Loans

OS-HELP loans

OS-HELP is a Commonwealth Government loan program. It provides financial assistance to eligible Commonwealth Supported Place students, to study some of their course overseas.
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.
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. 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.


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