OS-HELP Loan Selection Principles

Selection Principles

As the total funds made available by DEEWR for loans to Monash students are limited each calendar year, loans may not be available to all students who apply. If there are insufficient funds for all eligible applicants, Monash Abroad will select the students to receive loans by applying one or more of the following criteria: 

• preference may be given to students who are participating in the Monash Abroad Exchange or Intercampus Exchange programs, i.e., are undertaking at least one semester of full time study under the terms of a student exchange agreement with an overseas partner institution;
• students may be awarded loans of less than the amounts they applied for;
• loans may be awarded to students with the highest cumulative Grade Point Averages;
• loans may be declined to students who are receiving scholarships, grants or other forms of financial assistance towards their overseas study;
• preference may be granted to students who have not previously received an OS-HELP loan;
• preference may be given to students who have previously applied and been assessed as eligible, but could not be granted loans because insufficient funds were available; and
• students who are encumbered will not be considered.

Monash Abroad will decide which of these selection principles to apply in any given

calendar year to ensure the most equitable distribution of the available funds. It is not practicable for Monash Abroad to decide which selection criteria, if any, to apply until all the applications for a calendar year have been received and assessed against the above eligibility rules. In any year when there are insufficient funds for all eligible applicants, all students who apply will be advised in writing of the selection criteria used by Monash Abroad to grant loans.