Six smart strategies to fund your Postgraduate journey
Embarking on postgraduate studies is a significant step, whether you're aiming for a career change or looking to advance in your current field. At the University of Newcastle, we understand that balancing work, life, and study commitments can be challenging. With this in mind, we've crafted six smart strategies to fund your postgraduate journey, giving you time to focus on the important things, and making it possible to pursue the career you really want.
Commonwealth supported places (CSP)
A key option for many of our postgraduate students is Government-subsidised support, commonly referred to as a Commonwealth supported place (CSP). This initiative significantly subsidises your tuition fees, easing the financial strain and allowing you to focus on what's important – your career and personal growth. Check if your chosen program offers this support via our fees and costs page.
FEE-HELP schemes: easing the financial load
For many postgraduate students, the Higher Education Loan Programme (HELP) offers a practical solution for managing tuition fees. These schemes allow you to defer your fees, easing the immediate financial burden. The deferred fees are managed through the Australian Taxation Office and become repayable once you reach a certain income threshold. More information on the Higher Education Loan Program (HELP) can be found at the Study Assist website.
Tax deductions for career-related studies
If your postgraduate degree is directly related to your current field of employment, your university fees may be tax-deductible. This benefit applies even if you choose to defer your payments using FEE-HELP. Consult the Australian Taxation Office website for a comprehensive breakdown of how this can benefit you.
Scholarships: unlocking opportunities
We believe that financial constraints shouldn't limit your academic ambitions. Our range of scholarships for postgraduate students are designed to support your academic journey. Use our scholarship search tool to explore opportunities that align with your goals, helping you make a change in your career.
Venture Mentor Service: fostering entrepreneurial success
As a postgraduate student at the University of Newcastle, you'll have access to our Venture Mentor Service (VMS). This free mentoring service is run by the University’s Integrated Innovation Network (I2N), and connects you with experienced mentors to guide your for-profit or non-profit venture journey. It's an opportunity to develop your entrepreneurial skills, gain insights from seasoned professionals, and enhance your venture's success.
Whether you're looking to start a new venture or grow an existing one, the essential mentorship and support offered by the VMS can help you save substantial resources and funds on your entrepreneurial journey.
Recognition of Prior Learning (RPL): reducing your study load
If you have qualifications or experience beyond the minimum entry requirements for a Masters Degree, you may be eligible for Recognition of Prior Learning (RPL). This can lead to a reduced number of courses required to complete your Masters, potentially saving you time and money. RPL pathways are outlined on the degree page for the relevant postgraduate program. Eligibility for RPL is usually assessed as part of your admission application, streamlining the process for you.
Empowering your journey
At the University of Newcastle, we're committed to supporting your aspirations, whether they're academically, professionally, or entrepreneurially driven. With flexible study options and comprehensive support systems, we make postgraduate study a viable and enriching experience for those balancing work and life commitments.
Are you ready to take the next step in your career journey? Join our vibrant community of forward-thinkers, innovators, and leaders. Apply now and become part of a university that not only supports your educational goals, but propels you towards achieving your ultimate career aspirations.
The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.