If you are approved to receive an OS-HELP loan for your overseas study program, you can use it to pay for airfares, accommodation or other travel/study expenses.
The funds for OS-HELP loans are provided by the Department of Education, Skills and Employment.
Monash Abroad administers the funds and assesses student eligibility to receive an OS-HELP loan.
The amount you borrow will be added to your accumulated HELP debt and will be repayable under the same conditions as your HELP debt. You must read the OS-HELP Statement of terms and conditions before applying for an OS-HELP loan.
If you are eligible (you should be meeting all the loan eligibility criteria at the time of your application assessment) and wish to apply for an OS-HELP loan, please submit your application as per the relevant OS-HELP loan term deadline, even if you have not been accepted into your overseas program by that deadline.
Late loan applications are not accepted.
To be eligible for an OS-HELP loan you must:
- be an Australian citizen or hold an Australian permanent humanitarian visa.
Effective January 2016, New Zealand citizens who are Special Category Visa (SCV) holders and meet the requisite criteria, can also apply for an OS-HELP loan. Refer to FAQ 2976 for details.
- be enrolled in an undergraduate or postgraduate course of study at Monash as a Commonwealth supported place (CSP) student
(Diploma courses are not considered as eligible course of study for OS-HELP loan eligibility)
- be undertaking full-time study overseas according to the OS-HELP definition of full-time, which is different from the Monash definition*
- have your overseas study count towards the course requirements of the Monash course you are enrolled in
- have already completed at least 1.0 EFTSL (48 credit points) of the Monash course, for which you will be receiving credit for your overseas study
- on return from overseas, you must have at least 0.125 EFTSL (6 credit points) to complete for the Monash course, for which you will be receiving credit for your overseas study
- have been selected by Monash to receive an OS-HELP loan for a six-month period
- have not received more than one other OS-HELP loan including from another higher education provider
- have not received any other OS-HELP loan for a period that overlaps or coincides with the six-month period
- have not completed your overseas study before applying for the OS-HELP loan
*Full-time study for short-term international study programs
Monash Global Campus Intensives, Global Study Tours, Global Summer and Winter Programs and Global Work Integrated Learning and Placements are generally classified as short-term international study programs.
For short-term international study programs, (other than semester abroad programs and intercampus exchange programs) a full-time load is calculated by a formula, as advised by the Australian Government Department of Education and Training. This formula takes account of both - the credit points you will be attaining and the length of time of your overseas study. Travel dates to and from the study program are not included in the calculation. In general, the following are regarded as full time study loads for OS-HELP purposes:
- 24 credit points taken over no more than seventeen weeks of overseas study
- 18 credit points taken over no more than thirteen weeks of overseas study
- 12 credit points taken over no more than eight weeks of overseas study
- 6 credit points taken over no more than four weeks of overseas study
For semester abroad programs and inter campus exchange programs, your study period is considered full-time provided you receive 18-24 Monash credit points towards the Monash course for which you will receive credit for your overseas study.
If you are applying for a credit bearing overseas program and meet the OS-HELP loan eligibility requirements, you can apply for an OS-HELP loan. Your loan application will only be approved, if you meet all the loan eligibility requirements at the time of your loan application assessment.
Please submit your OS-HELP loan application online as per your overseas program commencement date and the relevant OS-HELP Term for that program commencement period.
Students going on semester length exchange programs should submit their loan applications by the application deadline of their OS-HELP Term as per the host institution start date. Loan applications will only be assessed after host university acceptance and enrolment in exchange units.
Students going on short term programs or study tours, should submit their loan applications by the application deadline of their OS-HELP Term, as per their overseas program start dates, even if they have not been accepted into their overseas programs by the loan application deadline.
If you are not approved for your applied overseas program, your loan application will be cancelled.
Late applications will not be accepted after the relevant OS-HELP Term deadline has passed.
There are six application deadlines in a 12 month period. The application deadline that applies to you, will depend on your overseas program commencement date. For guidance, below is a table listing the OS-HELP terms, the overseas program commencement period and the application deadlines you must apply by, associated with each term.
|OS-HELP Term||Overseas program commencement period||OS-HELP application deadline|
|Term 1||1 January to end February||15 November (of the previous year)|
|Term 2||1 March to 30 April||15 January|
|Term 3||1 May to 30 June||15 March|
|Term 4||1 July to 31 August||15 May|
|Term 5||1 September to 31 October||15 July|
|Term 6||1 November to 31 December||15 September|
[Note: This information is reviewed annually and may be subject to change]
Late applications will not be accepted.
Late applications are not accepted, therefore apply by the relevant OS-HELP Term deadline of your program.
If due to unforeseen circumstances, your financial situation got adversely affected after the the expiry of the relevant OS-HELP term deadline, and you wish to submit a late OS-HELP loan application after the term deadline -
you should email Monash Abroad, providing a reasonable explanation of your situation and the reason for not applying by the term deadline.
Monash Abroad will consider these late requests case by case and acceptance is not guaranteed.
You may be asked to provide evidence regarding any changes in your financial situation, for consideration of your late application.
If only we are able to accept your late application, we will contact you advising the late application submission process.
You can get an extra loan amount if you study Asian language in preparation for your overseas study in Asia.
The countries eligible for study in Asia are listed on StudyAssist.
To be eligible for a supplementary amount for Asian language study in relation to a six-month period you must:
- have been selected for OS-HELP for overseas study in Asia for that six-month period,
- be undertaking an Asian language study in preparation for your overseas study in Asia,
- have been selected by your provider to receive a supplementary amount for Asian language study, and
- have not yet completed the Asian language study before applying for the supplementary amount.
As a guide, the Asian language study may be considered appropriate preparation for your overseas study in Asia if:
- the language is spoken at your overseas study destination;
- the language study is at a suitable level, taking into account any prior study of the language you may have done; and/or
- the language study is aimed at either providing you with general language skills that will assist with living or travelling in your overseas study destination, or providing specialised language skills relevant to your overseas study.
In order to be assessed for a supplementary Asian language study loan, you must provide evidence of enrolling in the language study, the duration of your language study and the language course fees.
Types of Asian language study for which you may be able to receive a supplementary amount could include language subjects undertaken at an Australian or overseas higher education provider or other organisation on an award or non-award basis.
However, you will not be able to receive a supplementary amount if your Asian language study is part of a course of study for which you are receiving Commonwealth assistance for the cost of tuition (i.e. you are a Commonwealth supported student for those language units of study and/or you are using a HELP loan to pay for those units of study).
If you have received an OS-HELP loan for your first semester overseas study and want to apply a loan for your second semester overseas study, you need to note that a second OS-HELP loan can only be paid six months after the first OS-HELP loan start date.
You will submit your second OS-HELP loan application under the relevant OS-HELP term. For the assessment of this second loan, the time remaining for the completion of your second semester will also be considered, as an OS-HELP loan can not be paid after the completion of the overseas program.
For example: if you receive your first OS-HELP loan for an overseas program which commenced on the 2nd of March; your second loan can only commence on or after 2nd September. You would submit your second OS-HELP loan application under OS-HELP Term 5, by its application deadline of 15th July. Please note that a second loan will not be approved if your overseas study finishes too close to your second loan commencement date (which in this example, is the 2nd of September).
Your submitted OS-HELP loan application for a short term overseas program will only be assessed after -
you are Accepted and Enrolled by your faculty (in the relevant overseas unit) and
you are Registered with Monash Abroad for that overseas program.
Your submitted OS-HELP loan application for a semester length overseas program will only be assessed after your overseas program's MAP application status shows -
'Accepted and Enrolled by Faculty' (which will happen after you are 'Accepted by Host institution').
For credit based work integrated learning or self organised short term study programs, you may be required to provide the host institution acceptance letter, clearly stating your overseas program dates.
If you are approved and enrolled for the overseas program, your OS-HELP loan application will be assessed (as per the program start date) within two months of that OS-HELP loan application term deadline provided all the above noted assessment requirements have been met.
For example, if you submit your loan application for OS-HELP Term 2; you would be advised of your application outcome by no later than 15th March. [Applications for programs starting in March will be assessed earlier than for programs starting in April].
The OS-HELP funds available each year are limited, so loans may not be available to all students who apply.
If there are insufficient funds for all eligible applicants, Monash Abroad will select the students to receive loans by applying one or more of the following criteria:
- preference may be given to students who are participating in the Monash Abroad exchange or Intercampus exchange programs;
- students may be awarded loans of less than the amounts they applied for;
- loans may be awarded to students with the highest Weighted Average Marks (WAM);
- loans may be declined to students who are receiving scholarships, grants or other forms of financial assistance towards their overseas study;
- preference may be granted to students who have not previously received an OS-HELP loan;
- preference may be given to students who have previously applied and been assessed as eligible, but could not be granted loans because insufficient funds were available; and
- students who are encumbered will not be considered.
- If you want to change your applied loan amount after your application, you must write to Monash Abroad requesting the change.
- You may be permitted to change your loan amount provided your request is received before you have submitted your electronic Commonwealth assessment Form (eCAF).
- Requests to increase loan amounts will only be granted if Monash Abroad assesses that sufficient funds are available for all eligible students who apply in that calendar year.
- If you want to apply for an increase in the loan amount, you will be advised whether your request has been granted as soon as practicable, but it may not be possible to assess the availability of funds immediately.
- The OS-HELP loan can not be paid after your overseas program completion date.
- The granting of OS-HELP loans will not affect your eligibility for Monash Abroad travel grants.
- You may receive OS-HELP loans from both Monash and another Australian institution, but may only receive one loan in respect to any six month period of study and may not receive more than two loans during your lifetime.
- Whatever the actual period of full-time overseas study, only one loan may be granted for any six-month period of study.
- If you study overseas for two discrete periods, you may apply for a second loan. However, the decision whether to grant the second loan will be made no more than six weeks before the commencement of your second period of study.
- If you are already overseas, your application for a second loan may not be processed where there is less than 6 weeks of study remaining at the overseas institution.
- The second loan can only be paid six months after your first loan commencement date.
- The full terms and conditions of OS-HELP loans are set out in the OS-HELP Statement of Terms and Conditions published by the Department of Education, Skills and Employment.
All applicants will be notified of the result of their application by Monash Abroad, to their Monash student email address.
If your application is not successful, you will be advised of the reason for the non approval of your loan.
If your application is successful, your email offer will advise you of your approved loan amount and the process of completing your electronic Commonwealth Assessment Form (eCAF) by a certain deadline.
You will also receive another email from the government eCAF system, advising you to complete your eCAF and to finalise your OS-HELP loan.
This email will provide you with a passkey to sign in the eCAF system and to access your eCAF.
Your eCAF would have some data pre-filled by Monash University (e.g. your student and course details, your approved OS-HELP loan amount and the commencement date of your overseas program).
You will have to complete the remainder of the form, by providing your personal email address, Tax File Number (TFN) information and Unique Student Identifier (USI). From 1 January 2021, any students in a Commonwealth supported place (CSP) who applies for an OS-HELP loan will need to provide their Unique Student Identifier (USI).
Once you have completed and submitted your eCAF, a PDF receipt of your submitted eCAF will be sent to your personal email address, the email address you nominated when completing your eCAF.
After receiving your completed electronic Commonwealth Assessment Form (eCAF), your approved OS-HELP loan will be paid as a single electronic deposit into your nominated bank account normally about four weeks prior to the commencement date of your overseas program.
Please note even if you are departing for overseas early, the loan payment will still be timed as per your overseas program commencement date; not as per your overseas departure date.
A legally binding debt to the Commonwealth will be incurred at the time the loan is paid into your bank account, even if you do not proceed with the overseas study.
Monash Abroad may withdraw a loan offer before the loan has been paid into your bank account if:
- your circumstances change in a way that means you no longer meet the OS-HELP eligibility criteria;
- you have provided false or misleading information; and/or
- you will not, for any reason, be undertaking the overseas study.
Your OS-HELP debt is included in your accumulated HELP debt. You will repay your accumulated HELP debt through the taxation system, once your income is above the minimum threshold for compulsory repayments.
The loan cannot be repaid after it has been paid into your bank account, except via the HELP repayment procedures set out by the Australian Taxation Office. Following payment of the loan, you will receive a Commonwealth Assistance Notice confirming the amount of your debt.