Clare College Cambridge

College Policy on Student Debt

In a report of February 2014, the Office of Fair Trading ruled that sanctions for non-payment of debts should be proportionate. This implies that in general, academic sanctions should be reserved for academic debts; however, sanctions should also be quantitatively proportionate, that is, academic sanctions can be applied if the amount of non-academic debt is substantial.

If a student’s fees have not been settled in full by the time of graduation, the College will not permit the student to graduate.

In order to protect the interests of the College and of the student, the College will ask for fees and rents to be paid in advance. The Financial Tutor has authority to vary the pre-payment conditions according to the individual circumstances of the student, but the following guidelines will apply:

a)      For undergraduate fees and rents, the College requires prepayment of an academic term.

b)      Graduate students who are self-funding will be invoiced for the full year’s fees and rent in October, and are normally required to pay biannually.

c)      Graduate students who receive third-party funding will be treated on a case by case basis.

The College will send all new students a letter, to be signed and returned, confirming that they are aware of their liabilities, that they believe that they can cover them, and that they will pay any debts as they arise.

The College will contact all third-parties providing financial undertakings, and ask them to confirm that they have agreed to fund the student in question.

If by the time of graduation, a student has a significant outstanding debt to any College or University institution, Clare College reserves the right to refuse the student permission to graduate.

Any student wishing to appeal should refer to the Code of Practice for Student Complaints.