Student loans In Australia

Student loans

What is it?

In addition to the flexible payment options for each AIE course, students may like to investigate the options available through various financial institutions across Australia. AIE is nationally accredited as a Registered Training Organisation and students enrolled in a full time course should qualify for most tertiary student loan packages.

Some packages that are available include:

National Australia Bank Tertiary Student Loan This loan package offers students deferred payment options for loan amounts up to $20 000. More information and application criteria can be found on theNAB website.

Commonwealth Bank Campus Loans

Low interest and deferred payment options are available through the Commonwealth Bank Campus Loan. More information and application criteria can be found on theCommBank website.

ANZ bank

ANZ has a range of loans available, including graduate loans. More information is available on theANZ website

Other financial institutions such asSt George, Citibank, ING Directand more may also have student loan packages available. AIE strongly encourages all students to look at various loan products before making a final decision. If at any time you need help regarding course fees or loan options, please don't hesitate tocontact us.

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Graduate Loan in Australia

Graduate Loan

An ANZ Graduate Loan could assist you to pay for that new car, upgrade your laptop or even take a well deserved holiday. No repayments are required for the first year of the loan! If you are a recent graduate with an offer letter for employment in your current field of study, and a permanent Australian resident, you could be eligible for an ANZ Graduate Loan. You need to apply within 6 months of your course completion and have not yet commenced the position stated in your letter of offer. No repayments are required for the first year of the loan.

Loan Features
Loan term	From 1 to 7 years
Minimum loan amount	$5,000
Maximum loan amount	No maximum loan amount set
Repayment frequency	No repayments required for the first year of the Graduate Loan.  (Interest and fees are accrued and debited to the loan during the 12-month repayment deferral period).
Additional repayments	You have the freedom to increase your repayments at any time.  This means you can choose to pay off your loan faster and save on interest costs1.
Redraw facility	Not available
ANZ Loan Protection (optional)2	Not available
Variable interest rate4	Interest rate from 14.09% p.a. Comparison rate3 from 17.21% p.a.
Fees and charges	Loan approval fee: $150, due when the loan is drawn down Loan administration charge: $30, charged every three months, for the previous three months

Download the ANZ Graduate Loan Application Form

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Education Loan In Australia.edu

Welcome to australia.edu

Educate yourself about Student Loans

Completing university is a very tough process. You must work hard and spending a lot of time studying, therefore you do not need the extra stress that lack of finances can bring. You are investing in your future with a university education and there is a lot of evidence which suggests that getting a degree will give you many job opportunities and the potential to earn much more during your career.

Fortunately, the Australian government and many banks offer various loan programs to assist you in your finances and supporting yourself during your university studies. A number of these programs allow you to defer your payments until you have graduated or completed your studies and some of the programs even defer the interest until you have completed your course of study. You need to assess all your options and your financial situation in order to pick the student loan that best fits you.

It is pretty easy to get a student loan. Lending institutions understand that most college students will probably not have a solid money situation or consistent stream of revenue; therefore the loans that you receive are based on your future income potential after your study. Some of the loan programs will require you to have a co signer or guarantor who will support the repayment terms if you are unable to pay it. The guarantor is typically a parent or guardian.

The best option for student loans are government programs because they typically offer the best loan repayment terms. The reason for this is because the government is not trying to make profits off of your loan as a bank would. If you receive a government student loan, repayments will not be necessary and you will not build up interest until you file a tax return that show that you are making over 40,000 dollars per year. This is the best type of government student loan because it gives you the lowest cost option for funding your study.

Not everyone is qualified to get a government student loan and even those that are qualified may notice that they are not given enough money to cover all of their educational expenses. These are the people who will need to dive into private student loans in order to cover their expenses. A bank or lending institution will offer you a student loan that is typically below the general personal loan, making it an appealing offer for most students.Furthermore, many of these programs will permit you to put off payment on the loan for some time, generally after you complete your study, and many times even longer than that. As a result, you are given time to enter the job market and begin your career without worrying about paying off your loans. The one down side to these loans is that you will be accruing interest starting from the date you take out the money and the amount of interest that piles up can be significant.

As a result, just a slight difference of a half of a percentage point could potentially make a large difference in the amount you will eventually be obliged for. It is strongly recommended that you do some research for the loans that will be the most suitable for you.

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