OS-HELP (opens an external site) is a Commonwealth Government-funded loan scheme specifically for students who are studying overseas as part of their undergraduate studies.*
In your lifetime, you may apply to borrow a maximum of two loans through OS-HELP. Each loan is valued up to $6,250 per six-month period in 2014. Smaller loan amounts of $2,000 and $4,000 are available.
Students may apply for an OS-HELP loan for a short course under the following conditions:
- If studying overseas between one to four weeks, and will receive a minimum of 6cp for these studies
- If studying overseas between five to eight weeks, and will receive a minimum of 12cp for these studies
- OS-HELP loan must be used for overseas study that is undertaken within six months of the loan being awarded.
- The commencement date of each loan must be at least six months and one day apart.
- You incur an OS-HELP debt that is repaid directly to the Commonwealth Government (opens an external site) in the same way and under the same conditions that a HECS-HELP debt is repaid.
You are able to apply for OS-HELP loans in addition to other scholarships and grants administered by UTS.
Find out if you are eligible to apply for an OS-HELP loan (opens an external site).
*Changes to the OS-HELP loan scheme
On 28 June 2013, the Australian Parliament passed the Higher Education Support Amendment (Asian Century) Act 2013. The changes made to the OS-HELP scheme are listed below:
- From 1 January 2014, postgraduate Commonwealth supported students will also be able to access OS-HELP assistance.
- 1 January 2014, you will be able to apply if you will have 6 credit points to complete when you return.
- 1 January 2014, students may also apply for OS-HELP assistance for study travel and clinical and professional placements undertaken outside of a university setting.
- From 1 January 2014, students undertaking overseas study in Asia may also be eligible for:
- an increased maximum loan amount of $7,500, which is $1,250 more than for other destinations; and
- a supplementary loan amount of up to $1,000 to assist with the cost of language study undertaken in preparation for overseas study in Asia.
Find out more about changes to the OS HELP eligibility requirements from 1 January 2014.