Yeah, no way this is about money. Every sponsored video nets her a couple of grand at least, plus the ad revenue, plus the money she's saved over the years, then the passive income from rent on her cottage, all while paying no rent or major bills.
She eagerly burned tens of thousands to return to uni for her Masters despite no interest in studying anything, just for the ego boost of being able to finally brag that she went to Oxford. I don't think she's hurting for cash and will easily be able to pay for a PhD without funding if she chooses.
I think her withdrawing is equal parts:
A. She's clearly terrified of adulthood (not exactly surprising that the major topic of conversation with her therapist is apparently leaving childhood behind) so she pulled yet another gap year out of the hat to delay the real world as long as she could.
B. She didn't get the content mileage out of Oxford that she wanted. Considering that she only really wanted to go to Oxford so she could brag about it in videos and show off the DARK MACADAMIA environment, not having the time to make videos is a real problem. Like
@slamvs27 mentions, 4 years of that in a row would really throw a wrench in her channel.
If the only scant content she can make at Oxford is her looking miserable while moping around LOIBREEES in poorly-shot videos at what's supposed to be JANUINELY her dream uni, it's not exactly appealing. Worse still for her, it curbs her ability to pretend to be doing 8 billion things a day, which is the ego-boosting smoke-and-mirrors
tit she thrives on.
Contrast with this gap year, where she delightedly announces that she'll be juggling a 9-5 job, running a stationery company, making YEECHEEB VIDEEYOWWWS, various "PROJACKTS", her imaginary curriculum, writing, reading, etc. All fictional/wildly embellished, of course (she's still faking whole days of work as seen in her latest routine video) but it's the kind of "ANVY ME AS OIY DYEU MORE THAN YEU CAN!" fake productivity nonsense she can't go without for 4 years.
C. She clearly doesn't enjoy studying and actively avoids engaging with the learning process wherever possible, so studying at higher levels where she can't cheat as much or get Blakeney to do half the work really puts her through the ringer. She essentially admits as much in this video, but couches it with the usual "BOT OIY LOFF LAHRNING SYO VARRY MOCH AND AWSFWUD IS JANUINELY MOIY DREAM!" bull.
I'd give her credit for taking a gap year and focusing on growing up, getting some work experience and dipping her toe in the real world, but it doesn't seem like that's what she's doing. She'd have been far better off getting a real job with no ties to her old school or parents, something that might challenge her and not give her free rein to take as much time off as she wants.
Instead, she just went and got another "show up when you want" no-stakes, no-challenge nepo job at her old school again, where she can cosplay as a child in a school environment for yet another year. Just like her previous part-part-part-time classroom assistant's assistant's assistant role, it's not a real job, much as she seems to want to embellish it into one, and immersing herself in another childhood environment seems creepy and counter-productive.
And alongside that, she's just back to playing make-believe with fake school schedules and completely made-up accomplishments to brag about to gullible children while she slobs around her childhood bedroom for another year. This doesn't seen like smart decision-making or working on her mental health, it's just regression.