Student Loan Encumbrance

1. When a student takes out a student loan, agreement is made that the student will not receive an official academic transcript or be permitted to graduate until the loan is repaid. A low level encumbrance which blocks access to graduation and transcripts is applied. This does NOT affect a student's access to library, computer services or other enrolment or results records.
2. If a student defaults on the loan repayment schedule, then the University will, after a reminder is issued, activate a higher level encumbrance which WILL block access to library, computer services, enrolment and results records.

Relevant Policy

Student loan fund regulations

To Lift an Encumbrance

1. The student must pay the outstanding instalment payments OR make the final payment.
2. Student Loans will remove the encumbrance when payment is received.
3. When payment is receipted by Monash University, it will take approximately 2-3 working days for a student's computer access to be reinstated. BPAY payments may take longer for Monash to receipt, this will delay restoration of access to services.