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Saving £1645 At University


dann2707

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Afternoon!

Ok, i'll go into my situation briefly. I am currently studying a foundation year in Engineering at Sheffield Hallam Uni. However I am going to Huddersfield University in September to start my actual course which is Automotive Technology (the foundation year is a prep year for people who didn't do maths at A-level etc).

I have got my offer back saying I have a conditional offer that I need 260 UCAS points and a grade B in GCSE maths of which I have. They haven't mentioned anything about me passing my foundation year here at Sheff Hallam.

Right, i've just checked my Student Finance records and as people will know the Uni fees are paid in two installments, the second of which is the 4th of May. Now on their website the status for the second installment is sitting at "APPROVED" and not PAID like the others.

If I were to quit Uni now, would I be right in saying I wouldn't have to pay this sum? I'm so far behind with Uni after not turning up to lots of classes, no way am I going to pass certain modules after not being for 11 weeks to them. (not an exaggeration). Should I end it before this date in order not to pay £1645? As i'm in Uni this year anyway.

Not sure if this is how it works but yeah, thats the theory.

Cheers, Dan

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Well yer I think so, but bare in mind that money comes straight from the fees section of your loan so it's not like you'll see the money or anything. Make sure you speak to the finance department at your uni first though to make sure.

Oh and bunkings naughty.

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Oh and bare in mind you won't get the last installment of your loan, so in the short run will miss out on £1300 or whatever it is (but be up £2600 in the long run). And aren't you in halls? Won't they make you piss off?

Bet you're sick of helping me with my Uni quibbles. But thanks all the same :)

And it's been submitted, in fact I should get it tomorrow.

Regarding the Halls, i'm not actually sure! :/

Ask the finance office Dan, the ladies in there are mad helpful with this kinda thing.

Just sent them an email, I'll see what they say and report back.

Probably should have done that originally but everyone's usually dead helpful on here and can offer first hand experience.

Edited by dann2707
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With the possibility of coming across as an old man I would question whether university is right for you? University is not a ticket to a job (so many people forget this). It is particularly important nowadays to work as hard as possible (both in AND out of uni) to really shine above the rest.

Just my two cents as they say.

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I'm not sure, but you may well find that they ask for the grants you've been given back, or at least any related to the semester that you haven't completed. As you're given the grants, not loaned them this may end up making it much less worth while depending on what they ask for back. They also may ask for your student loans for this term back ASAP, rather than waiting till you're earning a certain amount.

I'm not sure on this, but when I dropped out of a foundation degree a couple of years ago they asked for pretty much everything other than the tuition fee loans back asap.

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I'm in a similar situation to paul, left at the end of the first year and they almost instantly started hitting me up for grant repayments, they actually (apparently anyway) consider the first year to end before the first day of the second year, grants and bursaries are supposed to cover you for the summer.

Make sure you're in the clear, student finance are relentless shits.

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In all fairness to them, when it came to repayment they were very easy going and understanding that i had zero money to give back to them at the time. They set up a very affordable £10 per month repayment scheme, although i ended up just paying the lot after i had some luck with selling crap on ebay :P

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Hi Dan

If you leave early we would charge a pro rata fee to student finance instead of the

Full £3290. As you have completed most of the 2010/11 year we would charge the

Majority of the £3290 to Student Finance, eg if you withdrew today we would charge

25 weeks tuition (out of 30 for the full year) so Student Finance would be charged approx

£2740 in total and you would then pay them back directly.

Regards

Andy Hall

Finance Assistant

Sales Ledger (Tuition Fees Team)

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