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May 12 2017

University Course Costs for Permanent Residents 2017 Budget

Changes to Australian Permanent Resident University Costs from 2018

Commonwealth supported places

From 1 January 2018, subsidies for Australian permanent residents and New Zealand (NZ) citizens enrolling in a Commonwealth Supported Place (CSP) will be withdrawn, making them fee-paying students.
The Commonwealth will instead support permanent residents and NZ citizens through access to income-contingent loans which means that they will not have to meet the cost of upfront fees.

Permanent Residents:

If you are a commencing student from 1 January 2018, you will be enrolled in a fee paying place and will have access to a FEE-HELP loan.

If you are a commencing student from 1 January 2018 who defers their studies, you will be enrolled in a fee paying place and will have access to a FEE-HELP loan.

If you are currently enrolled in a Commonwealth Supported Place you will have two options:

  • You can continue your course in a CSP and continue to pay your student contribution amount upfront.
  • Alternatively, you can choose to transfer your enrolment to a fee paying place and access a FEE-HELP loan to pay your fees.

Reason for these Changes:

Education funding since 2009 has increased by 71 per cent, twice the rate of economic growth, and average funding for universities per student increased by 15 per cent between 2010 and 2015.

Sources:

http://studyassist.gov.au/…/hereform-faqs

http://studyassist.gov.au/…/commonwealth-supported-places

http://studyassist.gov.au/…/2017he-reforms-student-overview



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