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.

Image: Student debt 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.

(Image: Study HELP - Australian Government)

 

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

(Image: The University of Sydney – 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.

(Image: Student amenities – AAP)

 

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

(Image: Sorbonne University – 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 fee.

(Image: Carpenter – 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