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

  • Image- study group, 750px
    Why fluent English speakers don’t always get a perfect score
    By PTE Author
    Reading time: 2 minutes

    Being an experienced English speaker does not guarantee you a high score

    It can come as a surprise to test takers, who consider themselves to be fluent in English, that they can score less well in an English test than they expect.

    Dr. Alistair Van Moere, a member of Pearson’s Technical Advisory Group, explains that it’s not unusual for people who have recently learned English to score higher than those that have spoken English for a long time. This happens on all high-stakes tests, not just on PTE Academic, as fluent speakers are often not prepared to do the test. PTE Academic contains question types that a fluent English speaker may not have done for a long time, for example, writing an essay.

    This is why all test takers, including fluent English speakers, should prepare before test day.

  • Image - 2 Asian students - 800x600px
    Sitting PTE Academic for the first time
    By PTE Author
    Reading time: 3 minutes

    Choosing to study or migrate abroad is a big decision and may require you to demonstrate your skills in English.

    The Pearson Test of English Academic (PTE Academic) is widely trusted by universities, colleges, and governments around the world. Taking PTE Academic can create opportunities for you around the world.

    If you are taking the test for the first time, study each part of the test thoroughly to demonstrate your English skills as best you can.

    Even people that consider themselves to be fluent in English need to prepare as they can sometimes score fewer points than they should have as they have not prepared.

    We can help you achieve your best!

    What should I expect on test day?

  • Image - Woman reading- 800px
    Reading: Core English skills part 1
    By PTE Author
    Reading time: 5 minutes

    In PTE Academic Part 2: Reading, you will be required to read a text in each question to understand what it means in order to answer the question.

    To identify and develop your reading skills we’ve put together some information to help you.

    Grammar

    Grammar skills are important as they help you understand what you are reading. In Part 2: Reading you need to understand the meaning of the tense system, how articles work and how to use pronouns.

    Tense

    The tense system refers to the way in which you write about situations in the past, present or future. It’s important to be able to understand how time is expressed in reading texts in order to understand the meaning of the text.

    To learn more about the tense system view the Anglo-Link’s video on tenses.

    Articles

    In the reading section, you will also need to understand how articles work in English. Articles are words such as ‘the’, ‘a’ and ‘an’.

    Knowing how articles work will help you to understand the topic sentence in a paragraph and that will help locate an answer in a reading passage. This will help you with the Re-order Paragraphs question types in the test.

    Indefinite articles (a or an) usually come before the definite article (the) before the same noun.

    For example, An eminent scientist worked for years trying to find a new species of exotic bird. She led a team of three field researchers. One of the team members found the bird in a tropical forest. Two years later the same team found another new species in the forest.

    You can learn how to use the correctly in this Oxford Online English video.

    Pronouns

    It’s important to also know what pronouns are to better understand the text you are reading. Pronouns are used to replace nouns so we do not have to keep repeating the same noun.

    Knowing how to use pronouns will help in the test, particularly in the Re-order Paragraph questions, as they help you identify the correct position of sentences within a paragraph.

    For example, Dr Gomez felt he needed to spend more time with his students when they were new to his faculty. There was so much information that he wanted to give them that he needed to spend more than a whole day with them, which surprised even himself.

    To learn more and practice using pronouns, visit Ginger Software’s pronoun page.

    Vocabulary

    Having a wide vocabulary will help you succeed in the PTE Academic test as you will not need to slow down for as many words that you do not understand.

    To widen your vocabulary you should:

    • Choose reading texts across a wide range of topics. Tip: Do not choose difficult texts.

    • Try to read the text and find words you do not understand, then try to work out the meaning from the context first. If you are still not sure, look the words up in a

       

    Word families

    When it comes to learning vocabulary, make sure to learn the word family of a word.

    For example, progress (noun/verb), progressive (adjective), progression (noun). To learn the words, use it ten times, in different ways, such as writing, speaking and reading within a short time.

    In PTE Academic you will need to know and demonstrate how to read a word, pronounce it correctly and how to spell it. You will also need to know if it is an academic or informal word and how to use it in a sentence.

    Learn more about three aspects of academic vocabulary in the Griffith University’s Learn English- Academic Vocabulary video.

    Context

    Another important skill to improve vocabulary is inferring unknown vocabulary from context. You should be able to guess the meaning of new words or phrases based on the words around it (the context).

    For example, you can guess the meaning of profligate from this sentence: The young man who spent all his money on expensive cars and holidays was so profligate that he wasted his whole fortune.

    Sometimes you will be unable to work out the meaning of a word from the context and will need to look it up in a dictionary.

    Collocations

    Lastly, you will need to understand collocations. Collocations are words that often go together. You will need to have a good understanding of collocations in order to answer the Reading: Fill in the Blanks and Reading & Writing: Fill in the Blanks questions.

    The more you read and listen to English, the more collocations you will learn. The PTE Academic Collocation List will also help you to learn these.

    You’ll also need to learn reading methods and styles of writing in order to do well in this part of the test. Read some helpful tips on how to improve these skills.