OS-HELP loans

OS-HELP is a Commonwealth Government loan program. It provides financial assistance to eligible Commonwealth Supported Place students, to undertake some of their study overseas. These loans will help students with a range of expenses, such as airfares, accommodation and other travel or study expenses.

The funds for OS-HELP loans are provided by the Department of Education and Training. Monash Abroad administers the funds and assess 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. Please refer to OS-HELP Statement of terms and conditions booklet, for up-to-date information.

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.

How much
(in 2020)

  • up to A$6,913 per six-month study period for study not in Asia
  • up to A$8,295 per six-month study period for study in Asia
  • supplementary A$1,104 to assist with the cost of language study, undertaken in preparation for overseas study in Asia

How many

  • one loan per six month study period
  • a maximum of two OS-HELP loans in your lifetime

Any fees

  • no fees and no interest accrued on loans