Finance

  • cafe
We are willing to work with you and your institution so you have sufficient resources at your disposal, including OS-HELP, Short-Term Mobility Program, Austudy and AsiaBound. We also offer grants, scholarships and discounts for use on our programs.

Government Funding

OS-HELP Loan

OS-HELP is a generous Australian Government Loan scheme that allows eligible Australian university students to access up to A$8,799. The OS-HELP loan is applied to the student's HECS debt and standard conditions apply. Students should visit the Australian Government's Study Assist website for more information about HECS-HELP and OS-HELP, or contact CISaustralia.

Recent changes to the way OS-HELP is being administered have been beneficial to Australian students. Key elements of OS-HELP include:

  • OS-HELP is a loan available to eligible undergraduate and postgraduate students enrolled in a Commonwealth supported place who want to undertake some of their study overseas
  • Students can borrow up to $7,764 for studies within Asia, and an additional $1,035 if students undertake Asian language studies in preparation for studies in Asia
  • Students can borrow up to $6,470 (for studies outside of Asia)
  • Ultimately, the amount students can borrow using an OS-HELP loan is determined by their university in accordance with the OS-HELP policy
  • OS-HELP can be used for a range of expenses such as airfare, accommodation, and other travel or study expenses
  • Students may receive one loan per six-month study period and can access a total of two OS-HELP loans over their lifetime

OS-HELP Eligibility Requirements

Eligibility requirements can be updated from time to time by the Australian Government, so it is recommended students refer to the Study Assist website for a comprehensive guide to OS-HELP. Students would normally be eligible for OS-HELP if they meet the following requirements:

  • you are an Australian citizen or permanent humanitarian visa holder
  • you are enrolled in an undergraduate or postgraduate course with an Australian university
  • you will have one course of study left to complete (back in Australia) once you have finished your overseas study
  • you have a tax file number (TFN) or provide a ‘Certificate of Application for a TFN’

Students should contact CISaustralia or their university's International Office for more detailed information on OS-HELP.

Austudy
Australian citizens who are currently eligible for or receiving Austudy should be eligible to continue receiving this form of Australian Government financial assistance if they leave Australia temporarily for a study experience, if the study is part of their full-time Australian course. Australian students should closely review eligibility requirements on the Australian Government website or contact CISaustralia and their university's International Office for more detailed information.

AsiaBound Grants
AsiaBound provides funding in the form of $2,000 or $5,000 grants for around 3,600 Australian students each year to participate in a study experience in Asia. Students are able to undertake short-term mobility for a variety of experiences including practicums, clinical placements, research trips or volunteer projects for up to six months. Students are also able to undertake semester-based experiences for one or two semesters. In addition to study grants, AsiaBound offers grants of $1,000 for preparatory Asian language study that can be undertaken prior to or concurrently with an approved mobility project.

The Australian Government's AsiaBound student grants are administered by the student’s Australian institution (university). Students should contact their university's International Office or Faculty to obtain comprehensive information, including eligibility details, or contact CISaustralia for assistance.

Short-Term Mobility Program (STMP)
The Study Overseas Short-Term Mobility Program (STMP) funds projects managed by eligible Australian higher education providers (universities) to support Australian students to undertake meaningful short-term international study experiences in the Asia-Pacific, Middle East, Europe and the Americas. Participating students must be Australian citizens, or permanent resident visa holders of Australia, be enrolled in an undergraduate or postgraduate degree within their Australian university, and must not have previously received STMP funding.

Eligibility requirements for STMP can be updated from time to time by the Australian Government, and STMP student grants are administered by the student's Australian institution (university). Students should contact their university's International Office or Faculty to obtain comprehensive information, including eligibility details, or contact CISaustralia for assistance.

VET Outbound Mobility Program
The Vocational Education and Training (VET) Outbound Mobility Program provides funding for VET students (and staff) to undertake an international study or work placement. Funding is provided to both Australian public and private organisations (RTO’s). Participating students must be citizens or permanent residents of Australia and reside in Australia. Students may be eligible for subsidies of $2,000. Australian students should closely review eligibility requirements and program details or contact their institution's International Office for more detailed information.