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ºÚÁÏÍø´óÊÂ¼Ç student loans are typically offered up to a value of $1,500. However, a value of up to $4,000 may be accessed in exceptional circumstances. These loans must be repaid within six or 24 months (depending on the type of loan) or prior to degree completion (whichever comes first).

ºÚÁÏÍø´óÊÂ¼Ç student loans are offered for specific circumstances and should only be used for transactions that directly support your ability to complete your studies to a satisfactory level.

These could include:

• The cost of personal or medical expenses
• Study supplies, materials or equipment
• Course-related costs such as field trips
•  Accommodation or relocation costs
• Laptop/computer costs
• Other relevant costs (e.g. elite athlete program fees).

ºÚÁÏÍø´óÊÂ¼Ç student loans should not be used for:

• General living costs, if a student is receiving a scholarship that covers general living costs
• Repayment of existing debts or loans, except in cases of minimal debt (e.g. a small library fine) that may prevent the student’s continuation at ºÚÁÏÍø´óʼÇ. In these cases, the debt amount must be incorporated into the loan repayment arrangements and the student must agree to repay the debt immediately upon receipt of the loan.
• Repayment of tuition fees
• Luxury goods and services, such as jewellery and overseas travel
• Travel/health insurance costs
• Exchange program costs.