For some people, starting off university is an exciting time, but, as with everything, it isn’t for everyone. In times gone by, it was accepted that if you didn’t want to go to university, you wouldn’t. Simple as that.
However, with certain jobs now demanding more from prospective employees and more course spots than ever, it has become an unrealistic expectation upon many people to attend university. As a result of this, many students will head to uni without necessarily wanting to go, and will soon be faced with the reality that they want to leave.
The first thing we should make clear is that this isn’t going to be chock full of clichés about the likes of Bill Gates, Steve Jobs and Mark Zuckerberg. Yes, yes, they all dropped out of uni, but to be frank, that doesn’t exactly help you. After all, if the whole point of the story is that they are drop-outs who succeeded, the message is that their success came as a surprise.
We’re here to tell you that this isn’t the case. University drop-outs don’t exist at the extremities of success, and knowing that we can’t all be billionaires, it’ll be a relief to hear that you can forge a wonderful path without a degree. First off, dropping out is far from rare, with statistics showing that some universities have a drop-out rate of up to one in five, meaning 20% of all students never make it beyond their first year.
What Should I Do If I Drop Out?
If you’ve decided to drop out of university, the first thing you should do is assess your other options. Given that you’ve decided that some form of higher education might be right for you, it’s worth considering that a different format may work better.
The best way to find a new path is to get in touch with people who can help you out. Explain your situation, what you feel you want to get out of a learning or working experience, and see if what they offer is right for you. This may come in the form of:
- A shorter course
- An apprenticeship
- A job
- Work experience
The most important point is to understand the aspect of university that made you want to leave. If it was because the pace of work was too slow, we’d recommend a short course like one of our Develop courses. If there was too much theory and not enough hands-on learning, you may find an apprenticeship or work experience suits you better. If you didn’t like the financial situation, an apprenticeship or a job may be the best route for you to take.
What Happens To My Student Loan If I Drop Out Of University?
You’ll still need to pay back the money you have used (both the tuition fee and the maintenance loan), but you don’t need to worry about paying back the entire fee. If you’ve only attended for a single term, you’ll probably owe a minimum of around £4,000 depending on how much your maintenance loan was, but importantly, you’ll only have to start paying it back once you start earning an annual salary over £25,725.
For more information on paying back your student loan after dropping out, check out this information from Save The Student.
Dropping out of university can seem like a monumental change, but the important thing to remember is that it’s far more common than you think. University isn’t right for everyone, so you shouldn’t force yourself into something that doesn’t work, and feel safe in the knowledge that there are plenty of other options.
If you want to learn more about your options after dropping out of university, speak to one of our advisers today!
CALL: 0333 050 4570