ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles

Transcription

ASG’s How to Survive
Uni and TAFE 2013:
without living on two-minute noodles
Contents
Introduction
Income
Decision time ............................................................................................ 4
The value and benefits to you of further education ................... 5
About the author – Vince Callaghan ................................................ 6
Government support ............................................................................
Scholarship support ..............................................................................
Employment options for students ...................................................
Loans for students ..................................................................................
Budgeting – making your finances work
Budgeting for your course and living costs.................................... 8
Estimated annual post-secondary study costs.............................. 9
Budgeting template................................................................................ 12
29
33
35
36
Life as a uni and TAFE student
Getting help ............................................................................................. 38
Key websites ............................................................................................. 39
Frequently asked questions ................................................................ 41
Expenses
Course costs ..............................................................................................
Study-related costs..................................................................................
Accommodation costs ..........................................................................
Other day-to-day living costs .............................................................
16
22
24
27
Other information
Glossary of terms ....................................................................................
Reference list ............................................................................................
Index ............................................................................................................
About the Australian Scholarships Group (ASG) .........................
45
48
50
51
Disclaimer:
The information contained in this guide is for general information purposes only. The Australian Scholarships Group (ASG) has sought expert opinion in relation
to the information and made every effort to ensure the information is correct at the time of publication. While ASG makes every effort to keep the information
up to date and correct, it makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, or suitability of
the information contained for any individual or group. ASG is not a licensed provider of financial advice and encourages you to ensure that you seek professional
advice before making any changes to your own or your family’s circumstances.
ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles – Published 2013
ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles | www.asg.com.au
page | 2
Uni and TAFE 2013:
Introduction
Introduction
Decision time
Decision time
Should I or shouldn’t I? is a question many students face upon the
completion of Year 12. It’s a big question and a big decision – and one
that could be life changing, impacting your future employment and
earning-capacity.
Research shows that students who gain post-secondary qualifications are
more likely to experience higher wages (research from NATSEM indicates
up to $1.5 million more over the course of a lifetime), better working
conditions, and less chance of being unemployed. If they do become
unemployed, they are more likely to find a new job faster than their less
qualified colleagues.
It’s not just the individual who benefits from a post-secondary
qualification. The community also benefits through greater productivity,
higher participation of skilled young people entering the workforce and
ultimately, more prosperity within the community.
In fact, the Australian Government aims to push up the proportion of
young adults with degrees from the current 32 per cent to 40 per cent
by 2025.
Having made the decision to study at the post-secondary level, you
and your family face a number of questions to work through. These will
often include questions like: What would you like to study? What courses
are available to you? What will the course cost? What are the day-to-day
living costs of a student? In other words, can you survive university or
TAFE without living on two-minute noodles?
ASG’s How to Survive Uni and TAFE 2013: without living on two-minute
noodles aims to provide you and your family with the most relevant, and
up to date information on the benefits and costs of studying after Year 12.
It also provides you with some great tips and helpful resources to support
you and your family as you navigate your way through this important, and
very exciting time.
The Australian Scholarships Group (ASG) wishes every student success
in their studies and their future careers, and commends the parents who
have provided education opportunities for their children.
noodles will help you and your family explore the issues and costs
associated with post-secondary study in Australia. Study options include
tertiary (university), vocational education (TAFE) and various courses
offered through private education providers.
page | 4
Introduction
The value and benefits to you of further education
The value and benefits to you of further education
There are many education and training options in Australia for you as
a school leaver. In both the university and Vocational Education and
Training (VET) sectors, your course choices are almost limitless.
You may choose to study at a university but make sure you investigate
all the options available to you. There are increasing numbers of students
opting for a VET course through TAFE Institutes, Registered Private
Providers or Community Training Organisations.
Choosing to go on to further study after secondary school is a smart
decision. The benefits of further study to you, your future and the nation,
are significant. If you complete a degree, diploma, or certificate course,
you can look forward to more fulfilling employment options and
career prospects.
By completing a university or VET course, you will develop a host of skills,
many of which are highly valued by potential employers. Research has
also shown that a tertiary qualification will also significantly increase your
lifelong earning capacity.
Although this guide focuses on the cost of going on to further education,
it is important to balance those costs against the overall lifelong value
that further education will bring to you.
page | 5
Introduction
About the author – Vince Callaghan
About the author – Vince Callaghan
Vince Callaghan, author of ASG’s How to Survive Uni and TAFE 2013:
without living on two-minute noodles has worked in Australia’s
post-secondary education sector since the 1970s.
His career began as a university tutor before the areas of student services
and support gained his interest. Soon after, Vince became acutely aware
that some students’ financial difficulties disadvantaged their participation
in further education and Vince has worked to assist students ever since.
His career has spanned working with universities and colleges across the
country, including the University of Western Australia (UWA), La Trobe
University, Melbourne State College—then the largest teachers’ college in
Australia—and Deakin University at its Warrnambool campus.
Vince has authored a number of guides for both government and
post-secondary institutions. These include the Australian Government’s
Tertiary Education Assistance Scheme (TEAS), a plain language guide to
the TEAS scheme and subsequently the Austudy scheme, the Australian
Government’s Department of Education’s guide to Austudy that resulted in
the annual distribution of one million copies Australia wide, and a guide
to the costs associated with study for Deakin University.
For many years, Vince was the spokesperson
on student financial issues for the Australian
and New Zealand Student Services Association
and the Student Financial Advisers Network
of Australia. In these roles, Vince presented
evidence before numerous House of
Representative and Senate enquiries arguing
for financial equity for students in general, and
in particular for rural and regional students.
In his retirement, Vince has maintained his interest in student financial
concerns as evidenced by his latest publication ASG’s How to Survive Uni
and TAFE 2013: without living on two-minute noodles, his submissions
to various government inquiries, and the well-attended seminars and
workshops he continues to conduct on the cost of post-secondary
education throughout Victoria. He also very much enjoys taking tour
groups to Italy for the Wollongong University based, Odyssey Travel.
Vince is married to Julie and they have two sons, Liam and Ed.
page | 6
Uni and TAFE 2013:
Budgeting
making your finances work
Budgeting for your course and living costs
Budgeting for your course and living costs
Budgeting
As a student it is important to know what money you have and where it
is going. Having a budget is the most important thing that you can do to
take better control of your finances. A written budget is an important tool
for anyone, and particularly students.
If you’re like most students, you won’t have much money to ‘throw around’
so you’re going to have to learn to manage what you have wisely. With a
good budget, you just may be spared a diet of two-minute noodles.
Managing your money wisely
A budget is your written document outlining what money you have
currently, what’s coming in, and what you have to spend it on this week
and into the future.
Your budget should outline everything that you earn, including your
wages/salary, allowances, savings, and any other money you receive.
Against your income, you need to calculate your expenses. These will
include fixed expenses (those that don’t change much each year), regular
expenses (necessary costs but ones that you have a level of control over),
and discretionary expenses (items you choose to spend money on such as
gifts, entertainment, etc).
Estimated annual post-secondary study costs
The table on the following pages provides the estimated costs associated
with post-secondary study. The costs fall into two categories—course
costs and living expenses.
Course costs include tuition fees, service fees, textbooks, printing,
photocopying, stationery, equipment and clothing costs, computer
and Internet costs.
The table outlines the living expenses associated with post-secondary
study, including four accommodation options—living in the family
home, boarding through the Homestay program, shared independent
living in private rental accommodation, and living in halls of residence
(university only).
This table provides general estimates only. Tuition fees for TAFE courses
and private registered training providers will vary widely between states,
institutes, and courses. ASG’s Online University Costs Calculator at
www.asg.com.au/calculator can be used to get more specific cost
estimates about university costs based on your personal circumstances
and career choices.
Creating your own budget
A budget template to print and use is included in this chapter. Be sure
to itemise all your income and expenditure items so you can track
your finances. If you prefer, you can source the budget template as
an Excel worksheet or PDF file from ASG’s website www.asg.com.au/
howtosurvive
Great tips
Check the Useful Websites page of this guide for helpful resources
on budgeting, managing your budget and estimating costs
associated with studying at university and TAFE.
page | 8
Estimated annual post-secondary costs
Course costs
University
(Commonwealth Supported Place)
TAFE
(Government-subsidised place-figures from TAFE NSW)
Private registered training providers
(Studies in Australia figures)
Tuition fees
$5,868 to $9,792 per year
(full-time course load)
Tuition fees are individually set by approved providers
and are not regulated by the Australian Government.
Please contact your preferred institution for most
accurate information.
Tuition fees are individually set by private registered
training providers. Please contact your preferred
institution for most accurate information.
Services fees
$273 per year
Student Services and Amenities Fee (SSAF)
for a full-time student
May vary according to state, institute, or course
May vary according to state, institute, or course
Up to $1,146 per year
This may incorporate equipment costs
This may incorporate equipment costs
Computer and Internet
Up to $504 per year
Low-end new laptop computer (payments over three
years) or secondhand computer, basic software and
medium-volume broadband
Up to $504 per year
Low-end new laptop computer (payments over three years)
or secondhand computer, basic software
and medium-volume broadband
Up to $504 per year
Low-end new laptop computer (payments over three
years) or secondhand computer, basic software and
medium-volume broadband
TOTAL COSTS
$7,791 to $11,715 per year (including course costs)
$1,650 plus annual course costs per year
$1,650 plus annual course costs per year
Textbooks, stationery,
printing & photocopying
page | 9
Estimated annual post-secondary study costs continued
Estimated annual post-secondary costs continued
Living Options
Family Home
(52 weeks per annum - full
board, includes utilities)
Shared Independent
(Rental Accommodation, shared with
2 others, 52 weeks per annum)
Homestay
(Boarding with family - 52 weeks per
annum - full board, includes utilities)
Halls of Residence
(32-52 weeks per annum)
(university only)
Accommodation establishment
Costs (National Average)
$0
$1,381
(refundable bond - will vary)
$240
Placement fee
$758
(refundable bond - will vary)
Accommodation - ongoing
costs (National average)
$0
$6,870
($132/week per person)
$14,022
($270/week full board)
$8,936
(depending on the college chosen
and facilities provided)
Groceries & main meals
$0
$4,517
$0
(included with board)
$4,517
($87/week)
$1,930 ($37/week)
$1,930 ($37/week)
$1,930 ($37/week)
$1,930 ($37/week)
$0
$2,624
$0
$0
Public transport
$1,231
($24/week)
$728
($14/week)
$728
($14/week)
$728
($14/week)
Leisure & entertainment
$3,265
($63/week)
$3,265
($63/week)
$3,265
($63/week)
$3,265
($63/week)
Ancilliary
Clothes, medical/health, personal
care, miscellaneous, etc
$2,987
($57/week)
$2,987
($57/week)
$2,987
($57/week)
$2,987
($57/week)
$9,413
$24,302
$23,172
$23,121
Snacks on the run
Utilities & household services
Gas, electricity, water, & telephone
TOTAL COSTS
ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles | www.asg.com.au page | 10
Estimated annual post-secondary study costs continued
Notes on Costs
About course costs
General notes:
The Australian Scholarships Group (ASG) provides these estimates as a guide only. ASG cannot guarantee that they will represent the costs of education for a particular child.
Figures:
All figures have been rounded to the nearest dollar amount and are national figures.
Tuition fees:
The tuition fees estimates are based on government-supported or subsidised places.
University: For university tuition fees, the costs are based on the student contribution fee for a ‘Commonwealth Supported Place’. While some full-fee paying places are available at
some universities, these estimates do not cover these places.
TAFE: For TAFE tuition fees, the costs are based on the student fees for a government-subsidised place (TAFE NSW is the example chosen). Other states may have different TAFE
tuition fees.
Training providers: Registered private training providers may set student fees according to costs and demand for places within the course.
The vocational education and training sector (VET) has more than 5,000 registered training organisations in Australia, of which a great many are private providers. Wide variations in
fees and charges can be found across the sector depending on state, institute, and course.
Tuition fees variances:
Government benefits or
allowances:
The costs estimates do not take into account possible government benefits or allowances because qualifying for such payments varies widely depending on individual
circumstances, such as family income and location.
Indexation:
The impact of the Consumer Price Index (CPI) increases has been considered, and where applicable the relevant sub-index group has been applied accordingly to estimated costs.
More information:
Students and parents can get more detailed information about university costs for specific courses and living options on a national or state basis from ASG’s Online University Costs
Calculator at www.asg.com.au/calculator
Budgeting template
Budgeting template
ASG's How to Survive Uni and TAFE 2013: without living on two-minute noodles Budget Worksheet
Calculate your income and expenses annually as a guide to planning your expenditure throughout the year
INCOME
Government allowance
(if applicable)
Part-time work salary
(after tax)
Any extra earnings
Scholarship allowances
Any extra allowances
Interest on savings
Any other income
TOTAL INCOME
EXPENSES
Course expenses
Course/tuition fees
Student Services &
Amenities Fee (SSAF)/
Services Fee
Text books
Equipment/Tools
Stationery
Photocopying & printing
Computer equipment
Computer software
Internet access
Special clothing
Total Course Expenses
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
ANNUAL
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
NOV
DEC
ANNUAL
Continued on next page
Budgeting template continued
ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles Budget Worksheet continued
EXPENSES continued
JAN
FEB
MAR
APR
MAY
JUN
JUL
Living expenses
Accommodation costs
Bond or placement fees
Monthly rent or fees
or board
Household costs
Electricity
Gas
Phone
Water
Groceries - food,
beverages, household
requirements
Snacks
Ancilliary costs
Public transport/travel/
car costs
Medical
Dental
Clothes
Mobile phone
Entertainment/hobbies
Insurance
Personal care
Others
Other 1
Other 2
Other 3
Other 4
TOTAL EXPENSES
AUG
SEP
OCT
NOV
DEC
ANNUAL
Continued on next page
Budgeting template continued
ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles Budget Worksheet continued
Budget Summary
JAN
FEB
MAR
APR
MAY
JUN
JUL
TOTAL INCOME
Total Course Expenses
Total Accommodation
Costs
Total Household Costs
Total Ancilliary Costs
TOTAL EXPENSES
SAVINGS/DEFICIT
Actual (Compared
JAN
FEB
MAR
APR
MAY
JUN
JUL
to Budget)
ACTUAL INCOME
ACTUAL EXPENSES
Loans/Credit
ACTUAL SAVINGS/
DEFICIT
AUG
SEP
OCT
NOV
DEC
ANNUAL
AUG
SEP
OCT
NOV
DEC
ANNUAL
Uni and TAFE 2013:
Expenses
Expenses
Course costs
Course costs
The cost of your course will depend on the course you choose to study,
and whether it is a Vocational Education and Training (VET) course or a
Commonwealth Supported Place (CSP) at university. VET courses and
CSP university courses have different cost structures which are outlined
in this chapter.
VET courses and tuition fees
TAFE Institutes, Registered Private Providers and Community Training
Organisations all run VET courses. VET tuition costs differ depending on
your course and its duration. Usually VET courses cost less than university
courses, however, many VET providers (TAFE and Registered Private) are
increasing their range of courses and their fees. In some cases, if you
have a student or Centrelink Health Care Card, the VET course costs will
be reduced further. You need to do your homework on this because VET
course costs at TAFE Institutes are different in each state.
VET FEE-HELP
What is VET FEE–HELP?
This is an Australian Government scheme to help ‘eligible’ students who
have decided to study in VET courses (Vocational Education & Training).
It helps those students who are studying at a diploma level or above (not
certificate courses). VET FEE-HELP helps pay either part or all of the
tuition fees.
Who is eligible?
To be eligible for VET FEE-HELP you must meet the following criteria:
be an Australian citizen or have a permanent humanitarian visa
be a full fee paying student
be studying a diploma, advanced diploma, graduate certificate or
graduate diploma
be studying at a Commonwealth approved college.
You can get a copy of the booklet VET FEE-HELP Information for 2013 from
your college, or online at www.studyassist.gov.au/publications.
What does a course cost?
Course costs may differ depending on the VET college you study at. You need
to do your homework and find out from your preferred college. It might be
worth shopping around.
How much can you borrow?
The amount you can borrow only covers course tuition fees; it doesn’t cover
costs for books or accommodation etc. There is a limit for the length of your
course. For courses commencing in 2013 this limit is $93,204.
You should note that the colleges charge an administration fee of 20 per
cent. This doesn’t count as part of your course FEE-HELP limit.
How do you apply for a VET FEE-HELP loan?
Your college will have a form for you to fill in. You will need to have a Tax File
Number (TFN). The college will give you a closing date for you to have your
VET FEE-HELP request returned.
Expenses
Course costs continued
It’s a loan—so how do you repay it?
You are borrowing the tuition fee, which is a debt to be repaid. You are not
required to repay it until your taxable income exceeds $49,095 (2012-2013
tax year period).
Great tips
The amount you have to repay depends on the amount you earn. If
you earn more than $49,095 you pay back four per cent of your taxable
income (usually taken out of your salary by your employer). There is a
sliding percentage repayment scale up to when your income is more than
$91,178, when you are paying eight per cent.
Check out the VET FEE-HELP booklet available at your college or
call the Department of Education, Employment and Workplace
Relations on 133 873 or download it from www.studyassist.gov.au
You can make voluntary repayments to reduce your debt. Those payments
need to be amounts of $500 or more. These voluntary repayments reduce
your debt by five per cent so, for example, if you were to voluntarily pay
the Tax Office $500 you reduce your debt by $25.
Failing subjects or withdrawing from subjects
If you withdraw from a subject and miss your college’s ‘census’ date (i.e.
the date set by your college when you can withdraw without penalty)
then you still pay the amount and are in debt for that amount. The same
applies if you fail a subject.
If, however, there are significant reasons for your failure or not
withdrawing on time (e.g. illness or family bereavement) then you can
approach the college to waive the fee and the subsequent debt.
Check the costs involved with your chosen course and what its
payment options are. See if VET FEE-HELP arrangements are in
place for your course.
Be sure to monitor the Study Assist website (www.studyassist.gov.au)
for new information about changes.
University courses and tuition fees
University tuition costs are fairly clear-cut. All universities in Australia (apart
from private universities e.g. Bond and Notre Dame) have tuition costs set by
the Australian Government.
At university you enrol for a Commonwealth Supported Place (CSP), which
is subsidised by the Australian Government. The Government pays the
major proportion of your course tuition costs and you are required to pay
the balance.
To get a CSP you need to be an Australian or New Zealand citizen, or have a
permanent visa. You must also live in Australia while you are studying and
have an Australian Tax File Number. You can also retain your CSP if during
your course you are studying overseas in a course that is part of an exchange
arrangement with your university.
Expenses
Each year, university courses are grouped into one of four bands, known
as the University Course Bands. For each of these bands, the Government
decides by how much courses in each band will be subsidised. The
amount you are required to contribute will depend on the course you
choose to study and its allocated band.
HECS-HELP
HECS-HELP or the Higher Education Contribution Scheme–Higher
Education Loan Program is the loan scheme you have with the
Government when you take up a CSP at university and choose to defer
your payments incurring a HECS-HELP debt. Essentially, through this
scheme, the Government pays the tuition fees of your course to your
university on your behalf, and consequently you are in debt and you
owe the Government the contribution amount for your course.
HECS-HELP debts
Your HECS-HELP debt is administered by the Australian Taxation Office
(ATO). You can make voluntary repayments anytime you want as long as
you pay in amounts of $500 or more. If you do, you will be given a five per
cent discount on those amounts.
Most HECS-HELP debts are repaid to the ATO by having a portion of your
salary or wage withheld. Your repayments begin when your employment
income is above the government nominated threshold (for 2012-2013 the
threshold is $49,095). If your income is below the nominated threshold,
you are not required to repay the debt.
The HECS-HELP debt belongs to you and nobody else. Should you
die, it will die with you. If you fail subjects for reasons beyond your
control and have incurred a HECS-HELP debt, you should apply to your
university to have the debt waived. If you fail subjects and have to
repeat them, you pay twice for those subjects. It’s an incentive to study
and pass.
There are some different HECS-HELP payment rules for New Zealand
citizens and permanent visa holders that should be followed up if you
are in these categories. For more information refer to the Information
for Commonwealth Supported Students: HECS-HELP booklets at the
website: www.studyassist.gov.au (choose publications).
University course bands
HECS-HELP payment options for your course
So that you are not locked into one payment option for the whole of
your course, each semester your university will ask you to nominate
one of the three HECS-HELP payment options shown below.
You can nominate to pay your tuition fee ‘up front’ and if you do, you
will be given a 10 per cent discount on the amount owing.
You can nominate to ‘defer’ ALL of your tuition fees, and repay them
when your future income is above the Government nominated
threshold. The threshold for the 2012-2013 tax year is $49,095
You can nominate to pay at least $500 ‘up front’ to receive the
10 per cent discount, and then defer the remaining amount.
There is no interest rate on your HECS-HELP debt, but the debt will
increase annually at the rate of inflation.
Expenses
The amount you pay will depend on which band your course sits. The
types of courses that fall within each band are shown below. If you are
unsure which band your course is in, visit the Study Assist website
www.studyassist.gov.au
Band one includes the following courses: humanities, behavioural
science, social studies, education, clinical psychology, foreign languages,
visual and performing arts, and nursing. The maximum cost in 2013, for
band one courses (if you are taking on a full-time study work load) is
$5868 for the year ($2934 per semester). If you choose to pay ‘up front’
and get the 10 per cent discount, the per annum cost is $5281 ($2640
per semester).
Band two courses include: computing, built environment, other health,
allied health, engineering, surveying, agriculture, mathematics, statistics
and science. The maximum cost in 2013 (if you are taking on a full-time
study load) is $8363 for the year ($4181 per semester). If you choose to
pay ‘up front’ and get the 10 per cent discount, the per annum cost is
$7526 ($3763 per semester).
Band three courses include: law, dentistry, medicine, veterinary science,
accounting, administration, economics, and commerce. The maximum
cost in 2013 (if you are taking on a full-time study load) is $9792 for the
year ($4896 per semester) with a 10 per cent discount the per annum cost
is $8812 ($4406 per semester).
Your university will classify each unit or subject that you study into one
of the bands. Not all of your units or subjects in your given course are
necessarily going to be in the same band. For example, if you enrol in a
nursing course, which is in band one, you might study health units that
fall within band two. In that case, you would pay additional amounts for
those units.
Education, nursing, mathematics, science , midwifery and early
childhood education
Students who graduate in nursing education, science, mathematics,
midwifery and early childhood education will receive a reduction in their
repayments for up to 260 weeks (five years) as long as they continue to
be employed in those or related professions.
Repaying your HECS-HELP debt
Once your income is above the government nominated threshold, you
start to repay the debt according to your income level. At the lower end
of the threshold (for 2012-2013 it begins at $49,095), if your income in
any tax year goes above the threshold you begin repaying. Generally
the repayments will be deducted from your salary. Using 2012-2013 as
an example, if your income were to go over the $49,095 amount you
begin repaying at four per cent. The percentage you repay, however, will
increase according to the amount you earn. There is a ceiling of eight
per cent repayment if your income reaches $91,178 in the 2012-2013 tax
year. These thresholds change slightly each tax year.
Expenses
Failing course units or complete withdrawal
from a course
Compulsory university student fees – Student
Services and Amenities Fee
It is important to know that if you fail units and have to repeat them, you
will be paying for these units each time you attempt them. If you don’t
complete your course you still pay for the proportion of the course
you did complete. Similarly, if you decide to withdraw from a course
or a unit, do so before the census dates for each semester, which are
usually in March for first semester and in August for second semester.
Be careful. You need to check with your university when their census
date is. Since the HECS-HELP census date is often not the same as your
university’s date for withdrawing from subjects without penalty
you need to be very careful and aware of the rules.
The Australian Government introduced a Student Services and Amenities
Fee (SSAF) to cover services such as sporting and recreational activities,
employment and career advice, childcare, financial advice and food
services. Each university will decide whether or not to charge the fee and
how much to charge, up to a maximum of $273 for full-time students and
an adjusted amount for part-time students. You will have access to a loan
(SA-HELP) if you cannot or do not wish to pay it upfront. You can pay some
upfront and take an SA loan for the remainder. The SA-HELP loan will be
added to your HECS-HELP debt.
Student Learning Entitlements
Prior to 1 January 2012, a student was not entitled to access
HECS-HELP loans if they had studied for more than seven years.
This provision has now been abolished.
‘Full-Fee’ tuition courses for Australian
university students
FEE-HELP is available to eligible domestic fee paying students who are in
courses that are not subsidised by the government and where the fees
are set by your college or university. The FEE-HELP loan is subject to a 25
per cent administration charge. FEE-HELP has similar repayment rules as
HECS-HELP. Check out the FEE-HELP booklets available at your university
or go online to www.studyassist.gov.au and follow the links to FEE-HELP.
Expenses
OS-HELP
OS-HELP was introduced to assist students in an approved course and
who wish as part of their course, to undertake some of their studies
overseas in courses approved by your university. Those students can
apply for an OS-HELP loan, which will cover up to two study periods of six
months overseas. To access the OS-HELP loan you need to apply through
your university. The loan is repaid as per the HECS-HELP system. For more
information go to www.studyassist.gov.au and go to the OS-HELP link.
Great tips
Check the VET and university websites listed in the guide for
more information on any of the above topics.
Make sure you have a Tax File Number.
Check the census dates for your university or college. They
are usually, but not always, 31 March for semester one and
31 August for semester two. There might be a third semester
at your university, which is likely to change the census dates.
Check whether a HECS-HELP/ VET FEE-HELP type debt scheme is
in place for your course in VET. If you are studying a VET course,
check what advanced standing applies if you decide to go on to
further study at a university.
If you are going to withdraw from your course or a unit, do
so before your institution’s census dates. If there are reasons
beyond your control for withdrawing or failure, e.g. illness or
bereavement, apply to your university to have your debt waived.
If you have, however, paid your HECS-HELP upfront you cannot
have your debt waived. Check the Study Assist website for more
information at www. studyassist.gov.au
Expenses
Study-related costs
Study-related costs
Computers
Having your own computer is advisable if not essential. Similarly,
owning your own printer will make the typing and printing of
assignments easier. Basic software and Internet access also make your
study time more efficient and effective. University and VET providers
will communicate important information to you via email. Lecture notes
and messages from lecturers are usually made available electronically.
In some universities, it is possible that some of your course units will
only be available online. There are computer labs on most campuses
but they can become extremely busy, especially prior to exam times.
New low-end laptop computers are becoming more and more
affordable each year.
Course-related costs
Textbooks can be very expensive. Before you buy any new textbook,
look for secondhand copies. You will often find notices around
your campus offering secondhand textbooks for sale. Also check
out your campus library to see if they have textbooks referred to
by your lecturers. Some textbooks are ‘required’ reading and some
‘recommended’ reading, so wait until you have a ‘required’ textbook
reading list before you buy them. Renting textbooks is another way to
reduce costs. Electronic textbooks also offer an alternative, but ensure
you check your university’s policy on the use of electronic textbooks
during ‘open book’ exams as many universities do not allow their use.
Most campuses have a second-hand textbook outlet. Check this out
prior to buying new texts.
Stationery, printing and photocopying costs can quickly mount up.
Scan documents or gain electronic copies of information where possible
to avoid heavy use of the printer and photocopier.
Some courses have special equipment requirements. Medicine, dental
science, optometry and music have significant equipment costs. Science
courses often have significant costs involved with excursions and field
trips. Visual and performing arts courses may have significant equipment
and project costs, as well as exhibition, footwear and clothing costs.
Students and their parents should budget for specialist equipment as
required for their courses. This information is usually made available in
university handbooks. In some VET courses you may be able to get a
government grant to subsidise necessary equipment or tools. Check this
out with your college.
Travel
Public transport is usually a much cheaper option than maintaining your
own car and paying for parking. As a student, you may be eligible for a
Centrelink Health Care Card or a student concession, which generally
gives you access to travel concessions on public transport and can help
you save. If you are renting, try to rent close to travel routes that connect
to shops and your campus.
Consider car-pooling. Check your institution’s student services
noticeboards for ads from people in your local area. Better still, riding a
bike or walking, where possible, keeps you fit and frees you up from the
constraints of public transport timetables. Be sure you budget for bike
safety gear and accessories.
Expenses
Study-related costs continued
Great tips
Check out cheaper computer options, such as buying
secondhand, computer swap meets, or buying entry-level
computers that provide only the power and functionality
you need.
If using campus-based computer equipment, book regular
sessions to fit your study timetable. Remember that campus
computer facilities are often in high demand so student
services often place restrictions on session times and frequency
(particularly close to exams and assignment deadlines).
Check whether your campus has a secondhand textbook outlet.
For discounted textbooks go to www.textbookexchange.com.au,
and other sources listed in the Key websites section of this guide.
Apply for a Centrelink Health Care Card as soon as you finish
secondary school as it may provide you with travel concessions,
as well as health care discounts, and in some cases, concessions
on car registration, gas and electricity.
Expenses
Accommodation costs
Accommodation costs
If you are able to defer most of your course costs through HECS-HELP,
VET FEE-HELP or minimise the costs related to your studies, you may
have avoided a major drain on your own finances or the family budget.
However, if you have to leave home to study you may find significant
costs are involved, in particular your accommodation costs.
Many students who take up VET courses have the opportunity to live
locally because of the breadth of courses offered by local VET providers.
However some VET students, and many university students, need to leave
home in order to take up the course of their choice.
Living with family
up some networks and get acquainted with a new area while being under
the support of extended family care.
University residences and colleges
Not all of Australia’s 37 universities provide their own residence
accommodation to students. For those offering accommodation, the costs
vary considerably. Influences include position, prestige, catering, and
other facilities that are offered. If you want to have all the optional extras –
all your meals provided, tutoring, college library, sporting facilities, phone,
computer and internet access etc, you will be paying top of the range.
Catering options also influence accommodation costs. Halls of residences
and colleges may offer either full catering or self-catering options, or a
mix of both.
Young people today are living with their parents for longer periods than
ever before, especially if they’re students. Research from the Australian
Bureau of Statistics (ABS) shows that over the past 20 years there has
been an increase in the number of young adults living with their parents.
This trend is associated with young people’s increasing participation in
education, and also a delay in partnering and parenthood.
Costs vary from state to state and from one hall of residence to another.
The costs will reflect the services provided, but you can expect to pay
as much as $19,000* per academic year. Regional university campus
accommodation is generally significantly cheaper.
While many students are keen to escape their family homes and branch
out to some form of independent living, living in the family home offers
major financial advantages.
Visit all university websites that you are interested in to find what
accommodation options are available and be sure to compare them
based on your requirements and budget.
If relocating to study is required, some students’ families arrange for
them to live with relatives in a ‘board arrangement’. The success of these
types of arrangements usually depends on the individuals involved, but
boarding with relatives is particularly useful on a short-term basis to set
Note when and how you have to apply for each alternative, and whether
there is an application fee.
* Costs reflect 2013 figures
Expenses
Accommodation costs continued
Be aware: if you choose to apply for a room in a university residence, don’t
wait until you are offered a place at that university. The cut off date for
most university accommodation occurs well before universities send out
their course offers. Also bear in mind that some applications to halls of
residences and colleges require applicants to submit references as part of
the application. In some cases in university accommodation you may be
required to vacate during semester breaks to make way for conference
participants.
Keep in mind that in the private rental market, you may need to take
on a 52-week lease agreement. You will have to factor in set-up costs
such as rent in advance, bond, gas and electricity, and maybe telephone
connections, removalist fees and new furnishings.
Commercial student accommodation
Another option to consider is renting holiday accommodation where the
landlord requires tenants to vacate the premises for a six to eight week
period during the summer months. While this option often provides
cheap rent during the year, it does require budgeting for annual moving
and cleaning costs and is only feasible if you find somewhere else to live
during this time.
There is an increasing number of commercially-run student residences.
These are usually slightly cheaper than university residences, but often
don’t have the same kind of catering facilities and academic support
services that university residences offer. The National Union of Students
website www.unistudent.com.au has useful information on this type
of accommodation. Almost all universities and TAFE/VET institutes will
have an accommodation service that will give you more information on
campus residence and accommodation commercially-run facilities.
It is important to find accommodation close to public transport that goes
to your university or college. It should also be close to shops and sporting
facilities that you might want to access.
Renting
Depending on the area, renting with other students may be a cheaper
way to go, particularly in areas outside metropolitan capital cities. Do your
homework to compare the rents in different areas because it could save
you thousands of dollars a year. When adding up the costs of rent, don’t
forget to factor in transport costs, particularly if you’re moving further
away from campus for cheaper rent.
Expenses
Accommodation costs continued
Private board and Homestay
Great tips
Private board and Homestay offer some of the cheapest forms of
accommodation for students. Both arrangements generally refer to
student boarding arrangements in family homes in a ‘host’ arrangement,
although private boarding can be more diverse. Private board is an
arrangement you make with a specific individual or family, whereas
Homestay arrangements are made through the Homestay program.
Make sure you know the application cut off dates for
accommodation options.
In both cases, your meals are usually provided as part of the board.
Potentially on the downside, you may need to fit in with the already
existing routine of the house and your academic timetable might make
this difficult at times. You can expect to have access to the household’s
facilities and will likely have your own room. Be sure that you have
adequate study space, including phone and Internet access
if required.
The long-term success of these types of arrangements often depends on
the rapport and flexibility of everyone involved. As a short-term option,
private board and Homestay enables you to get acquainted with your
new area and an opportunity to develop relationships.
Compare your preferred accommodation options.
Prepare your applications in advance, including any references.
For current information on university residences check your
preferred university’s websites.
Look into whether your state government assists with bond and/
or rent. For example, the Victorian Government Department of
Human Services offers bond assistance for eligible applicants.
Check out public transport routes to your campus, supermarkets
and sporting facilities before choosing a rental property or
other accommodation.
Apply for a Centrelink Health Care Card to decrease your rental
costs on gas and electricity and to get travel concessions on
public transport.
Choose your fellow renters carefully.
Have a meeting with your fellow renters to discuss and set down
ground rules.
Cheap furniture can be found at opportunity and secondhand
shops e.g. Salvation Army, Lifeline and Vinnies.
Expenses
Other day-to-day living costs
Other day-to-day living costs
Meals
A healthy and balanced diet is important to your health and consequently
your studies. You can eat cheaply, but a diet of two-minute noodles
is unlikely to keep you healthy. Plan your meals and shop at discount
supermarkets or markets.
Shopping
Make a list before you go shopping. Impulse buying can prove expensive.
If you rent with others, shop for your household and split the costs. Look
for ‘specials’ that you need and buy fruit and vegetables in season to
save money.
Medicine and health
You may need medical help during your student years. To save on medical
costs, look for local doctors who bulk-bill. There may be a medical service
on your campus or nearby, that will bulk-bill. Under the Pharmaceutical
Benefits Scheme (PBS) a current Centrelink Health Care Card will help you
get prescription medicines at a heavily reduced price.
Dental costs can also prove expensive so find out whether your institution
offers discounted services. In general, preventative dental procedures are
cheaper than remedial services so regularly schedule these services for
yourself if possible.
Mobile phone and Internet costs
Read the fine print on all mobile phone and Internet contracts in detail,
paying particular attention to the total costs associated with the contract.
Monitor your usage to your budget. Shop around for the best deals
according to your requirements and beware of accessing the Internet
from your mobile phone as costs can add up quickly. From what seemed
initially to be a great deal, many students find themselves in debt for
much more than they anticipated.
Credit card usage
Unless you have willpower of steel, avoid using credit for your everyday
expenses (for more information, refer to the Loans For Students section of
this guide).
Great tips
When you leave secondary school, apply immediately for a Centrelink
Health Care Card. It may help reduce your winter electricity and gas
bills and your car registration. It will also give you travel concessions
on public transport, discounts on some prescription medicines and free
ambulance cover.
Learn to cook.
Shop at discount supermarkets or markets.
Identify local doctors who bulk bill. Check to see if your campus has a
medical centre.
Schedule preventative dental procedures regularly to avoid more
expensive remedial treatments.
Monitor your mobile phone and Internet usage according to your budget.
Avoid accumulating debt on your credit card.
Make sure you keep your Health Care Card up-to-date.
Uni and TAFE 2013:
Income
Income
Government support
Government support
This section will outline eligibility criteria for Youth Allowance, Austudy
and ABSTUDY. It will also look at other associated Centrelink benefits such
as Rental Assistance, Travel Allowance, Advance Payments, Start-up and
Relocation Scholarships and Health Care Card benefits. The information in
this section is relevant to both VET and university students.
ABSTUDY
Finding your way around Centrelink rules and regulations can be
challenging, but it is well worth the effort.
Austudy
It is important to remember that this section provides a summary of the
main government benefits that are likely to be applicable to students,
but it certainly isn’t the complete list. This information is as accurate
as possible at the time of publication but you must always check with
Centrelink to ensure you get the full support you are entitled to based
on your circumstances.
For more information on any of the benefits below, and their respective
eligibility criteria, visit the Centrelink website at www.centrelink.gov.au
or call them on 132 490.
A word of caution
Students must be enrolled in an approved course to be eligible
for the Relocation and the Student Start-up scholarships. This
generally means a course of higher education such as a bachelor
degree at university. Check with Centrelink for more information:
www.centrelink.gov.au
ABSTUDY is a scheme specifically for Indigenous Australian students. To
be eligible for ABSTUDY, you can be either a part-time or full-time student,
and can qualify for benefits to do Masters or Doctorate level courses.
To be eligible for Austudy you must be 25 years of age or over when you
start your course. Much of the following information covering Youth
Allowance eligibility criteria and other Centrelink benefits also applies to
Austudy students.
Youth Allowance
You need to be at least 16 years of age to be eligible (there are some
exceptions to this if you are considered to be homeless and you should
check with Centrelink). You need to be an Australian or New Zealand
citizen, or hold a Permanent Resident visa (there are further restrictions
for New Zealand citizens so check these with Centrelink).
You also must be a full-time student, which is classified by Centrelink
as being enrolled in an approved course and attending at least three
quarters of what your institution deems as the normal full-time
study load.
Income
Government support continued
Independent versus Dependent allowance
There are two types of allowance categories: Independent allowance and
Dependent allowance; they affect students’ eligibility for ABSTUDY and
Youth Allowance. Independent allowance does not take your parents’
income into consideration. Dependent allowance does. Most students
commencing further study immediately after secondary school are
considered ‘dependent’ by Centrelink.
Centrelink has very precise rules to classify who they deem as
‘independent’ and ‘dependent’. Following is a short summary of these
rules which will help you work out which category you fit into.
Independent
To be considered ‘independent’ you must fit into one of the
following categories:
You are an orphan
You are a refugee without parents in Australia
You are married or in a de-facto relationship for a period
of at least 12 months
You have a child
You are in State Care or because of your age have left State Care
You are at least 22 years old
You are financially self-supporting—to qualify for this you will need to
work full-time (an average of 30 hours a week) for at least 18 months
over a two-year period.
Your family home is in a ‘very remote’, ‘remote’, ‘inner‘ or ‘outer
regional’ area as classified by the map that is accessible from
www.youth.gov.au (select your State or Territory and use the legend
provided). In addition, the following four criteria must also be met:
You must be a full-time student
You must have needed to move away from home to study
Your parents’ combined taxable income must also be less than
$150,000 (unless you are considered to be dependent on one
parent) and
You will also have to earn a nominated amount (in 2012/13
$21,618) within an 18-month period or have worked 15 hours each
week for two years from the time you leave secondary school.
Dependent
If you are not ‘independent’, then you will be considered as ‘dependent’ on
your parents’ income. You will be classified as either ‘dependent’, ‘living at
home’ or ‘away from home’.
Payments for dependent students will begin to be reduced when parents
earn over the government nominated threshold. Check the Centrelink rate
estimators to work out how much you might receive if eligible.
Centrelink uses quite complicated formulae for determining eligibility in
each category and the amount you will receive. Contacting Centrelink
is really important. Both your parents’ incomes and assets are taken into
account, unless you are dependent on one parent. If either parent is
on a Centrelink Health Care Card or pension, benefit or allowance from
Family and Community Services or Veterans Affairs, their income may be
disregarded.
Income
Whatever you believe your circumstances to be, it is important to apply for
benefits in order to be certain of Centrelink’s policies and how they apply to
your particular situation.
Centrelink has a calculator that is quite easy to use in order to work out if
you are eligible and for how much: www.centrelink.gov.au
Income and Youth Allowance
While receiving Youth Allowance, you may work and earn up to $405 per
fortnight before your allowance is affected. If you earn more than this
amount there is a formula Centrelink uses to decrease your allowance.
For more information refer to the Employment Options for Students
section of this guide and of course, check with Centrelink.
In some cases you might be better off to reduce your part-time work
commitments. Youth Allowance is taxable income, so you need to be
mindful that when it’s combined with your other earnings you don’t
end up paying tax at the end of the financial year rather than receiving
a refund.
If you’re on a scholarship of any kind, check with Centrelink because
sometimes income from scholarships can be counted as ‘earned’ and
therefore taxable income. However, up to $7223 of government
equity and merit scholarships will be considered as exempt from being
considered as ‘earned’ income by Centrelink.
Youth Allowance and other Centrelink benefits
If you have to live away from home, you can apply for Rent Assistance.
To determine your Rent Assistance amount, Centrelink will consider
whether or not you share accommodation. Students who rent private
accommodation are generally considered as sharing and the amount you
receive will depend on what you pay in rent.
If you live in university or commercial student accommodation, you are
generally considered by Centrelink not to be sharing. To check the Rent
Assistance Rates go to www.centrelink.gov.au/Rentassistance
Student Start-up Scholarships
Student Start-up Scholarships are for students studying in an approved
course, and who are eligible for Youth Allowance, Austudy or ABSTUDY. In
2013 there was an annual payment of $2050 per eligible student. It is paid
in two instalments over the year of $1025 per instalment.
Relocation Scholarships (for regional students)
Relocation Scholarships are for students who are considered under
Centrelink rules to be dependent and on Youth Allowance or ABSTUDY,
and living away from home to study and are from a region classified as
‘Remote’, ‘Very Remote, ’Inner or Outer Regional’. Students fulfilling these
criteria can be eligible in 2013 in their first year of study for $4048 and
$2024 in second and third years and $1012 in subsequent years.
Income
Relocation Scholarships (for metropolitan
students in major cities)
If you are a full-time student from a major city eligible for Youth
Allowance and have to live away from home to study, you may be eligible
for a Relocation Scholarship of $4048 in your first year and $1012 in
subsequent years.
Fares allowance
If you receive Youth Allowance and have to live away from home to study,
you will generally be eligible for two return trips to and from your home
and your place of study every year. You will be paid the equivalent of the
public transport cost of the trip (in some cases the costs of airfares). You
can also be paid in advance if you give Centrelink sufficient notice. A lot
of students don’t bother to apply—however if you are eligible you
should apply.
Great tips
Check with Centrelink regularly to ensure you get the right level
of support you are entitled to. Visit www.centrelink.gov.au
or phone 132 490.
Apply for a Centrelink Health Care Card.
Apply for Travel Allowance, even if it is not a big amount.
Every dollar you are eligible for can help.
Check out your rental assistance entitlement and make sure
you have been given the correct amount.
Your personal assets can affect your eligibility for assistance
through Centrelink. Contact Centrelink to find out about the
Liquid Assets Waiting Period before you apply for Youth Allowance.
Apply for Youth Allowance as soon as you can.
Advance payments
If you receive Youth Allowance and need to access some of your benefit
as a lump sum, you may be able to claim an advance payment amount
between $250 and $500.
Income
Scholarship support
Scholarship support
The key to accessing scholarship support is you. It’s up to you and your
family to explore the diversity of scholarships available and apply within
the specified guidelines and timelines. Scholarship closing dates often fall
before the notification of course places, so begin your investigations and
submit your applications early in the academic year.
There are many types of scholarships available to students in university
and VET courses. Investigate the range of scholarships available through
university or VET institutions, as well as those provided by government or
linked to academic merit and achievement.
Australian Government scholarships
There are two Australian Government scholarships, the Student Start-up
Scholarships and the Relocation Scholarships. These are paid to students
who are eligible for Youth Allowance, ABSTUDY or Austudy.
For the Student Start-up Scholarship (in 2013), a total of $2050 is paid
in two instalments over the year, of $1025 each. For the Relocation
Scholarships, a payment of $4048 is paid to eligible students in their
first year of study, and $2024 in second and third years and $1012 in
subsequent years. If you are a dependent student under the Centerlink
rules and receiving Youth Allowance or ABSTUDY, and you are living
away from home to study, you may also be eligible for the Relocation
Scholarships. If you have to live and study away from home and are from
a major city you may also be eligible for a Relocation Scholarship of $4048
in year one and $1012 in subsequent years.
have discontinued from the beginning of 2010, but are still paid out
to students who were receiving them, and who continue to meet
the requirements.
For more information on the Student Start-up Scholarships and the
Relocation Scholarships see the Government Support section of this guide.
University scholarships
Many Australian universities have created equity scholarships to assist
rural and regional students, Indigenous students and students from
non-English speaking backgrounds. You need to access each university’s
website to find out which scholarships are available. It is essential that you
check these out in advance as the closing dates are often linked to your
university preferences.
Here is a list of Scholarship websites listed at www.studyassist.gov.au.
Link into the scholarship page and click on:
Australian awards
Australian Postgraduate awards
Commonwealth Scholarships
International Postgraduate Research awards and other
scholarship information, or Google ‘Australian Undergraduate
Scholarships’
These two scholarships don’t apply to you if you are already receiving
the Commonwealth Education Cost or Commonwealth Accommodation
Scholarships. These are old Australian Government scholarships which
Income
Scholarship support
Great tips
Make sure you know the application closing dates for all
scholarships you want to apply for.
Have character references (where required) ready to go with
your application.
Get advice from Centrelink if you are unsure whether your
scholarship affects your Youth Allowance benefits.
Scholarships look good on your resumé when you apply for a job.
Always apply. Don’t assume you won’t get a scholarship.
Apply early. Don’t use logic and wait until you get an offer of a
place—it will be too late!
Google ‘Australian Undergraduate Scholarships’—you will be
amazed at the number of scholarships on offer!
Income
Employment options for students
Employment options for students
Even if you are eligible for Youth Allowance, it is unlikely to be enough for
you to live on. And although your parents often assist with study and living
costs, many of you can help ease the financial burden of further study by
working part-time.
If your situation requires you to work part-time, be careful to balance your
work commitments and studies so that your studies are not compromised.
Remember that your studies must always be your top priority. Finding
part-time employment that fits in with your study timetable is
very important.
Where to look for part-time work
Almost all VET institutions and universities have career and part-time job
placement services. You should check your university website for details
on these services. The My Future website www.myfuture.edu.au also has
helpful employment information.
Many student jobs are found in the hospitality industry; particularly hotels,
restaurants and bars. Having a certificate in the ‘Responsible Serving of
Alcohol’ (RSA) and a certificate of ‘Food Handling’ can be an advantage as
it may be a pre-requisite for working in the hospitality sector.
These certificates can usually be completed at TAFE institutes or through
a registered training organisation. A good place for more information on
these courses is to visit the Consumer Affairs website for your state. It is
also a good idea to complete these courses during semester breaks so
you are one step ahead when applying for jobs.
Income and Youth Allowance and Austudy
If you receive a Centrelink allowance, you should be aware that income
from part-time employment may affect your Youth Allowance and Austudy
payments, particularly if you earn more than $400 a fortnight on a regular
basis, so be careful and check.
You are required to inform Centrelink of your fortnightly earnings. During
certain times of the year you may be able to earn more without it affecting
your fortnightly allowance, for example, in semester and summer breaks.
Contact Centrelink for more information on this.
Great tips
Prepare a resumé and have it ready to distribute to
potential employers.
Check your employment earnings and the possible impact on
your Youth Allowance payments.
Ensure you know Centrelink’s rules on income and how they
might affect your situation.
Check local VET providers that offer short certificate courses in
‘Responsible Serving of Alcohol’ and ‘Food Handling’.
Don’t work for cash-in-hand. It’s illegal.
Update your resumé, covering letter and references, and relate
them to the jobs you want to target.
Another useful way to get a part-time job is by doing a bit of ‘door-knocking’
at appropriate businesses and leaving copies of your resume.
Income
Loans for students
Loans for students
Student loans may be an alternative solution for assisting with tuition
costs and living expenses while completing further education. But if you
decide to take some time off after graduation for whatever reason, either
to travel or you don’t get that job you hoped for, you might find that your
repayment commitments are going to be difficult. This is another reason
why you should be careful when taking out loans.
VET and university student loans
Most VET colleges and universities run a student loan scheme. These
loans usually have very good terms and with little or no interest rate
(as long as you repay on your agreed schedule). Institutions often have
quite different rules, borrowing limits and repayment conditions. A good
principle is to only borrow money if you really need to. Remember that
all loans have to be repaid. Non repayments of university or VET college
loans may put a hold on your graduation.
Bank loans
Quite a few major banks and credit unions have special loans for students
and offer favourable terms, especially if you have a good academic record
and have very good graduate employment opportunities. Check with
individual banks or credit unions for more information. Remember that
banks are more likely to provide loans to you in the final years of your
course and if your academic record and employment opportunities are
above average.
Credit cards
Used wisely, credit cards can help you smooth out the paying of your
expenses to match your income. Unfortunately, many people use credit
to spend above their means and fall into debt. This can create increased
levels of stress for you long-term and mean that you end up paying back
far more than your initial expenditure. Credit is best kept for emergency
use or if you have the self-discipline to use it sensibly.
Great tips
Investigate all credit options thoroughly before making
any commitments.
Ensure you understand the credit terms.
Borrowing money and taking out loans requires repayments,
usually with an interest rate. Know whether you can afford to
make loan repayments.
Using credit cards is fine for emergencies, but if not used
sensibly, can quickly get you into debt.
Uni and TAFE 2013:
Life as a uni and
TAFE student
Getting help
Getting help
Often the best help when you have problems will come from your
parents, family and friends. But it is important to know that on your VET
or university campus, there are staff members who are employed to help
you get through difficult times. These difficulties may be the result of
personal, health, study or financial concerns.
Help services for students
You will find services such as personal and academic counselling, study
advice, part-time employment and careers assistance, health, medical and
disability services. All of these services are generally free.
If you experience any problems, you should get help quickly to avoid
serious effects on your wellbeing and your studies. There are links to
student services on all campuses from each VET or university homepage.
Don’t hesitate to ask your lecturers or tutors for help or clarification if you
have study problems or haven’t understood something.
Great tips
Log onto your VET or university website to find out what
services are available on your campus.
Seek help through your institute’s financial adviser, especially if
you need assistance with Youth Allowance issues.
Check out the campus part-time employment services for any
job vacancies.
If you have a disability (long or short-term) contact the disability
adviser on your campus.
Don’t be embarrassed to ask for help. Your future is too important.
If you don’t know what’s expected of you for your assignments,
ask your lecturer.
Check to see what study advice groups are being run on your
campus and register to attend. They usually cover subjects like
assignment writing; how to take good lecture notes; referencing;
and exam preparation.
Don’t make the mistake of assuming that you are the only person
with problems.
Make sure you know when your university or VET college
orientation week is and get a copy of the program.
Get to know as many fellow students as possible and have a
great time.
Key websites
Key websites
General information on VET courses
across Australia
General information on university courses
across Australia
www.myfuture.edu.au
www.training.com.au
www.myfuture.edu.au
www.deewr.gov.au
State based information on university courses
NSW/ACT: www.uac.edu.au
State based information on VET courses
QLD: www.qtac.edu.au
ACT: www.det.act.gov.au
SA/NT: www.satac.edu.au
NSW: www.tafensw.edu.au
TAS: www.utas.edu.au
NT: www.det.nt.gov.au/students/training-beyond-school
VIC: www.vtac.edu.au
QLD: www.tafe.qld.gov.au
WA: www.tisc.edu.au
SA: www.tafesa.edu.au
TAS: www.yourchoice.tas.gov.au
VIC: www.tafe.vic.gov.au
WA: www.trainingwa.wa.gov.au/trainingwa
Information on VET FEE-HELP
www.studyassist.gov.au/sites/studyassist/helppayingmyfees/
vet-fee-help/pages/vet-fee-help
Information on Commonwealth Supported
Places, HECS-HELP, FEE-HELP, VET FEE-HELP,
OS-HELP AND SA-HELP
Accommodation
www.unistudent.com.au
www.australian–universities.com
Key websites continued
Tax file numbers
Australian online textbooks
www.ato.gov.au
www.booktopia.com.au
www.fishpond.com.au
Youth Allowance, Austudy and ABSTUDY
www.thenile.com.au
www.centrelink.com.au
Scholarships
Rent textbooks
www.bookhero.com.au
www.thecampusbookstore.com/Category/Rental
www.myfuture.edu.au
www.unidbooks.com.au
www.grantsearch.com.au
www.zookal.com
www.deewr.gov.au
Budgeting
Job related
www.youth.gov.au
www.asg.com.au
www.ato.gov.au
www.moneysmart.gov.au
Discount and secondhand shopping
Estimating education costs
Various opportunity shops
www.textbookexchange.com.au
www.asg.com.au/calculator
Government support
Frequently asked questions
Frequently asked questions
How do I find out what courses are available in the VET
and university sectors, what they cost and how to apply?
There are lists of all these courses on the following websites:
www.training.gov.au
www.training.com.au
www.myfuture.edu.au
For more information refer to the Course Costs and the Useful Websites
sections of this guide.
How do I find up-to-date information on Commonwealth
Supported Places and the HECS-HELP and VET FEE-HELP
tuition bands?
The Study Assist website www.studyassist.gov.au is the best source.
However, your university will have copies of the guide, Information for
Commonwealth Supported Students published each year.
How do I find out if I am eligible for Youth Allowance?
Contact Centrelink or your campus student services advisor. Do your
homework beforehand, and make sure you have information on your
parents’ income for the previous tax year, if you are likely to be considered
as a ‘dependent’ student. Use the Centrelink calculator found at:
For more information, refer to the Government Support section of this guide.
When should I apply for a Centrelink health care card?
As soon as you finish your secondary school exams.
How do I get Rent Assistance?
You can apply through Centrelink. You have to be eligible for Centrelink
Youth Allowance benefits and live away from home. For details on the
criteria contact Centrelink or go to www.centrelink.gov.au and look up
Rent Assistance.
For more information refer to the Government Support section of this guide.
How do I find out what my personal HECS-HELP debt is?
If you are eligible for Centrelink benefits as a dependent student and
are living away from home you are entitled to two return trips each year
between your home and your campus. You apply through Centrelink.
There is not a lot of information provided on the Fares Allowance by
Centrelink so make sure you follow this up. They may require receipts.
Through the Study Assist website www.studyassist.gov.au. Here you can
enter your Commonwealth Higher Education Student Support Number
(CHESSN), which is allocated to you by your university or VET provider. The
number will also appear on your Commonwealth Assistance Notice (CAN).
Can I apply for Fares Allowance?
For more information, refer to the Government Support section of this guide.
Frequently asked questions continued
Should I consider deferring from my course?
What should I know about renting with other students?
Some students take a year off study either at the beginning of or during
their course. Students may defer their study for a range of reasons,
including taking a break from study, uncertainty regarding course choice
or travel.
You should arrange a house meeting early on to sort out household
responsibilities such as shopping, bills and rent payments, cleaning and
cooking, and dispute resolution.
Some students may defer in order to work and get the ‘independent’ rate
of Youth Allowance. Before deferring, talk with your parents or advisors at
your school or institute. If you are deferring to become eligible for Youth
Allowance make sure you know the required criteria. Refer to the chapter
on: ’Government Support’ It is important to contact Centrelink for more
information.
How do I get part-time employment?
Have up-to-date copies of your resumé and references. Complete a
‘Responsible Serving of Alcohol’ and/or ‘Food Handling’ certificate. Prior
experience, promoting your enthusiasm and a lot of ‘door-knocking’ at
businesses will help.
For more information, refer to the Employment Options section of
this guide.
When should I buy my textbooks?
It’s best to wait and see which textbooks are ‘required’ and which are
‘recommended’.
For more information, refer to the Accommodation Costs section of
this guide.
How do I apply for scholarships?
Make sure you know the criteria, application procedures and cut off dates.
Have character references ready in advance and forward them when
required. Don’t be put off if you miss out, reapply the following year.
Check out the Study Assist website www.studyassist.gov.au and other
websites detailed in the Scholarships section of this guide. Also Google
‘Australian Undergraduate Scholarships’.
Can scholarships affect my Youth Allowance?
In some cases, Centrelink considers scholarships as ‘earned’ income and
this could affect your Youth Allowance payments. It is important to check
with Centrelink. Australian Government scholarships are not considered
by Centrelink as earned income so they will not affect your Youth
Allowance payments. Up to $7223 of merit and equity scholarships (2012
figure) will not be considered as earned income by Centrelink.
For more information, refer to the Government Support section of
this guide.
Frequently asked questions continued
Is my Youth Allowance assessed as taxable income?
Yes. You can choose to have tax taken out of your Youth Allowance if
you wish but you will need to advise Centrelink of your request. Most
students don’t have tax taken out since they probably won’t go over the
tax threshold.
How do I change from student residence accommodation
to renting?
It is important to thoroughly read the contract before you sign. There may
be time limits for how long you are required to stay in student residences.
Usually contracts cover at least one semester or more than likely, the full
academic year. There may be penalties for leaving early. Explore these
issues before making your final decision.
For more information, refer to the Accommodation Costs section of
this guide.
Uni and TAFE 2013:
Other information
Other information
Glossary of terms
Glossary of terms
ABSTUDY
ABSTUDY is a scheme for Indigenous Australian students to financially
assist their retention at school and further studies.
Australian Scholarships Group (ASG)
ASG is a member driven, not-for-profit friendly society that assists parents
to provide for their children’s future education costs in Australia and
New Zealand.
Austudy
An Australian Government scheme administered by Centrelink, Austudy
assists students over the age of 25 who are beginning tertiary courses.
Census
Refers to the deadline date where students must submit their request
for FEE-HELP and pay any ‘up front’ tuition fees. It is also the last date to
amend enrolment without being liable for course fees. It may differ from
institution to institution. Be careful.
Centrelink
The Federal Government agency that administers ABSTUDY, Austudy and
Youth Allowance.
Centrelink Health Care Card
Gives concessions to the cardholder, i.e. discounted prescription
medicines, car registration, utility bills, free ambulance cover and public
transport concessions.
Centrelink Income Bank
Gives Centrelink recipients, who are working, some flexibility in the
amounts they can earn at different times throughout the year.
Centrelink Liquid Assets Waiting Period
This is a waiting period penalty (up to 13 weeks) for Centrelink applicants
who are single without dependent children if they indicate that they have
more than $6,000 (2012 figure) in monetary assets at the time of applying.
Centrelink Rent Assistance
This is additional financial assistance available to students on Centrelink
benefits if they are required to live away from home to study.
Centrelink Fares Allowance
Students receiving the dependent ‘living away from home’ allowance can
claim two return trips each year from their home to their campus. Check
Centrelink for details.
Centrelink Advance Payments
A lump sum payment (up to $500), which allows eligible students on
Centrelink benefits to access funds to cover living costs. It is repaid
through a fortnightly deduction from their allowance.
Other information
Glossary of terms continued
Commonwealth Learning Scholarships
Scholarships specifically to assist Indigenous and rural and regional
students who leave home to study. There are two types of scholarships
for these students—Commonwealth Education Scholarships and
Commonwealth Accommodation Scholarships. A student is able to
hold both at the same time.
Note: These scholarships are available only to those students who
previously received them, subject to academic progress and
full-time status.
Commonwealth Supported Places (CSP)
Places at universities that are subsidised by the Australian Government.
Community Training Organisations
These are organisations that provide Vocational Education and Training
(VET) opportunities to students.
FEE-HELP
This is a scheme for students who do not enrol in a Commonwealth
Supported Place at a university. This is applicable to many fee paying VET
courses and other undergraduate or postgraduate courses that don’t offer
CSP places such as private universities and Open University.
HECS-HELP
A loan from the Australian Government that allows university students to
defer their tuition fee and repay their debt at a later time.
OS-HELP
A HECS type loan scheme to assist students who are undertaking a
portion of their course overseas. Students can receive one loan per six
months for up to two study periods.
Registered Private Providers
Privately run colleges that provide Vocational Education and Training
(VET) opportunities to students.
Relocation Scholarships
Available to dependent students on Centrelink benefits who have to live
away from home to study.
RSA
This is a certificate course in the Responsible Serving of Alcohol. It is
usually completed in VET institutes.
Rural Tertiary Hardship Fund
This fund has been discontinued as of 1 January 2012.
SA-HELP
This is a loan program to assist students to pay their Student Services and
amendities fee.
Start-up Scholarships
Available to Youth Allowance, ABSTUDY and Austudy students each year
of their course.
Student Concession Card
Gives students discounts on public transport.
Other information
Glossary of terms continued
Student Services and Amenities Fee (SSAF)
A compulsory fee of up to $273 levied by the university to cover
services such as sporting and recreational activities, careers and
employment services, childcare, financial advice and food services.
You can use a HECS type loan to pay the fee.
TAFE
Technical and Further Education institutes, which offer a wide variety of
VET courses.
Tax File Number (TFN)
This is an individual number assigned to you by the Australian Taxation
Office. Students need to have a TFN to be eligible for a Commonwealth
Supported Place at a university, to get employment, apply for a Centrelink
Health Care Card and receive Centrelink benefits.
VET Courses
Vocational Education and Training courses are provided by TAFE,
Registered Private Providers and Community Training Organisations.
VET FEE-HELP
This is a HECS-HELP-style loan scheme specific to the Vocational
Education and Training (VET) courses.
Youth Allowance
A scheme administered by Centrelink to assist eligible students to receive
benefits while studying. You can be eligible generally from the age of 16.
There are some exceptions for homeless students.
Other information
Reference list
Reference list
A Picture of the Nation – 2070.0 Canberra 2006, Australian Bureau of Statistics,
viewed 25/01/13 http://www.abs.gov.au/ausstats/abs@.nsf/mf/2070.0
ABSTUDY Australian Government Department of Human Services, viewed
25/01/13, http://www.humanservices.gov.au/customer/services/centrelink/
abstudy
ASG’s Online University Costs Calculator Australian Scholarships Group (ASG),
viewed 25/01/13 www.asg.com.au/calculator
Australian Government Review of Higher Education Professor Denise
Bradley, December 2008, Executive Summary viewed 25/01/13,
http://www.innovation.gov.au/HigherEducation/ResourcesAndPublications/
ReviewOfAustralianHigherEducation/Pages/default.aspx
Austudy Australian Government Department of Human Services, viewed
25/01/13 http://www.humanservices.gov.au/customer/services/centrelink/
austudy
Centrelink, allowances and payments Victoria Legal Aid, viewed 25/01/13
www.legalaid.vic.gov.au/735.htm
Commonwealth Scholarships Australian Government Department of
Industry, Innovation, Science, Research and Tertiary Education, viewed
25/01/13 http://www.innovation.gov.au/HigherEducation/StudentSupport/
CommonwealthScholarships/Pages/default.aspx
FEE-HELP Australian Government Study Assist, viewed 25/01/13
http://studyassist.gov.au/sites/studyassist/helppayingmyfees/fee-help/
pages/fee-help Financial assistance for regional students moving away from home The
Good Universities Guide, viewed 25/01/13 http://gooduniguide.com.au/Latestnews/Financial-assistance-for-regional-students-moving-away-from-home
Guide to tax file numbers Australian Taxation Office, viewed 25/01/13
http://www.ato.gov.au/content/00229875.htm
Income and assets test for Youth Allowance Australian Government
Department of Human Services, viewed 25/01/13 http://www.humanservices.
gov.au/customer/enablers/centrelink/youth-allowance/income-assets-test
Liquid assets waiting period – amendment 2012-13, Australian Government
Department of Human Services, viewed 25/01/13 http://www.humanservices.
gov.au/corporate/publications-and-resources/budget/1213/measures/youngpeople-and-students/doubling-liquid-assets
Loan Repayment Australian Government Study Assist, viewed 25/01/13
http://studyassist.gov.au/sites/studyassist/payingbackmyloan/loan-repayment
Locking in or Losing Prosperity: Australia’s Choice Business Council of
Australia, July 2005, viewed 25/01/13 http://www.bca.com.au/DisplayFile.
aspx?FileID=380
Commonwealth supported places and HECS-HELP information for 2013
Australian Government Study Assist, viewed 25/01/13 http://studyassist.gov.au/
sites/studyassist/helpfulresources/pages/publications
Low Income Health Care Card Australian Government Department of Human
Services, viewed 25/01/13 http://www.humanservices.gov.au/customer/
services/centrelink/low-income-health-care-card
Fares Allowance Australian Government Department of Human Services,
viewed 25/01/13 http://www.humanservices.gov.au/customer/services/
centrelink/fares-allowance
Lowering the HECS-HELP discount Australian Government Study Assist,
viewed 25/01/13 http://studyassist.gov.au/sites/studyassist/news/pages/
loweringthehecshelpdiscount
Other information
Reference list continued
Options for receiving advance payment Australian Government Department
of Human Services, viewed 25/01/13 http://www.humanservices.gov.au/
customer/enablers/advance-payment
OS-HELP Australian Government Study Assist, viewed 25/01/13
http://studyassist.gov.au/sites/studyassist/helppayingmyfees/pages/os-helploans-and-study-overseas
Personal income test for ABSTUDY, Austudy and Youth Allowance Australian
Government Department of Human Services, viewed 25/01/13
http://www.humanservices.gov.au/customer/enablers/personal-income-tests
Pharmaceutical Benefits Scheme Australian Government Department of
Human Services, Medicare, viewed 25/01/13 www.medicareaustralia.gov.au/
public/services/scripts/saving-money.jsp
Relocation Scholarship Australian Government Department of Human
Services, viewed 25/01/13 http://www.humanservices.gov.au/customer/
services/centrelink/relocation-scholarship
Rent Assistance Australian Government Department of Human Services,
viewed 25/01/13 http://www.humanservices.gov.au/customer/services/
centrelink/rent-assistance
Repaying your HELP debt 2012-13 Australian Taxation Office, viewed 25/01/13
http://www.ato.gov.au/individuals/PrintFriendly.aspx?ms=individuals&doc=/
content/00326053.htm
Rural Tertiary Hardship Fund Australian Government Department of Industry,
Innovation, Science, Research and Tertiary Education, viewed 25/01/13
http://www.innovation.gov.au/HigherEducation/Funding/
RuralTertiaryHardshipFund/Pages/default.aspx
SA-HELP loan Australian Government Study Assist, viewed 25/01/13
http://studyassist.gov.au/sites/studyassist/helppayingmyfees/sa-help/pages/
sa-help
Student Services and Amenities Fee (SSAF) Australian Government
Department of Industry, Innovation, Science, Research and Tertiary
Education, viewed 25/01/13 http://www.innovation.gov.au/
HigherEducation/StudentSupport/Pages/StudentServicesAndAmenities.
aspx
Student Start-up Scholarship Australian Government Department of
Human Services, viewed 25/01/13 http://www.humanservices.gov.au/
customer/services/centrelink/student-start-up-scholarship
Study Assist FAQs Australian Government Study Assist, viewed 25/01/13
http://studyassist.gov.au/sites/studyassist/helpfulresources/faqs
Study loads for Austudy and Youth Allowance Australian Government
Department of Human Services, viewed 25/01/13
http://www.humanservices.gov.au/customer/enablers/centrelink/youthallowance/study-loads
The Occupations and Earnings of Young Australians: The Role of
Education and Training Gary Marks, 2008, LSAY Research Report 55,
ACER viewed 25/01/13 www.acer.edu.au/documents/LSAY55.pdf
VET FEE-HELP Australian Government Study Assist, viewed 25/01/13
http://studyassist.gov.au/sites/studyassist/helppayingmyfees/vet-feehelp/pages/vet-fee-help
What happened to the Student Learning Entitlement (SLE) systems?
Australian Government Study Assist, viewed 25/01/13
http://www.studyassist.gov.au/sites/studyassist/helpfulresources/faqs/
pages/faqs
What price the clever country? The costs of tertiary education
in Australia today Alicia Payne, NATSEM Report, December
2008, viewed 25/01/13 http://www.natsem.canberra.edu.au/
publications/?publication=what-price-the-clever-country-the-costs-oftertiary-education-in-australia-today
Youth Allowance Australian Government Department of Human
Services, viewed 25/01/13, http://www.humanservices.gov.au/customer/
services/centrelink/youth-allowance
Other information
Index
Index
ABSTUDY 29-31, 33, 40
Accommodation options and costs 8, 10, 24-26, 31, 33, 39, 42, 43, 46
Budgeting Template 12
Australian Scholarships Group (ASG) 4, 11, 52
Austudy 6, 29, 31, 33, 35, 40, 45
Author - Vince Callaghan 6
Benefits of further education 4-5
Budgeting 8-14, 25, 40
Census 17, 20-21, 45
Centrelink references 16, 22-23, 26-27, 29-35, 40, 41-43, 45-47
Commonwealth Accommodation Scholarship 33, 46
Commonwealth Supported Place (CSP) 9, 11, 16-17, 39, 41, 46, 47
Community Training Organisations 5, 16, 46, 47
Compulsory university student fee 20
Computers 22-23
Concession card 22, 46
Course costs 8-9, 11, 16-21, 24, 41,
Employment options for students 31, 35, 42
Equipment 8, 9, 22-23
Estimated annual post-secondary study costs 8, 9-11
Failing course units 20
FEE-HELP 20, 39, 45-46
Full-fee tuition courses for Australian university students 20
Glossary of terms 45-47
Government support 29-32, 33, 40, 41,42
HECS-HELP 18-21, 24, 39, 41, 46
Health care card 16, 22-23, 26, 27, 29, 30, 32, 41, 45, 47
Help 37
Living costs 8, 27, 35
OS-HELP 21, 39, 46
Payment options for Commonwealth Supported Places (CSP) 17
Registered Private Providers 16, 46. 47,
Relocation Scholarship 29, 31-33, 46
Responsible Serving of Alcohol (RSA) 35, 42, 46
Scholarships 29, 31-34, 40, 42, 46
Start-up Scholarship 29, 31, 33, 46
Student Learning Entitlements 20
Student Services and Amenities Fee (SSAF) 9, 20, 47
Study Assist 17, 19, 21, 41-42
Study-related costs 22-23
Tax File Number (TFN) 16, 17, 21, 39, 40, 47
Textbooks 8-9, 22-23, 40, 42
Travel 22-23, 26-27, 29, 32, 36, 42
Tuition fees 8-9, 11, 16-18, 45
University course bands 18
University courses 16, 17-18, 21, 39
University websites 21, 24
VET courses 16, 22, 24, 33, 39, 46-47
VET FEE-HELP 16-17, 21, 24, 39, 41, 47
Withdrawing from a course or subjects 17, 20-21
Youth Allowance 29-35, 38, 40, 41-43, 45-47
About the Australian Scholarships Group (ASG)
noodles is provided to students and parents as an education support
initiative of the Australian Scholarships Group (ASG).
Not-for-profit organisation and Australia’s specialist education benefits
provider, the Australian Scholarships Group (ASG), offers parents a proven
and proactive way to help nurture and fund their children’s education.
As a not-for-profit organisation, ASG Members share the benefits.
To date, more than 294,000 families have enrolled their children with ASG.
ASG has returned more than $1.6 billion in education benefits to Members
and their children since its inception and currently has more than $1.6
billion in funds under management.*
For more information about ASG and its range of education and
parenting support initiatives visit www.asg.com.au or call 1800 648 945.
ASG’s How to Survive Uni and TAFE 2013: without living on
two-minute noodles
- Published 2013.
* Figures correct as at 1 July 2012.

ASG’s How to Survive Uni and TAFE 2013: without living on two-minute noodles

Transcription

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