The U.S. Federal Government has allowed many of the Australian universities to distribute the Federal Stafford Loan application for U.S. students undertaking a full degree in Australia. This means that you may be eligible to apply for a Stafford Loan for your degree in Australia and be liable for the benefits and re-payment schemes of that loan program. Although AustraLearn in not a financial aid office, our enrollment services coordinator will advise you on the procedures for applying for the Federal Stafford Loan. The amount of aid you can receive will depend upon the cost of the educational program you wish to attend, the amount of previous loans you still have outstanding, and the amount of aid normally available to graduate students. Unsubsidized loans require you to pay the interest of the loan regularly starting from the issue day.
Subsidized loans allow deferment of the loan and interest until graduation.
The amount of aid you can receive will depend upon the cost of the educational program you wish to attend, the amount of previous loans you still have outstanding, and the amount of aid normally available to undergraduate students. Unsubsidized loans require you to pay the interest of the loan regularly starting from the issue day. Subsidized loans allow deferment of the loan and interest until graduation. At this time, there are limited resources to attend an Australian university who is not qualified to distribute the Federal Stafford Loan Program, although many universities offer their own scholarship schemes for specific degrees. You may also inquire at your local bank about separate loans for these types of programs.