The University of Sydney

The University of Sydney offers financial assistance to those who are eligible. There are 4 main types of direct loans available to those students that meet the criteria.

These are as follows:

1. Direct Subsidised Stafford
2. Direct Unsubsidised Stafford
3. Direct GradPLUS
4. Direct ParentPLUS

There are many factors that will influence the online loan application. In some cases, students may qualify to borrow the full cost of attendance (this is calculated as the tuition plus living expenses)

Medicine

If the student wants to study to be an MD (Medical Doctor) they may be eligible for Student Aid and should find out if they qualify.

Student loans

University can be very expensive and student loans can help alleviate some of the costs involved. Student loans can be used to pay for tuition, materials and equipment and other costs associated with the student’s educational needs.

• The Government offers HELP (Higher Education Loan Program) to help students pay for the cost of their tuition. These programs include HECS-HELP, FEE-HLP and SA-HELP.
• HECS-HELP - If you are in a Commonwealth-supported place you may qualify for HECS- HELP this means that you will be able to defer your part of the student contribution. The Australian Government will pay your portion and you will only need to pay back this amount through the Australian Taxation Office once you reach a certain salary bracket. Or you can opt to pay your student contribution early.
• FEE-HELP allows a domestic student the opportunity to borrow a fixed amount of money to help pay for their tuition, this amount will be added to your accumulated HELP debt.
• SA-HELP (Student Services and Amenities Fee) (SSAF) are available to students that are currently enrolled in the university to help them to pay for their tuition.

OS – HELP loans are available to those students that are studying and want to complete part of their studies overseas.

This allows students to fund a range of expenses through an OS – HELP loan which is like a personal loan that can be used for living expenses. The student will need to be currently studying and want to complete a course overseas. 

To qualify for an OS – HELP loan you will need:

• To be part of an approved exchange program
• You need to participate in an overseas professional placement (this could include clinical, industry or internship)
• You need to participate in a fieldwork program
• You need to take part in a program where you need academic-credit to complete your current course
• You need to be an Australian citizen

HELP Debt 

All HELP debt repayments are managed by the ATO, the student will be sent a statement to inform them of their HELP debt. The ATO will require your tax number and some of your personal information.

To keep track of your loan and your loan repayments you can login with CHESSN if you don’t know your CHESSN details you can get this information from your university.

VET student loans

VET student loans are offered to students who wish to study a certain course that address needs in the industry.

This helps to create employment and better opportunities for the student in the future. VET student loans can be used to pay for tuition and other education expenses.

To find out more about the courses that qualify for a VET student loan and the amount that you will qualify for by having a look at the list available on the website.