Student Loans

CQUniversity Special Assistance for Students - Student Loan Service

Our Student loans are meant to assist students who are experiencing temporary financial difficulties, especially where adverse financial conditions impacts on study.

Loans are available for currently enrolled domestic students of CQUniversity to help with living expenses such as rent, electricity, phone bills and bond. You can also use the loan to pay for textbooks and any other course related expenses.  Please note: The maximum loan amount available is $1000.

For information about eligibility for a student loan, related policies and conditions and application forms, please refer to the Policy website and search for Student Loan.

To apply for a Student Loan, Please complete the Student Loan Scheme Application Form and submit with your supporting documentation (see Application Form) via one of the following delivery methods:

Post:
Building 31
CQUniversity
Bruce Highway
Rockhampton QLD 4702

In Person:
To your nearest CQUniversity campus
Fax: (07) 4930 9366
Email: ssc@cqu.edu.au

If you have further queries, please contact us by filling in the Scholarships/Financial Assistance eForm or by phoning 13 27 86.

The Student Loan application requires supporting documentation in order to be assessed. Please check all relevant points on the checklist before your appointment or submitting your loan. Loans are not available for capital purchases such as a car or house.

Banks - Student Loans

The following information was accurate at the time of publication and should be used as a guide only. It is recommended that students shop around and compare terms and conditions between student loan schemes. Be certain that you are choosing the loan that will be most suitable for your individual needs and purposes.

Commonwealth Bank

Applicants need to at least 18 years of age
Student Loans

• Borrow up to $5,000 for study related purposes, including general living expenses
• No repayments required until after graduation, or if you decide to transfer to part time study or you don't want to complete the course
• Fixed interest rate that is generally lower than that for Personal Loans
• No establishment fees
• No early repayment fees

To be eligible you must be an Australian citizen or permanent resident, a full-time student in a course that is acceptable to the Bank and have either successfully completed at least one year of study or be a Postgraduate student. Someone with a good credit rating will be required to guarantee your loan.

For more information call 13 2221 between 8am and 8pm, Monday to Friday. Alternatively, visit the Commonwealth Bank branch in your local area or visit the Commonwealth Bank website.

ANZ

Graduate Loans

• ANZ Graduate Loan is available to selected final year students and recent graduates
• Minimum loan amount is $5,000 and maximum loan amount is determined by field of study
• The interest rate is fixed for the first year and variable for the remaining four years
• No repayments required for the first year of the loan (Interest is accrued and debited to the loan at the expiration of the 12-month fixed rate interest term)
• Repayments can be automatically debited from an ANZ account after the first year
• The Graduate Loan is not restricted to just study related financial assistance

Terms and conditions are available on application. For further information, phone 1800 801 485 between 8am and 8pm Monday to Friday and select option 2 OR visit the ANZ website.

National Australia Bank

Deferrer Repayments Loan - Tertiary Student Package

• Loan only available for study related expenses
• Available only to students who have successfully completed their first year of study
• Applicants must be at least 18 to be eligible
• Must be an Australian Citizen or Permanent Resident
• A guarantor is required
• Repayments are deferred until the completion of study and then the loan must be repaid in 3 years
• Repayments can be made while studying

Please be aware that some banks may advise you to apply for a credit card if you wish to borrow less then $5,000. Make sure that you are aware of conditions and the interest rate of the credit card as the interest is often higher then that of a personal loan. Don't be lured if you aren't certain that you can pay the card back!

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 Bundaberg & District Neighbourhood Centre - No Interest Loan Scheme

The No Interest Loans Scheme provides interest-free loan for eligible person living on a low income, which may not otherwise be availalbe to them.