Although the cost of studying in Australia may seem daunting at first, you may be surprised to learn that there are some “loopholes” that could be available to you as a foreign student wanting to study in Australia.
Subsidised financial aid from your home government
Since applying for financial assistance is more difficult for foreign students, it’s important to know what your options are. If you have clear financial needs, you may be able to access financial aid from your home government to help fund your study abroad program. However, as a student, you must ensure that your chosen institution qualifies for the particular type of financial assistance since not all Australian institutions are eligible for overseas financial aid.
Scholarships from Australian institutions
If you don’t qualify for subsidised financial support from your home government, you may be able to find a scholarship in Australia that’s specifically geared towards helping overseas students. Given that many Australian universities offer scholarships, it may be worth making further enquiries to see whether your chosen institution offers any other financial incentives.
Speak with your IDP Education counsellor for information on the latest scholarships available in your city.
Scholarships aside, anyone can fund their education through student loans. When applying for a student loan, ensure that your chosen institution is eligible for study abroad loans. It is also important that you consider carefully the cost, interest and length of the loan to make sure you can manage it long-term.
Combination of multiple financial aids
Don’t limit yourself to just one - some students are able to make it work with a combination of student loans, scholarships and part-time work. This enables them to earn their degrees, and at the same time, gain work experience that can create a competitive edge in the workplace. This also helps them pay off their loans, too.
To find out more about studying in Australia and which university is right for you, you can speak with one of our student services offices.