OS-HELP loans to study overseas

OS-HELP is a Commonwealth Government loan program. It provides financial assistance to eligible Commonwealth supported place students, who are based in Australia, to undertake some of their undergraduate study overseas. These loans will help students with a range of expenses, such as air fares and accommodation.

The funds for OS-HELP loans are provided by the Commonwealth Department of Education, Employment and Workplace Relations (DEEWR). Loans for Monash University students are administered by the Monash Abroad department, Office of the Deputy Vice Chancellor (Global Engagement).

The amount you borrow will be added to your accumulated HELP debt and will be repayable under the same conditions as the HELP debt.

Eligibility

To be eligible for an OS-HELP loan you must:

• be an Australian citizen or hold a permanent humanitarian visa;
• be enrolled in an undergraduate course of study at Monash as a Commonwealth supported (CSP) student;
• have already completed at least 1.0 EFTSL (48 credit points) of the Monash undergraduate course you are enrolled in;
• be enrolled in full-time study with an overseas higher education institution (not necessarily a Monash exchange partner) or, Monash in Malaysia, South Africa or Prato, and be outside Australia while undertaking that study;
• be enrolled full time while overseas, according to the OS-HELP definition of full time, which is different from the Monash definition (see Conditions of Loan);
• have your overseas study count towards the course requirements for the Monash undergraduate course you are enrolled in;
• on return from overseas, you must have at least 0.5 EFTSL (24 Monash credit points) to complete for the undergraduate Monash course for which you will be receiving credit for your overseas study;
• have been selected by Monash to receive an OS-HELP loan for a six-month period;
• have not received more than one other OS-HELP loan;
• have not received any other OS-HELP loan for a period that overlaps or coincides with the six-month period; and
• have not completed your overseas study before applying for the OS-HELP loan.

Application Procedure

Selection Principles

Conditions of loan & Appeals