Education Loan
Education Loan
Australia’s student loan system is known as the Higher Education Loan Program (HELP).
Unfortunately, HELP can only be accessed by Australian citizens or individuals who hold a
humanitarian visa. However, there are still lots of other student loans available for international students in Australia.
Universities across Australia provide loans for local and international students. Most institutions offer
both short-term and long-term loans; these can help students cover emergencies, as well as pay for bigger expenses.
International student loan schemes
You might be eligible to take out federal student loans in your home country to study in Australia. For example, students from the U.S., Canada, Sweden, Norway, or Denmark who attend the University of Sydney can access government funding from home.
Private Education loans
A private loan is one of the simplest forms of international student loans in Australia: you borrow money from a bank or similar lender and repay the loan (with interest) over an agreed-upon period of time. These loans can be secured – which means they’re tied to collateral – or unsecured. But with unsecured loans, interest rates are usually higher.
