Student Support
Short Term Loans
The aim of the loans scheme is to provide short term financial assistance to enable students to continue their studies.
Eligibility
Loans are available to HECS funded students who are currently enrolled at this University. Students also need to be Australian citizens or have permanent residence status, have a satisfactory academic record and the financial capacity to repay a loan.
Loans may be approved for....
- off campus accommodation (bond/rent)
- purchase of text books
- purchase of uniforms
- purchase of study equipment
- maintenance of vehicle (where required for course)
- travelling expenses (internship, practicum)
- some medical expenses
- living expenses eg food
- utilities
- other educational expenses as approved
Loans may not be approved for ...
- on campus accommodation
- payment of HECS
- holidays
- debt consolidation
- fines (University or other)
Loan guidelines
Loans are available for amounts of up to 5 times the full fortnightly Austudy/Youth Allowance ($1740.50 from 13/4/07). Loans are repaid in weekly or fortnightly instalments at the Cashier’s office. For more detailed loan guidelines see the Loans Officer at Student Services.
Applying for a loan
A student will first need to make an appointment with the Loans Officer in Student Services. The student will be required to complete an appropriate Loan Application form, together with providing supporting documentation of:
- Student identification card
- Photocopy of source of income eg Austudy or Youth Allowance letter from Centrelink which quotes your entitlement, bank statements showing regular deposits, a statement from your employer, or applicable pay slips, or a statement from your parents supporting any allowance paid to you.
- The account which is to be paid
- The signed guarantor form, if required.
Process of loan approval
- Loan is assessed (budget advice can be given on request).
- Loan repayments are negotiated
- The Loan Agreement is signed
- Loan approval is recommended and forwarded to Financial Services for final approval.
Payment to students
- Loans $100 and under will be arranged as quickly as possible.
- Cheques will be made payable to the organisation nominated by the applicant eg real estate agents, landlords, electricity commission and the Co-Op Bookshop.
- Cheques are usually available from the Cashier within one week.
- Cheques can be collected from the Cashier or, if it is more convenient and authorised by the student, the University can mail the cheque direct to the organisation nominated.
Loan repayments
If you cannot repay the loan (or the instalment) by the agreed date, it is essential that you contact Financial Services before that date, to negotiate repayment arrangements. Failure to do so may result in administrative/penalty charges, the withholding of your examination results and refusal or cancellation of your enrolment.
Loan application forms
Click to download the following forms (Word 7 Docs)
For further information please contact a Student Support Officer within the Division of Student Services.