Publication date: 06 November 2017
When a student applies for student finance, the entitlement they’re assessed for is for the full academic year ahead. Payment is then made to the student in advance of each term to help with costs such as rent and living expenses.
However, if their circumstances change (such as taking a break in their studies, leaving their course, changing their course or university or there’s a change in their household income), these changes can lead to a reassessment of their student finance. If their entitlement to student finance is reduced, it can result in them being paid too much.
The overpaid amount is known as an overpayment.
You can find out more information about Grant and Loan Overpayments at Student Finance England.