Settlement Guide: 5 loan schemes 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.

Source: Pixabay, Public Domain

The Higher Education Loan Program (HELP) consists of five loan schemes.

1. HECS-HELP

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

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2. FEE-HELP

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

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3. SA-HELP

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

Group of college students in circle, view from below Source: AAP

4. OS-HELP

OS-HELP is a loan to help eligible Commonwealth supported students pay their overseas study expenses

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5. VET FEE-HELP

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.

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For more information about student loan schemes head to the Study Assist website.

For more information about universities, head to Universities Australia.

 

The Australian Government Department of Education and Training have put together these helpful videos on how to be a savvy student.