2
After graduation: Students have a grace period of six months after graduation. By the end of this grace period, they are expected to provide the loan repayment team with an employment contract in order to determine the repayment option:
Repayment Option (monthly installments)
Graduates will pay back their loan by settlement of a percentage of their net income (after tax), payable in US Dollars on the agreed day of each month. Repayment plans will be renewed periodically according to the updated employment letters issued by employers to confirm the income.
Paid Service Option (dual option)
Graduates of Partner Universities and Hamad Bin Khalifa University can work for QF-SFS’s approved employers for a predetermined period in exchange for the loan value. The term of the obligated service under this option (the “Paid Service Option”) shall not be less than one year and does not exceed six years, varying according to the total amount of financial aid loan received by the student during their undergraduate years of studies. Paid Service plans will be renewed on a yearly basis or upon the expiry of employment, according to the notification/contract issued by their employers as explained in the table below:
* Classification of employer is based on official Commercial Registration issued by Qatari local authorities. ** Loan amount subject to repayment should be planned and agreed with the loan repayment team.
Amortized loan amount should follow the following structure:
Work Period Explanation
One Year
Two Years
If the total financial aid received by the Student under the Contract and all Prior Contracts (if any) shall be less than $27,000 of the tuition and other costs incurred, subject to the limitations set forth in Article 3.1.
If the total financial aid received by the Student under the Contract and all Prior Contracts (if any) shall be more than $27,000, but less than $55,000 of the tuition and other costs incurred, subject to the limitations set forth in Article 3.1.
Three Years
Four Years
If the total financial aid received by the Student under the Contract and all Prior Contracts (if any) shall be more than $55,000, but less than $82,000 of the tuition and other cost incurred, subject to the limitations set forth in Article 3.1.
If the total financial aid received by the Student under the Contract and all Prior Contracts (if any) shall be more than $82,000, but less than $110,000 of the tuition and other costs incurred, subject to the limitations set forth in Article 3.1.
Five Years
Six Years
If the total financial aid received by the Student under the Contract and all Prior Contracts (if any) shall be more than $110,000, but less than $137,000 of the tuition and other costs incurred, subject to the limitations set forth in Article 3.1.
If the total financial aid received by the Student under the Contract and all Prior Contracts (if any) shall be more than $137,000 of the tuition and other costs incurred, subject to the limitations set forth in Article 3.1.
Paid Service Plans are calculated based on continuous employment contracts, paid, and issued by a company from the approved company list released by the Student Financial Services at Qatar Foundation. During those plans, any unemployed period will be considered for a repayment plan via monthly installments.
Once the loan payer returns to employment at one of the approved companies, the remaining period of paid service option will be calculated based on the loan balance.
Table 2
Can students switch between the paid service option and the repayment option?
Students can switch between the two repayment types, however they have to inform the loan repayment team about changes occurring on their plans by writing to fao-repayment@qf.org.qa and provide supporting documents. Once approval is granted, plans can be switched.
What are the steps needed from the student’s side before graduation?
Before graduation date, students must, along with their guarantor, visit the loan repayment team in order to update their contact information and sign, in front of a loan repayment team member, the “Letter of Repayment” document. If guarantors do not reside in Qatar, the “Letter of Repayment” must be notarized in the guarantor’s home country before being submitted to the loan repayment team.
What are the steps to be carried out after graduation for repayment?
• Student Financial Services Office updates the approved companies list periodically.
• Graduates have a six month grace period after their graduation, during which they should inform the loan repayment team about their status, in order for them to start the repayment process. On due date, a reminder will be sent to the graduates, requesting them to provide an employment contract.
• Paid Service Option letters and repayment plans will be set according to the employment contract(s) submitted.
• Reminders will be sent to graduates, who are under the Paid Service Option, before the expiry date of their employment contracts in order to provide extension(s) or receive new employment contracts with an approved company to be able to renew the plan. Otherwise, the plan will be shifted to the Repayment Option.
• Being part of the Paid Service Option requires that employment contract(s) should be with the approved companies for the whole duration of the calculated period. In case the employment contract(s) are not continuous, the calculation for the new repayment plan will be prepared based on the remaining balance (Repayment Option).
What are the steps to be carried out by non-graduate students?
• The paid service option is not applicable for non-graduate students.
• Repayment plans are set for non-graduate students and their guarantors.
• Reminders of installments’ dates are sent to non-graduate students and their guarantors.
• Loan repayment team discusses all special cases to reach suitable repayment plans/solutions.
Can I start loan repayment while I am still studying?
• You may consider this opportunity and sign an early repayment plan while you are still studying. For that, please visit the loan repayment team to discuss possible plans.
How can I find out more details about the repayment of QF financial aid loan?
You can contact us in the following ways:
• Visit us at student Financial Services Office on the first floor of Multaqa, Suite 208.
• Office hours are SundayThursday 7:30am to 3:30pm
• e-mail us at fao-repayment@qf.org.qa
