayable once earning over x amount per annum.

University bursaries I’m not sure about.

No the student if liable for the amount at that point to be paid off as if graduated. If they plan to resume there is a limit on how many years' loan is available.

If the student loan is from student finance england, then it is paid by the student when they earn above a specific threshold. The threshold is dependent upon which plan the student was on and is typically deducted at source (amount dependent on earnings) in the same way as tax.

Ok Thankyou just worried we would get hot with the bill !!

As others have said, it works as it always did, you pay it back once you earn over a certain amount. If you only have a very small loan you might want to pay it back early before the interest ramps up its not worth doing to the full loans but for a smaller amount it might be worth it.

The accommodation finances are likely to be the parents problem if they acted as guarantor my parents had to pay ££££ after my brother dropped out for MH issues.

I dropped out, and the loan was treated how it would be if I had graduated. It is still haunting me over 2 decades later. I will never pay it off.

My husband dropped out a term before the end of his degree due to mental health issues and he just pays back a % due to income the same as he would do if he’d finished.