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).
First-time borrowers are only eligible to apply up to level three loan $500. Students who default on their repayment schedule on any loan amount are only eligible to apply for a level 2 loan of $200.
How to apply
Students who wish to apply for a Student Loan are required to submit a Student Loans eForm and book an appointment with the Student Financial Assistance Officer, who is authorised to approve loans conforming to the Student Loans Policy.
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 under the heading What would you like to talk about? Click on Student Loans.
There are five levels of maximum loan amounts available to students comprising of:
Level One — Emergency Loan: $100 Maximum
Emergency loans are 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. Repayment terms 1 month.
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. Repayment terms 4 months maximum.
Level Three — Standard Loan: $500 Maximum
This level is available to eligible applicants. A guarantor will not be required for Level three borrowers. Repayment terms 8 months maximum.
Level Four — Practicum Loan: $1000 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. Repayment terms 8 months maximum.
Level Five — Standard Loan: up to $1500 Maximum
This level is available to students who have had a previous Level Three loan and repaid it according to their agreed repayment schedule. A guarantor is required. Repayment terms 10 months maximum.
For more information about obtaining a student loan from Southern Cross University or to make an appointment please contact:
Telephone: 02 6620 3220 or Freecall 1800 111 890
Other financial assistance: further information relating to other financial assistance.