Doctoral Loan and moving from full-time to part-time
Hi,
I am going to have to move from full-time to part-time study as of January. I began my MPil/PhD in September 2023, with the original end in 2026, so three years. Now, my end date will be in 2028. My doctoral loan was originally approx. £28,000, at roughly 3x £3,000 payments per year.
My question has to do with my payments going forward. As I have already received a payment this September 2024 of roughly £3,000 for full-time study, does this mean I will have been overpaid and will not receive a payment again this year?
Thanks in advance!
I am going to have to move from full-time to part-time study as of January. I began my MPil/PhD in September 2023, with the original end in 2026, so three years. Now, my end date will be in 2028. My doctoral loan was originally approx. £28,000, at roughly 3x £3,000 payments per year.
My question has to do with my payments going forward. As I have already received a payment this September 2024 of roughly £3,000 for full-time study, does this mean I will have been overpaid and will not receive a payment again this year?
Thanks in advance!
Reply 1
HI there. If you change to part time your payment schedule will change so that payments are paid over the duration of the part time course.
If you have already received a payment prior to making the change they may have an over-payment. However, you won't be required to pay this over-payment back as the payments over the duration of the course will resolve this.
If you have received your full entitlement and then changed to part time you won't receive any further funding because you will have already received the full entitlement. Thanks, Leah.
If you have already received a payment prior to making the change they may have an over-payment. However, you won't be required to pay this over-payment back as the payments over the duration of the course will resolve this.
If you have received your full entitlement and then changed to part time you won't receive any further funding because you will have already received the full entitlement. Thanks, Leah.
(edited 1 year ago)
Reply 2
gump980
OP
2
That's really helpful, thank you.
Would you be able to answer another question? Do I need to do anything if I change to part-time but on the same course, or will my uni do this for me?
Would you be able to answer another question? Do I need to do anything if I change to part-time but on the same course, or will my uni do this for me?
Reply 3
No problem. We do need the university to send us a change of circumstances. I would just check they have done this with us in case they forget. You would get a new letter out once we process the changes. Thanks, Leah.
Reply 4
gump980
OP
2
Apologies, one last question. If it made more sense for me to interrupt my studies until September 2025, what would happen then?
Reply 5
We would require the university to send us a suspension notice and your payments would pause. They would then need to let us know you have resumed next year and indicate the new end date of your course on the resumption notification.
Please note we don't fund any repeat periods. You're entitlement will pause and resume once you return. If you don't resume your studies within 2 years, we will require evidence of this for you to remain eligible (extenuating circumstances only.) Thanks, Leah.
Please note we don't fund any repeat periods. You're entitlement will pause and resume once you return. If you don't resume your studies within 2 years, we will require evidence of this for you to remain eligible (extenuating circumstances only.) Thanks, Leah.
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