Student loan payments for suspending undergraduates | University of Oxford
Suspended loan repayments
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Student loan payments for suspending undergraduates

Due to the way the Student Loans Company releases tuition fee loan payments to Higher Education institutions, should you suspend your studies at any point during your course, your Student Finance statement may not appear as expected.

This is because the University will not be able to collect your full funding in the year of suspension, so will collect the outstanding balance in the year of return. This is on top of the balance for the returning year.

This information only applies to Undergraduate Home/EU students who are in receipt of tuition fee support from the UK Government.

2016/17 Tuition Loan Payments

The Student Loans Company will pay the University your tuition fee loan in weighted instalments during each term. However, the University considers you liable to pay a third of the total annual tuition fee in each term.

Period of funding

% of tuition loan paid

% of tuition fee due

Term 125%33%*
Term 225%33%*
Term 350%33%*

(*where 33% refers to a full third of the annual fee)

As such, if you suspend before term 3 then your tuition loan will not fully cover the amount you are expected to pay.

Period of Funding

Tuition loan (if fee = £9000)

Tuition Fee Liability to Oxford (if fee = £9,000)

Term 1£2,250 (25%)£3,000 (33%*)
Term 2£2,250 (25%)£3,000 (33%*)
Term 3£4,500 (50%)£3,000 (33%*)

In the above example, if a student suspends after term 2, they owe the University £6,000 for tuition but will only be funded for £4,500. This leaves a balance of £1,500.

In order to prevent you having to pay the difference, we will ask the Student Loans Company for the shortfall upon your return to study.

Illustrative example one - Suspending in the 2015/16 academic year while paying the annual tuition fee of £9,000 and returning to study in the 2016/17 academic year where the annual tuition fee is £9,000.

In this example, a student is initially liable for the £9,000 fee. They are in attendance for 1st term (Michaelmas 2015) and suspend for 2nd and 3rd term (Hilary and Trinity term 2016). The student returns to their studies in Hilary term 2017 and continues to be liable for a tuition fee equivalent to £9,000 for the 2016/17 academic year.

2015/16

Period of Funding

Tuition loan (if annual fee without suspension = £9000)

Tuition Fee Liability to Oxford (if annual fee without suspension = £9,000)

Term 1£2,250£3,000
Term 2£0£0
Term 3£0£0

2016/17

Period of Funding

Tuition loan (if annual fee without suspension = £9,000)

Tuition Fee Liability to Oxford (if annual fee without suspension = £9,000)

Term 1£0£0
Term 2£2,250£3,000
Term 3£4,500£3,000
Total over both years£9,000£9,000

Illustrative example two - Suspending in the 2016/17 academic year while paying the annual tuition fee of £9,000 and returning to study in the 2017/18 academic year where the annual tuition fee is £9,250.

In this example, a student is initially liable for the £9,000 fee. They are in attendance for 1st term (Michaelmas 2016) and suspend for 2nd and 3rd term (Hilary and Trinity term 2017). The student returns to their studies in Hilary term 2018 and continues to be liable for the full tuition fee in the 2017/18 academic year.

2016/17

Period of Funding

Tuition loan (if annual fee without suspension = £9,000)

Tuition Fee Liability to Oxford (if annual fee without suspension = £9,000)

Term 1£2,250£3,000
Term 2£0£0
Term 3£0£0

2017/18

Period of Funding

Tuition loan (if annual fee without suspension = £9,250)

Tuition Fee Liability to Oxford (if annual fee without suspension = £9,250)

Term 1£0£0
Term 2£2,312.50£3,083.33
Term 3£4,604.16£3,083.33
Total over both years£9,166.66 £9,166.66

Resumption Change of Circumstance

When a student returns from a period of absence, the Student Fees and Funding Team will submit a Resumption Change of Circumstance form to the Student Loans Company. The Resumption Change of Circumstance confirms the student’s return date to the University and the amount of tuition fees the student would be liable for on their return (please refer to the above examples).

The Student Loans Company does not allow for future dates to be entered on a Resumption Change of Circumstance. As such, we cannot submit any Resumption Changes of Circumstance for a student’s return until the term commences. Moreover, it can take between 20 and 30 days for the Student Loans Company to process a Change of Circumstance once this has been submitted.Additionally there can be other factors which can cause a delay in the funding being released to the student/University:

  • Maximum Loan: if you have previously applied for the full year of funding before your suspension, in order for the University to collect the outstanding balance on your return please ensure that you also apply for the maximum loan amount on your student loan application in the year that you resume your studies.
  • Signed Declaration: when you apply for student loan funding you will be asked to return a declaration form via post. This declaration covers all of the student finance available for the academic year. By signing this declaration you are confirming that you have read the specific terms and conditions surrounding your loan application. Without returning the signed declaration form the loan is not fully approved and any tuition fee loan funding will not be paid to the University on your behalf. The Student Fees and Funding Team will also be unable to submit the necessary documents to confirm the student’s return to study which could also cause a delay in the release of maintenance funding/tuition fee funding.