Student loans

If you need help with study-related expenses, talk to a student adviser at Monash Connect.

Eligibility

Both domestic and international students can apply for an interest-free loan if your financial situation affects your ability to continue studying.

You must be studying at an Australian campus. You are not eligible if you are on intermission (study leave).

What the money can be used for

We can lend you money to cover a wide range of study-related expenses such as books, computer, car, housing, etc. We will consider other legitimate expenses if your ability to continue studying is in jeopardy.

You cannot use these funds to pay your amenities or course fees, or visa charges for international students.

Loan types

Loan type Amount Maximum loan period Guarantor
Short-term Up to $750 Six months Not required
Long-term Up to $3,000 Twelve months Required

Repayments

We will work out a repayment schedule with you. You must repay the full amount of your loan by the time you finish your course or if you leave the University.

Application forms

Loan policy

Other loan options

Bond loan scheme

If you want to rent privately, most landlords will ask you to pay a bond. The Department of Human Services (DHS) provides interest-free loans to help people struggling to pay the bond. You cannot use the money for rent in advance or moving costs. For more information see DHS Bond Loan Scheme.

Bank loan

You could approach a bank and apply for a personal loan. You need to think about choosing a reputable lending institution, getting a good interest rate and whether you can afford the repayments. Talk to a student adviser first about your options.