Academic Services

Financial Aid

Student Loan Fund

La Trobe University provides an interest-free loan scheme for currently enrolled students in financial need.

Purpose

Student loan support is available to assist with costs of study including, but not limited to, books, equipment, computer software and hardware, travel for University based research and course placement. Loans will not be granted for daily parking costs at University campuses or daily transport costs.

Value

Loans range up to $2,500 per student, with provision for loans up to $4,000 in cases of special need. Loans above $200.00 normally require a guarantor who is either a permanent resident or an Australian citizen and who meets other specified criteria.

Eligibility

To be eligible for a loan:

•  You must be a currently enrolled La Trobe University higher education student as defined by La Trobe University Statute 1

•  You must be unable to continue with University studies without the financial support

•  You must demonstrate your ability to repay the loan

•  Receipt or expenditure of the student loan would not be inconsistent with any legal obligations upon you (including any visa obligations) and would not be inconsistent with any previous declarations made by you to the University or to any Commonwealth or State Government Authority regarding your ability to meet the costs of travel, tuition or living expenses

Application Procedure

•  Read the Student Loan Fund Information Flyer and request an application form and a copy of the current Students' Loan Fund Policies by telephoning (03) 9479 5622/9479 7500 or by emailing finaid@latrobe.edu.au

•  Complete the application form and attach the following documents:

•  Proof of identity (i.e. Student Card, Driver's Licence or Learner's Permit)

•  Proof of ongoing income (i.e. Centrelink documentation, pay slips or scholarship documentation)

•  Evidence of the cost of the course-related items for which funding is sought

• Bank Account Details
  
  
• Details of guarantor
  
  
• Proof of guarantor identity

•  Lodge the complete application package at the Financial Aid Office of any campus

 

Approval Process

Loan applications will be considered by a Students' Loan Fund Applications Committee in accordance with policy and conditions approved by the Students' Loan Fund Standing Committee. The approval and payment of a loan may take up to four weeks. It is in your best interest to ensure that your application is complete, with all required documentation, to minimise delays.

Repayment

Loans must be repaid to the Students' Loan Fund within a time prescribed by the Applications Committee. A due date and monthly repayment schedule will be set as part of the approval process and written into the loan contract. Extensions and variations to agreed loan repayment schedules may be approved by the Students' Loan Fund Applications Committee.

Loan payments may be made by cash, cheque or money order, BPay or credit card.

Further Information

Loans from the Students' Loan Fund are governed by University Statute 26 and Regulation 26.1 and by the policies and procedures of the Students' Loan Fund Standing Committee which may change from time to time without notice. All applicants should familiarise themselves with these documents.

For further information, contact the Financial Aid Office by phone at (03) 9479 5622/9479 7500 or by email at finaid@latrobe.edu.au

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