If you are a domestic undergraduate student, you will be offered a Commonwealth Supported Place for your study. This means that the Australian Government pays for the cost of some of your degree, and you pay the rest in the form of a student contribution.
You can pay your student contribution in-full, partially or, if eligible, defer it completely through a HECS-HELP loan.
Full payment of your student contribution and partial payments of $500 or more, paid to the University before the census date, attract a discount of 10 per cent.
Eligible students who make partial payments or who choose not to pay will have any outstanding balances deferred to the Tax Office (ATO) via a HECS-HELP loan.
New Zealand citizens and Australian permanent resident visa holders do not receive a discount and are required to pay their student contribution in full to the University by the census date in each term of study.
To make uni more affordable, the Australian Government offers students a loan under the HECS Higher Education Loan Program (HECS-HELP) scheme.
This loan is available to Australian citizens and Australian permanent humanitarian visa holders enrolled in Commonwealth Supported Places.
You won't actually get the money - the government covers the cost of your contribution by paying the loan amount directly to the uni on your behalf.
How it works:
- As part of your enrolment you will need to complete a Commonwealth Assistance Form (eCAF).
- Supply the uni with your tax file number to enable the University to report your HELP loan to the Tax Office.
- When you start working and your income reaches a certain threshold, your HELP loan will be repaid each year through the taxation system.
- The amount you have to pay each year depends on how much you earn (from 4% to a maximum of 8% of your income).
If you defer part or all of your student contribution, compulsory repayments start when you are earning over $49,095 (this payment threshold is based on a 2012-13 income - income thresholds are adjusted annually).
SA-HELP is a loan scheme that assists eligible students to pay their Student Services and Amenities Fees.
If you are eligible, you can choose to defer all or part of the fee each year.
To receive a SA-HELP loan, you need to:
- Be an Australian citizen or hold a permanent humanitarian visa
- Be enrolled in a degree - non award students are not eligible for SA-HELP
- Complete a Commonwealth Assistance form for SA-HELP
- Provide your tax file number details to the University
You can take out a SA-HELP Loan if you do not have a HECS-HELP loan provided you meet all other eligibility criteria.
Support schemes are available from the Australian Government to help you continue your studies.
Specific criteria must be met to be eligible. Phone Centrelink on 13 24 90 for more info or visit the Department of Human Services website.
The HECS-HELP Benefit aims to encourage graduates of maths, science, education and nursing to take up employment in specified occupations, and to encourage early childhood education teachers working in specified locations.
Graduates need to apply for the benefit annually. It is not a cash payment but reduces your compulsory HELP repayment or accumulated HELP debt.
For more information visit the government website study assist.