Settlement Guide: 5 loans to assist students

In Australia, 90 per cent of eligible students take up a loan to pay for university study. The federal government administers different loans schemes to assist students with their fees.

Private college student debts wiped Source: Pixabay/Public Domain

The Higher Education Loan Programme (HELP) consists of five loan schemes:

1. HECS - HELP

is a loan scheme to help eligible Commonwealth supported students to pay their student contribution amounts through a loan.

Source: Australian Government

2. FEE - HELP

is a loan to help eligible fee paying students to pay their tuition fees.

Source: Jason James CC BY 2.1

3. SA - HELP

is a loan that assists eligible students to pay for all or part of their student services and amenities fee.

Source: AAP

4. OS - HELP

is a loan to help eligible Commonwealth supported students pay their overseas study expenses.

Source: Courtesy of Sorbonne

5. VET FEE - HELP

is a loan to help eligible students enrolled in higher-level vocational education and training courses at approved VET providers to pay their tuition fees.

Mid-adult man nailing in table Source: AAP

For more information about student loan schemes visit: 

http://studyassist.gov.au/sites/studyassist/helppayingmyfees

For more information about Australia's universities visit: 

www.universitiesaustralia.edu.au

Video: http://studyassist.gov.au/sites/studyassist/helpfulresources/pages/help-videos