In 2025, Australian students have access to a variety of financial aid options, including scholarships, grants, income support, and student loans. These resources are designed to alleviate the financial burden of education and support students in their academic pursuits.
1. Scholarships and Grants
Numerous scholarships and grants are available to Australian students, both domestic and international. These include:
- Australia Awards Scholarships: Prestigious government-funded grants for students from developing countries in the Indo-Pacific region, covering full tuition, living expenses, and travel costs.
- University-Specific Scholarships: Institutions like the University of Melbourne offer over 1,200 scholarships, including those for academic excellence, financial need, and specific fields of study.
- University of Adelaide Scholarships: Offers various scholarships, such as the Global Academic Excellence Scholarship, providing up to 50% reduction in tuition fees for international students.
- University of Notre Dame Australia Scholarships: Provides financial support through bursaries and tuition fee remission for both domestic and international students.
2. Income Support and Payments
Eligible students can access various income support payments to assist with living costs:
- Youth Allowance: For students aged 24 or under, providing financial assistance based on income and assets.
- Austudy: For students aged 25 or older, offering financial support for full-time study.
- Student Start-up Loan: A voluntary loan of up to $1,321 per year to help with study-related expenses, repayable through the tax system.
- Education Entry Payment: A one-off payment to assist with the costs associated with starting study.
