What Happens Next?

When you apply for Financial Aid, several factors are taken into consideration, such as total family income and earnings, assets, number in the household, and number attending college at once. The government then calculates an Expected Family Contribution, or EFC.

To determine your need, the Financial Aid staff subtracts the EFC from the Cost of Attendance. The Cost of Attendance includes tuition and estimated costs of room and board, travel, books, fees, and personal expenses.

Your award notification and confirmation

You will be advised about your eligibility for need and non-need based aid. You will be required to confirm your intent to take this amount, or any other lesser amount on the award letter prior to certification taking place. This award letter can then be used in your visa application to prove that you have access to sufficient funds.

If you are a dependant student, the award letter will also stipulate how much money your parents can draw down for this award year as a PLUS Loan, if they wish to.

It is strongly recommended that you plan on having sufficient funds available for accommodation, books, supplies, and any other personal expenses during the first six to eight weeks of classes in the event that there is some delay in your financial aid arriving from the US. Whilst we will do everything in our power to ensure this does not happen, we want you to be covered for every eventuality.

CLICK HERE if you wish to apply online for aid now.

Disbursement Methods and Dates

Central Queensland University will deliver loan funds to existing students at the commencement of classes if your application is completed before this time. If you are a first time, first year undergraduate borrower, you will receive your funds 30 days after the commencement of term. Do not expect to receive funds prior to arriving in Australia.

Your Direct loan funds will be paid directly to CQUniversity. These funds will need to be converted from US funds into Australian dollars and you will be notified once this process has been completed by the university's bank. The funds will then be credited towards your tuition fee account and the remainder (if applicable) will be credited to your bank account (or in accordance with your disbursement options).