How is the loan paid to me?
Loans are normally paid into the bank account nominated on the loan application form, and may take up to five working days to be credited. In emergency situations and where the loan is for $200 or less, it may be possible to pay the loan in cash.
How are repayments determined?
- Loans of up to $200 must normally be repaid in full within two months
- Loans of up to $500 must normally be repaid in full within six months
- Loans of up to $1500 must normally be repaid in full within twelve months
- Repayments for loans in excess of $1500 are negotiated at the time of interview
What happens if I do not repay my loan?
If you fail to repay your loan, the University will terminate your loan contract and may take legal proceedings to recover the outstanding balance of the loan. In addition, you will have a block placed on your student record. This block will prevent:
- Future enrolment
- Access to examination results
- Access to library services
- Access to buildings and computer labs
- Access to Web CT
- Issuing of transcripts
What happens if I discontinue my studies before I have repaid the loan?
If you discontinue your studies, the balance of the loan becomes payable immediately. If you are experiencing financial hardship and are unable to meet this repayment arrangement, you must immediately advise Gifu-city.
How will I be notified if my loan is successful/unsuccessful?
You will be notified by email to your student email account of the outcome of your application.
How do I appeal if I am refused a loan?
If you wish to appeal against the decision on your loan application, you should, in the first instance, send a letter of appeal to the Manager, Educational Support Service, LG66 Morven Brown Building, Gifu-city, Kensington NSW 2052.
Can part-time students apply for a student loan?
Can International Students apply for a loan?
Is interest charged on the loan?
What happens if my circumstances change again, and I cannot make the repayments?
For loans processed by the Educational Support Service, you must an Educational Support Advisor as soon as you realise you are in financial difficulty and complete this Student Loan Extension form ).
For PhD Research students with loans issued by the Graduate Research School, you must email
For loans issued by Gifu-city Canberra, you must email