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Students

Student loans

The University operates a Student Loan Scheme designed to provide small interest-free loans to currently enrolled students who can demonstrate genuine need and whose continued attendance at the University is in jeopardy due to financial hardship.

Student loans are available to Australian students and full-fee paying onshore international students, or students with permanent residency status, who are formally enrolled in a Commonwealth funded course of study at SCU.

Student loans are not available to exchange students or to be used to make payments under the Higher Education Loan Program (HELP).

Postgraduate loans

See the Postgraduate Student Loans page for more information.

Undergraduate loans

Students who wish to apply for a Student Loan are required to submit a Student Loans eForm and attend an interview with the Student Financial Assistance Officer, who is authorised to approve loans conforming to the Student Loans Policy.

Phone interviews are available to online students and those who are unable to attend an interview in person.

Students must book a student loan appointment by going to CareerHub and log in using your MySCU username and password. Click on Appointments then select from the Type drop-down box and select Student Loans-Lismore or Student Loans Gold Coast.

There are eight levels of maximum loan amounts available to students comprising of:

Level One - Emergency Loan: $100 Maximum
This level is to assist students who are experiencing unforeseen short term financial hardship or who are in crisis. No guarantor is required for Level One loans [More information on emergency loans].

Level Two - Standard Loan: $200 Maximum
No guarantor is required for Level Two loans. Level Two loans may not be available to students who have had a previous loan and have failed to meet the requirements of the specified repayment schedule under the agreement.

Level Three - Standard Loan Internet: $300 Maximum
This level is available to students to assist with setting up costs associated with internet access and upfront costs. Students must provide all details, such as quotes and invoices to receive this loan. A guarantor will be required.

Level Four - Standard Loan: $500 Maximum
This level is available to eligible applicants. Students who have had a previous level four loan and successfully repaid the loan in accordance with the repayment schedule will not require a guarantor. A guarantor will be required for first time Level Four borrowers

Level Five - Practicum Loan: $600 Maximum
This level is only available to students who are about to commence practicum for a minimum of two weeks. Course details and dates need to be provided and repayment will not commence until two months after the loan has been issued. A guarantor will be required.

Level Six - Standard Loan: $800 Maximum
This level is available to eligible applicants. Students who have had a previous level four loan and successfully repaid the loan in accordance with the repayment schedule. Guarantor is required.

Level Seven - Standard Loan: $1000 Maximum
This level is available to eligible applicants. Students who have had a previous level four loan and successfully repaid the loan in accordance with the repayment schedule. Guarantor is required.

Level Eight - Standard Loan: $1500 Maximum
This level is available to students who have had a previous Level Four and above loan and repaid it according to their agreed repayment schedule. Guarantor is required.

For more information about obtaining a student loan from Southern Cross University or to make an appointment please contact:

Student Financial Assistance Officer
UniLife, Goodman Plaza, Lismore Campus
Southern Cross University
PO Box 157 Lismore

Telephone: 02 6620 3220 or Freecall 1800 111 890
Email: studentloans@scu.edu.au

Other financial Assistance: further information relating to other financial assistance.

Funds for the Student Loan Scheme are provided by the States Grants (Tertiary Education Assistance) Act 1984. The Director of Student Services administers the Scheme.

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