OS-HELP loan amount
How much is an OS-HELP loan?
Eligible students may apply to borrow between $1000 and $6,470 in 2016 (indexed annually) per six-month study period, with the exception of students undertaking overseas study in Asia, who may apply for:
- an increased maximum loan amount of $7,764 (2016 amount) if studying in an eligible Asian country ; and
- a supplementary loan amount of $1,035 (2016 amount) to assist with the cost of language study undertaken in preparation for overseas study in Asia.
Eligible students may receive up to two OS-HELP loans in their lifetime; however the second loan can only be paid 6 months and one day after the first. There is no loan fee applied to OS-HELP loans and the amount you borrow will be added to your existing HECS debt.