Australian loans for international students

PTE Author
PTE Author
Image, student, 800px x 451px
Reading time: 5 minutes

It’s not hard to understand why so many international students want to move to Australia. The country has a world-class education system, excellent climate, and high quality of life. But studying in Australia can be expensive – and you need to be financially prepared before you take the leap.  

In this blog, we’ll help you get started. We’ll explore the student loan options available for international students in Australia, as well as other ways to fund your studies.  

How much money will I need? 

Before you begin to research student loans, it’s important to understand how much it costs to live and study in Australia. You can use the Course Search Tool to find out detailed tuition fee for your dream course and the Cost of Living Calculator to estimate the living cost based on the city you want to move to.  

What student loans in Australia could I be eligible for? 

Australia’s student loan system is known as the Higher Education Loan Program (HELP).  Unfortunately, HELP can only be accessed by Australian citizens or individuals who hold a humanitarian visa. However, there are still lots of other student loans available for international students in Australia.  

University loans 

Universities across Australia provide loans for local and international students. Most institutions offer both short-term and long-term loans; these can help students cover emergencies, as well as pay for bigger expenses.  

Here are a few examples of what some universities offer:  

  • The University of Melbourne will loan eligible students up to$5,000 AUD ($3,883 USD) if they have an Australian co-signer. They’ll loan students up to $3,000 AUD ($2,330 USD) if their co-signer lives overseas or isn’t an Australian citizen/ permanent resident. 

  • The University of Sydney offers loans up to $2,000 ($1,550 USD), which can be paid back up to two years after graduation.  

  • Students in need of financial assistance at Monash University can take out loans between $750-$3,000 AUD ($544 – $2,330 USD), to be paid back within 6-12 months. 

Universities across Australia offer similar loans. It’s best to check directly with your institution to see exactly what loans are available to students – and to make sure you’re eligible.  

International student loan schemes  

You might be eligible to take out federal student loans in your home country to study in Australia. For example, students from the U.S., Canada, Sweden, Norway, or Denmark who attend the University of Sydney can access government funding from home.  

Private loans  

A private loan is one of the simplest forms of international student loans in Australia: you borrow money from a bank or similar lender and repay the loan (with interest) over an agreed-upon period of time. These loans can be secured – which means they’re tied to collateral – or unsecured. But with unsecured loans, interest rates are usually higher. 

How else can I pay for my studies? 

Student loans aren’t the only way to pay for your education in Australia. Here are a few other options to consider:  

Work in Australia  

Many international students are attracted to Australia because they know they’ll be able to work. Unlike other studies abroad destinations, you can work up to 48 hours every two weeks while studying and unlimited hours during study breaks on an Australian student visa. Even more, the minimum wage in Australia is $24.10 per hour or $915.90 per week – meaning many international students are able to pay for some of the costs associated with living in Australia while they study.   

Apply for scholarships 

There are a number of scholarship opportunities for international students in Australia – both funded by the government, and universities. Some, like Australia Awards scholarships, support students with full tuition, living costs, and airfare. Check out the Australian Government’s search tool to find a scholarship that’s right for you.  

Read more: scholarships for international students in Australia 

Take out a private loan in your home country

To apply for a student visa in Australia, you need to prove you have sufficient funds. For this reason, many students decide to take out a private bank loan in their home country before coming to study in Australia.

As you can see, there are lots of ways to fund your studies in Australia as an international student. But everyone’s financial situation is different, so we recommend doing lots of research to find a loan you feel confident about – and one that will work for you both during, and after university.

Still, deciding where in the world you want to study? Check out our article types of loans for international students, which explores more loan options in Canada, the U.S., and the U.K.

We are not immigration agents. For all up-to-date information about visa rules and regulations, see the official guidelines on the Australia Department of Home Affairs website.

Last updated 20 December 2024.

Related Content

  • [Asset] Friends walking along a beach
    G’day opportunity: Why so many people are moving to Australia
    By PTE Author
    Reading time: 5 minutes

    From world-famous beaches to stunning coral reefs, hopping wildlife to bbq-loving locals, it’s no wonder that Australia claims two top ten spots in the Global Liveability Index. 

    Whether you’re looking for bustling cities or quiet countryside, Australia is full of potential, with education, career opportunities and a sense of community being the biggest draws.  

    But how did people choose their new life down under? We talked to over 3000 PTE test takers who’ve migrated to Australia to find out why they made the move and what they love about their new home.  

    High-quality education

    According to our survey, over 64% identify Australia’s high-quality education system as a major pull. Australia takes in a huge number of international students, with over 810,000 enrolled to study in Australia from 2023.  

    A warm welcome and support for their existing international student population only encourages more to apply, creating a strong international community.  

    Those looking to study in Australia have a choice of more than 40 universities offering huge choices in academic programs.  

    On a student visa, you have the option to work part-time during your studies, allowing international students to support themselves while learning, and making Australia an affordable option for those looking to study in an English-speaking country.  

    Career opportunities

    One of the most appealing aspects of moving to Australia is the number of career opportunities. Top sectors shaping the economy and providing great employment opportunities include mining (14.3%), health and education (12.8%), and finance (7.4%).  

    Our PTE test takers told us they were able to find well-paid work, with some even going on to start businesses and buy a home down under. More than nine in ten (91%) are working full-time, with 72% employed in skilled professions with a median income of $93k.  

    Over 87% said they were looking to progress their careers in Australia, suggesting they’re feeling fulfilled in their work and optimistic about their long-term career options in the country. PTE Academic is recognized by a wide range of professional bodies for their skills assessments, including engineering, nursing and midwifery and accounting to name a few. This opens many doors for pursuing a career in Australia.   

    Sense of community

    A warm welcome and sense of community are what makes a new place become home. Beyond education and career opportunities, social integration was one of the main advantages of migrating to Australia.  

    We found that 84% of people that had moved to Australia say they’ve successfully built community connections, with 89% having experienced acts of kindness from others. Movers also report wanting to contribute to their new communities, with more than 1 in 10 taking part in volunteer activities.  

    This two-way integration makes Australia an attractive place to put down roots and become a part of the country’s diverse social fabric.

    A long-term move

    So many respondents shared their positive experiences of moving to Australia, with 8 in 10 saying Australia met or exceeded their expectations and 9 in 10 encouraging others to make the move and join them.  

    Many see it as a long-term move with 70% wanting to stay and gain permanent residency.   

    From education and employment opportunities to vibrant international communities, it’s easy to see why so many English-speakers are saying “G’day” to a new chapter in Australia.  

    Making it happen with PTE

    It takes ambition and commitment to start a new life abroad — along with the right support.  

    Our survey found that 66% of migrants felt their success at work in Australia was down to their English language skills.  

    PTE Academic is recognised by the Australian government for all visa categories and is accepted by 100% of universities in Australia.

    Designed to be faster, fairer, and simpler, 87% prefer PTE over similar tests. So, if the Great Australian Dream sounds like the right fit for you, take the first step with PTE.

  • [Asset] Smiling student
    Practice for PTE with Smart Prep’s Guided Practice Tests
    By PTE Author
    Reading time: 5 minutes

    Are you preparing for the Pearson Test of English (PTE) and looking for an effective way to practice? Look no further! Smart Prep’s Guided Practice Tests are your ticket to a more confident test day. These free mock tests are designed to give you a realistic experience of the PTE, helping you understand the test format and identify areas for improvement.  

    What Are Guided Practice Tests?

    Smart Prep offers Guided Practice Tests for both PTE Academic and PTE Core. Each category includes five tests: one short test that provides a condensed version of the exam, and four other tests focused on individual skills — speaking, writing, listening, and reading. These tests are available for free through Smart Prep as long as you create a myPTE account. Each skill-specific test contains the same number of questions as the actual exam, guiding you through the process with sample answers and feedback. 

    How to use Guided Practice Tests effectively

    For Speaking and Writing questions:

    1. Create an exam-like environment: 

    • Remove any distractions from your workspace. 

    • Ensure your microphone is working properly. 

    • Start the test in a quiet setting.

    2. Read the introductory page: 

    • Understand how many questions are in each section. 

    3. Follow instructions carefully: 

    • Pay attention to any preparation time allowed for each question. 

    • Record yourself during the preparation time if applicable. 

    4. Record your answers: 

    •  Stick to the time limits (e.g., 30-40 seconds for Read Aloud). 

    5. Self-review: 

    • Listen to your recorded answer. 

    • Note what you did well and areas for improvement. 

    6. Compare with sample answers: 

    • Click on the sample answer button to listen to and read the sample response. 

    • Compare your answer with the sample, focusing on aspects like fluency and content.   

    7. Iterate and improve: 

    • Move on to the next question and repeat the steps. 

    • Give yourself ample time to review and understand the sample answers. 

    For Reading and Listening questions:

    1. Read instructions carefully: 

    • Understand what each question is asking for. 

    2. Attempt the question: 

    • Submit your answers after completing each question.   

    3. Review feedback: 

    • Check which answers were correct and which were incorrect. 

    4. Revise incorrect answers: 

    • Try to understand why your initial answer was wrong. 

    • Re-attempt the question until you get it right.  

    5. Analyze your performance:

    • Note any patterns in the types of questions you find difficult. 

    • Focus your study time on these areas. 

    The Benefits of Guided Practice Tests 

    Practicing with Smart Prep’s Guided Practice Tests will help you: 

    • Identify weak areas: Understand which types of questions you find challenging. 

    • Improve skills: Focus your preparation time on areas that need the most work. 

    • Build confidence: Familiarize yourself with the test format and question types. 

    • Enhance performance: Use sample answers to learn what a good response looks like and how to achieve it. 

    Why Smart Prep? 

    Smart Prep offers a structured, comprehensive, and user-friendly approach to PTE preparation. By using Guided Practice Tests, you’ll gain valuable insights into your performance and know exactly where to focus your efforts. Whether you find reading difficult or struggle with speaking fluently, these practice tests will guide you on your preparation journey.

    So, what are you waiting for? Start using Smart Prep’s Guided Practice Tests today and take the first step towards acing your PTE!

    Happy studying, and good luck on your PTE journey!

  • Group of nurses standing together in a hospital and clapping.
    Growing demand for international nurses in Canada
    By PTE Author

    An ongoing nursing shortage means well-trained international nurses are in high demand with many job openings to pick from.

    There’s no one cause of the nursing shortage in Canada; a combination of several factors mean the supply of nursing staff isn’t enough to meet demand:

    1. Aging population

    Canada's population is aging rapidly, with seniors projected to make up to 25% of the population by 2036. This demographic shift is increasing the demand for healthcare services, including nursing care.

    2. Retiring workforce

    A substantial portion of Canada's nursing workforce is nearing retirement age. According to the Registered Nurses’ Association of Ontario, a third of registered nurses providing direct care were over 50 years old in 2020, meaning a wave of retirements is on the horizon.

    3. Burnout

    The COVID-19 pandemic affected the mental health of as many as 83% of registered nurses in Ontario, with 34% considering leaving the profession as a result.

    4. Limited training capacity

    Despite growing demand, Canadian nursing schools have limited capacity to train new nurses. This bottleneck in education contributes to the ongoing shortage.

    The Canadian government has made a commitment to address the nursing shortage, allocating $2.8 million CAD to the Canadian Association of Schools of Nursing to develop a National Nurse Residency program.

    How many nursing job openings are there in Canada?

    Nurses are in high demand across Canada’s ten provinces and three territories, with significant numbers of job openings across the country.

    That demand is increasing, with the number of job vacancies for registered nurses and registered psychiatric nurses increasing by almost 10% in the third quarter of 2023.

    To help address the shortage, Immigration Refugees and Citizenship Canada (IRCC) has allocated $115 million CAD over the next five years, and $57 million CAD ongoing for expanding Canada's Foreign Credential Recognition Program, helping international nurses get their qualifications recognized by the Canadian government.

    Which Canadian provinces and territories have the highest demand for nurses?

    The biggest Canadian province is also the hungriest for nurses. In 2023, the Ontario Nurses Association reported a shortage of about 24,000 nurses, and the province has held the dubious honor of having the lowest nurse-to-population ratio for almost a decade.

    French-speaking Quebec isn’t far behind in the nursing need department. Canadian think tank MEI projected a shortage of about 10,000 nurses in 2021. French is the official language of the province, so you’ll need to have professional level French or be willing to learn.

    With an increasing number of residents over the age of 65, prairie province, Alberta, is facing its own nursing crunch. The provincial government even announced a Health Workforce Strategy with a pillar dedicated to attracting international healthcare workers.

    Nova Scotia and New Brunswick are also worth highlighting as they’ve recently introduced an accelerated license process for international nurses.

    Where do international nurses come from?

    According to the Canadian Institute for Health Information, about 8.9% of registered nurses in Canada in 2021 were internationally educated, highlighting the significant contribution of foreign-trained professionals to Canada's healthcare system.

    Nurses relocate to Canada from the Philippines and India, with many coming from the southern state of Kerala, known for its nursing education programs. More recently, there’s a growing trend of Nigerian, Jamaican, and Chinese nurses moving to call Canada home.

    From getting ahead in their careers to feeling welcome, here are eight key reasons why international nurses are drawn to Canada.

    What’s next?

    If you’re eyeing up a move North, you’ll need to submit your nursing credentials, take the NCLEX-RN to qualify for a Canadian nursing license if needed, and show you’ve got the necessary language skills.

    Get your move off to a stress-free start with the Pearson Test of English (PTE).

    With no additional speaking exam, PTE covers all four skills in one test using computer-based assessments to remove bias. It’s the faster, fairer, simpler way to evidence your English skills and start your next chapter.