There are only 2 ways listed of leaving a Way.
1: You burn out. p177 says that you must pay back any discounted powers, but you're allowed to keep the metamagics.
2: You are a Burnout and gain 2 Magic Rating points, keeping the benefits up until then.
I am not aware of any other ways of leaving a Way. But if the GM allows this for any reason, I'd follow the burn-out method: Keep the metamagics but pay back discounted powers as said on p177.