Paying for your education and funding your future

Understanding tuition fees

The cost of tertiary study depends on the institution, qualification level, and whether your course is government-subsidised. The main types of tuition fees include:

  • Commonwealth supported places (CSP): Subsidised university places where the government covers a significant portion of the tuition costs. Students are responsible for the remaining amount, known as the 'student contribution,' which can vary depending on the course. For instance, fields like medicine or law may have higher contributions compared to arts or education.
  • Full-fee places: Courses where students pay the entire tuition cost, commonly found in private institutions and some postgraduate programs.
  • TAFE and vocational education fees: Technical and Further Education (TAFE) institutions and other vocational education providers offer practical courses with fees that vary by state and institution. Some courses may be eligible for government subsidies, especially those in high-demand industries. Researching state-specific programs can uncover opportunities for reduced tuition costs.

To explore different study options, see picking the perfect institution.

Government loans and financial assistance

Several government loan programs help students cover tuition fees, including:

  • HECS-HELP: Available to students enrolled in CSPs, this program allows you to defer your student contribution until your income reaches a certain threshold. Repayments are then made through the tax system as a percentage of your income, ensuring that you only pay when financially capable.
  • FEE-HELP: Designed for students in full-fee-paying courses, FEE-HELP enables you to borrow up to a set limit to cover tuition fees. Similar to HECS-HELP, repayments commence once your income exceeds the repayment threshold. Be mindful of the loan limit and any associated fees.
  • VET Student Loans: This scheme assists students undertaking approved vocational education and training (VET) courses at the diploma level and above. Loan amounts are capped, and eligibility criteria apply, including course relevance and provider approval.

These loans ensure that students can focus on study without upfront financial burdens. If you are unsure whether you qualify, visit the relevant websites or explore accessing tertiary education for more details.

Scholarships and grants

Scholarships are an excellent way to reduce study costs. They are offered by universities, private organisations, and government programs. Common scholarship types include:

  • Merit-based scholarships: Awarded to students who demonstrate exceptional academic performance, leadership qualities, or community involvement. These scholarships not only provide financial relief but also enhance your resume.
  • Equity scholarships: Aimed at supporting students from disadvantaged backgrounds, including mature-age learners, Indigenous students, and those with disabilities. They help promote diversity and inclusion within educational institutions.
  • Industry-sponsored scholarships: Funded by businesses and professional associations, these scholarships support students entering specific fields. They often come with opportunities for internships or employment upon graduation, providing both financial aid and practical experience.

Scholarships often cover tuition fees, living expenses, or study materials. Use our scholarship search to find eligible options.

Living costs and budgeting

Beyond tuition fees, students must plan for everyday living expenses, including:

  • Rent or mortgage payments.
  • Utilities, internet, and mobile phone bills.
  • Transport costs (public transport, fuel, or parking fees).
  • Groceries, textbooks, and study materials.
Government support payments

Centrelink offers financial assistance to eligible students through programs such as:

  • Youth Allowance: For full-time students aged 16 to 24, offering fortnightly payments to assist with living costs. Eligibility is means-tested based on your income and assets. 
  • Austudy: Available to full-time students aged 25 and over, providing similar support to Youth Allowance. It also considers your financial situation to determine eligibility.
  • ABSTUDY: Tailored for Indigenous students, this program offers financial support for education-related expenses, including tuition, accommodation, and travel. 
  • Rent Assistance: Supplementary payments for those paying rent or boarding, helping to alleviate housing costs. This assistance is typically added to other Centrelink payments if you meet the criteria.

Eligibility depends on factors such as income, assets, and study load. Visit the Services Australia website for details or check accessing tertiary education for more information on support options.

Working while studying

Many mature-age students balance study with part-time or full-time work. Considerations include:

  • Choosing a flexible course structure to accommodate work hours.
  • Exploring student job boards and university career services.
  • Checking if your employer offers study leave or tuition reimbursement.