Student Finance UK is a government organization created to provide financial aid in terms of grants and loans to more than one million students per year in England, Northern Ireland, Wales and Scotland. If you apply for Student Finance services you will be able to pay for your college or university fees and for living costs by borrowing money from this organisation. The repayment of the borrowed money will start once you will earn a certain amount and the monthly repayment rate will depend on your earnings; you need to know that there is an interest on the loan you take from the first day. If you are already a Student Finance customer and you want to cancel a loan or an application for a loan, then reading this article will help you to understand how to do it better and faster.
- Visit the Student Finance UK website
- Read the Help and the Frequently Asked Questions pages
- Contact the Student Finance UK Customer Service 0300 100 0607
You will find very useful the information included in this article, a piece of information written as a step-by-step guide that it will help you to cancel your Student Finance UK services. With each step you’ll take, you will be able to understand important things from animated images and screenshots taken from the Student Finance UK website, things that will help you to save time and money in the cancellation process. If you want to know more about this organization and the services it provides, please visit the Student Finance UK contact numbers page on our website.
Step 1 – Enter Main Student Finance Website
When you enter the main Student Finance UK website you will find the best source of information about how to cancel your application, a loan or a Student Finance UK maintenance loan.
- First, enter the main Student Finance UK Website
- Know exactly what type of application or loan you need to cancel
- Prepare some payment methods in the even you need to pay cancellation fees
Step 2 – Review Student Finance Cancellation Conditions
How to Change Student Finance UK Application
If you are a student from England and you want to change a Student Finance UK application, you have to login into your online account to be able to change your personal details like bank details or contact details. You can contact Student Finance England by phone at the end of this guide if your name changes, your household income changes also, your marital status changes or if your parents have more children.
When you want to change your university or your course and you are a full-time student, then you need to notify Student Finance UK that you have changed your university or your course by using your online account. If you are a part-time student in England, then you should contact Student Finance UK by phone at the end of this guide. If you did not tell Student Finance England about changes in circumstances, then you will need to return any overpayments.
How To Cancel Student Finance UK Loan
If you want to know how to be able to make a Student Finance UK Loan cancellation you should visit the Terms and Conditions page where you can read all the available circumstances. There are different situations when your loan can be cancelled and you will never have to pay it back; these circumstances include the unwanted situation that you may die before you pay the loan off or in the unwanted situation that you become disabled and unfit for work. There is also a possibility that your loan can be cancelled after a period of time depending on the rules at the time of you signing the loan and also if you are up to date with repayments.
How to Repay Your Student Loan
To repay your student loan means that you will have to pay back Tuition Fee Loans and Maintenance Loans, but in the same time, this means you don’t have to pay other student finance like grants and bursaries; however if you leave your course early, you will need to repay your student loan. There are two plans available to make repayments: Plan 1 is for English and Welsh students who started before September 2012 and also for all Scottish and Northern Irish students and you need to start repayments when you earn over £17,775; Plan 2 is for English and Welsh students who have started after September 2012 and you will start repaying when you will be able to earn over £21,000.
Step 3 – Student Finance UK Cancellation
When you login into your Student Finance UK online you will be able to see your applications, your loans and everything you need to know about Student Finance; you will be able to get in touch faster online with the Support team and send your enquiries. You can also change Student Finance UK application from your account, to do that simply click the register or login link and you will be able to access your account and add options or request cancellations. If you can’t make the cancellation of your Student Finance UK account online and you need help from the customer service team, then you should read the next paragraph to see the answer.
Step 4 – Contact Student Finance UK Customer Service Contact Number Helpline
As you could see from this article, it is not very complicated to make a change to your Student Finance UK application; however, a cancellation of your loan could be a very complicated task to do. In fact, to make changes to your application requires just a few steps like logging into your Student Finance account and then to look for your application and request the change. If you can’t make these changes to your account or you don’t know how to cancel Student Finance services and products, just get in touch with Student Finance UK phone number 0300 100 0607 and a member of the support team will be happy to assist you in the cancellation process with any other enquiry related to the services provided by this government organisation!