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.

Source: Pixabay

The Higher Education Loan Program (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.

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

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

Source: Sorbonne University

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.

Carpenter 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