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. The maximum loan allowed for VET Diploma student loans is $500,  

For information about eligibility for a student loan, refer to the 'Special Assistance for Student - Student Loan Scheme Policy'. 

To apply for a Student Loan, please complete the Student Loan Scheme Application Form and submit with your supporting documentation (see Application Form) to

If you have further queries, please email or phone 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.

Student Loan Applications will only be considered if you are actively studying at the time of submitting your application (applications submitted during the academic term in which you are enrolled).

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.

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!

StepUp Loans

StepUP is a low interest loan for people on low incomes who have difficulty accessing credit from a bank. The program is a not-for-profit initiative between Good Shepherd Microfinance and National Australia Bank (NAB) who provides money for the loans. The loan is delivered by local community organisations where StepUP microfinance workers assist applicants to collect verification documents and complete the application for assessment at NAB.

StepUp Loans are designed specifically for people living on low income and can be used for broad range of worthwhile purposes, such as buying or repairing a motor vehicle, the purchase of furniture/ white goods, medical or educational expenses.To be eligible, applicants must hold a current Centrelink Health Care Card or Pension Card or receive Family Tax Benefit A. In addition, they must have lived at their current address for at least three months. Documents are required to verify income, expenditure, identification and loan purpose.

Please visit the St Vincent de Paul Society website for further information.

No Interest Loan Scheme (NILS)

You may be eligible for a No Interest Loan Scheme (NILS).

The NILS provides individuals and families on low incomes with access to safe, fair and affordable credit. Loan amounts are between $300 – $1,200 for essential goods and services such as fridges, washing machines and medical procedures. Repayments are set up at an affordable amount over 12 –  18 months.

Please visit the No Interest Loan Scheme website for further information.

The Smith Family SAVER PLUS

The key to improving financial capability is to encourage the development of a savings habit.

For lower income families, the benefits of saving, even small amounts, gives protection from financial shocks and builds confidence in managing money and dealing with banks and other financial institutions.

Saver Plus is a 10 month financial education and matched savings program that assists families to gain financial skills, establish a savings goal and develop long term savings habits. As an incentive to save, participants receive up to $500 in matched savings when they complete the program which can  be used for educational costs such as computers and tablets, text books and uniforms.

Saver Plus is an initiative of the Brotherhood of St Laurence and ANZ, delivered in partnership with The Smith Family, Berry Street, The Benevolent Society and other local community agencies. The program is funded by ANZ and the Australian Government, with ANZ providing matched savings for participants.

Set up in 2003 to encourage saving for educational expenses, Saver Plus is now offered by a range of community agencies in 60 communities across all states and territories in Australia.

Please visit the Smith Family website for further information.

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 available to them.