Loans and dropping out

[Mydumboears]

Hi,
DS is in his second year and has decided uni isn’t for him anymore so he wants to get a job instead.
When/if he drops out of uni, what happens with loans? Will he only pay the money back if he earns 25k and above? Or does that threshold only apply if you’ve graduated?
Thanks!

It will still be the same repayment terms - 9% of what he earns above 25k.

But if he wants to restart another course he’s used two years of funding so will have to find his first year of a new course by himself.

If he's quick he shouldn't incur any fee loan liability - he has two weeks from the first day of term.

Hope he is ok for dropping out without penalty for the second year. Where is he studying?

It's important that if he drops out, he does so before the deadline for this years' student finance. This would mean he has used only one year of student finance and would allow him to have full finance for another degree course in the future if he decides to do one.(there is one year leeway, you can get finance for one course plus one year)