There are two ways a scholarship or grant can be paid and this is outlined in the benefits section of your scholarship offer.
- direct payment into your bank account
- direct to your course fees (does not include the Student Services and Amenities Fee).
If your scholarship is based on a set yearly amount, you will be paid in two equal instalments unless indicated otherwise in your scholarship offer letter or terms and conditions.
One-off scholarship and grant payments will be made in April/Early May (for offers made in semester one) or in September (for offers made in semester two).
Students in receipt of the Monash Mentors Scholarship that withdraw from their Access Monash Mentor role, will be required to return their scholarship payment.
Payment to your bank account
- If you don't provide your bank details by the requested date, your scholarship will be terminated.
- Most payments are made by the end of April and end of September. Equity scholarships will be paid to some commencing students from late March, with the remainder of payments being finalised by the end of April.
- You will receive a confirmation email once the payment has been made.
Your payment date will depend on when the census date falls for your units.
Travel scholarships are paid in the payment date (as per below table) after either:
- You enrol in an overseas unit, or
- You submit evidence of your travel arrangements to CSU
|Unit census date||Payment date|
|Between 01 Jan and 15 Feb||Late January|
|Between 16 Feb and 30 Apr||Late April/May|
|Between 01 May and 30 Sep||Late September|
|Between 01 Oct and 31 Dec||Late December|
*All Exchange units (1-60) will be paid in January of the following year. This is due to the census date falling between the summer payment period.
*Full year units with a census date of 02 May 2022 will be paid in May.
Total scholarship value
When your scholarship is awarded, we calculate your total scholarship value based on the credit points required to complete your degree. This does not include advance standing. Your scholarship ends once you have been paid the total scholarship value. You can check the credit point requirement for your course in the University Handbook.
Example calculating total scholarship value: If you have a scholarship valued at $6000 for 48 credit points per year, and you take a course requiring 144 credit points to complete (three years full-time) the calculation will be (144 ÷ 48) × 6,000 = $18,000.
How payments are calculated
Your scholarship payments will be calculated according to the number of credit points you are enrolled in at the census dates.
- Your payment will be $2,250 if you are enrolled in 18 credit points (6000 ÷ 48) × 18
- Your payment will be $3,750 if you are enrolled in 30 credit points (6000 ÷ 48) × 30