1. Short-Term Loans (for Immediate Needs)
• Purpose: Ideal for quick, interest-free help with expenses like books, travel, rent, or bills.
• Amount: Up to AUD 1,000 (no guarantor required) .
• Eligibility: Must be currently enrolled at the University. Ineligible if you’re on leave, under 18, in a cross-institutional program, or living overseas (except study abroad/exchange) .
• How to Apply:
1. Complete the online application form.
2. Provide your student ID.
3. Approval typically sent within five working days.
4. If approved, supply your bank details for disbursement.
5. Repayments via BPay—either in full or installments .
2. Long-Term Loans (for Larger, Unexpected Expenses)
• Purpose: Supports larger course-related or living costs (excluding tuition fees) like equipment, bond, etc.
• Amount: Up to AUD 5,000 with a guarantor, or up to AUD 3,000 if your guarantor isn’t an Australian resident .
• Eligibility: Same as short-term—must be a currently enrolled student, not on leave, etc. .
• Guarantor Requirements:
• Over 21, not a student, not your partner or roommate, not indebted to the University, and not receiving Centrelink .
• Repayment:
• If you’re not an Australian citizen/resident or your guarantor is overseas, you must repay before completing your course.
• If you’re a citizen or permanent resident, you may repay after graduating. Payments made via BPay .
• How to Apply:
1. Complete the online form.
2. Submit supporting documents: your student ID, plus identity, address, residency, and income proof for your guarantor .
3. Expect a decision within five working days.
4. Approved applicants receive loan contracts and repayment instructions .
3. International Students: Loans and Financial Aid Options
• Note: The University does not participate in US federal loans like FAFSA, but accepts US private loans (if you’re a US citizen or permanent resident) .
• Procedure for US borrowers:
• Apply via your chosen lender.
• Submit the University’s Private Loan Application Form to the Uni.
• After enrolment and loan eligibility are confirmed, the University calculates your Cost of Attendance and certifies the loan .
• Funds are disbursed—tuition is covered first, with any surplus transferred to your bank account .
• Students from other countries should explore loans or grants through their home government agencies (e.g., Canadian student loans, Norwegian Lånekassen, Swedish study aid) .
