If you need help with study-related expenses, talk to a Senior Officer at Monash Connect.
Both domestic and international students can apply for an interest-free loan.
To be eligible:
- you must be studying at an Australian campus, and
- your financial situation must be affecting your ability to continue studying.
You’re not eligible if you’re 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, laptops (to meet BYOD requirements), car expenses, housing, etc. We’ll consider other legitimate expenses if your ability to continue studying is in jeopardy.
You can't use these funds to pay your amenities or course fees, or visa charges for international students.
We’ll work with you to organise a repayment schedule. You must repay the full amount of your loan by the time you finish your course or if you leave the University.
You can pay your loan using BPAY or by mailing a cheque. Just make sure you allow enough time for the payment transfer – payments made on a Friday afternoon (online or by phone) don't reach us until the following Tuesday.
|BPAY (online or by phone)||Biller code: 172445|
Reference number: use your student ID
PO Box 197
Caulfield East, Victoria 3145
Non-payment or late payment of loans
If you fail to repay the loan by the due date, you may incur interest at a rate of 15.25%. You may also be encumbered (see student loan non-payment).
- Short-term loan (pdf, 0.08 mb)
- Long-term loan (pdf, 0.09 mb)
- Guarantee form (pdf, 0.06 mb)
- Banking details (pdf, 0.08 mb)
Other loan options
Bond loan scheme
If you want to rent privately, most landlords will ask you to pay a bond. Services Australia provides interest-free loans to help people struggling to pay the bond. You can’t use the money for rent in advance or moving costs.
For more information, see DHS Bond Loan Scheme.
You could apply to a bank 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. Before doing anything, talk to a Senior Officer at Monash Connect about your options.