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Thursday, August 6, 2009

HECS-HELP Student Loans

The Higher Education Commonwealth-Supported (HECS) refers to a course of study which the Australian government subsidizes majority of the cost; the student pays only his portion of the cost known as his "student contribution" to his education. A student can also avail of this type of loan from Commonwealth-supported places. In Australia, there are places of study the government subsidizes. A student from that place is eligible just the same. HECS-HELP (Higher Education Loan Programme) Student Loans aim to help eligible students defray the cost of their "student contribution". Avail: Eligibility is simple. Your course of study should be Commonwealth-supported.
FEE-HELP Student Loans FEE-HELP Student Loans are designed to help students defray the cost of their tuition, either in full or in part. A student can only borrow up to FEE-HELP's limit and over his lifetime. In 2006, a student can borrow a maximum of $50,950. This is FEE-HELP's lifetime limit. For undergraduate studies, a 20% loan fee is likewise charged. For courses of study that are not supported by the Australian government, the student pays full tuition fees. Avail: Eligibility requirements are more strident than HECS-HELP Loans. Fee-Paying student who desire to take up FEE-HELP, should meet ALL the requirements of the program, including residency and citizenship requirements.
OS-HELP The Overseas Study under the Higher Education Loan Programme is a loan program designed for undergraduates taking up overseas study. Only students who are Commonwealth-supported and who study in overseas-fee paying places are eligible.http://www.which-student-loan.com.au/government-sponsored-student-loans.html

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