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FEE-Help
Supplement
Loan
This loan is for University of Melbourne students who have reached the
FEE-HELP Loan limit and can demonstrate financial need.
HOW TO APPLY
⇒ Read & Complete this application form.
⇒ Gather required supporting documents
⇒ Contact Student Financial Aid and book an appointment to submit your application
DAY: …………… DATE: …………… TIME: ………… ADVISOR: ………………………………………
Student Financial Aid
Office Location: Parkville Campus
Ground Floor, Baldwin Spencer Building
Cnr Tin Alley & Union Road
Postal Address: Ground Floor, Baldwin Spencer Building
University of Melbourne VIC 3010
Telephone: (+61 3) 8344 6550
Email: finaid-info@unimelb.edu.au
Website: www.services.unimelb.edu.au/finaid/
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ABOUT THESE LOANS
The University of Melbourne is offering a new form of student assistance designed for students
who have reached the FEE-HELP Loan limit and can demonstrate financial need.
Student Financial Aid is responsible for administering the new scheme. There are two types of
loans available – secured and unsecured.
These loans are solely for the payment of fees where the FEE-HELP Loan limit has
been reached.
The maximum loan available in 2011 is $6,000. This will increase to $8,000 in 2012
The scheme is a temporary measure to assist students in financial need; the scheme is
not planned to continue beyond 2012. The University is investigating facilities (including
commercial loans) that students may be able to access from other sources in the future.
ELIGIBILITY
These loans are only for students enrolled in a degree or diploma course at the University of
Melbourne, who are eligible for FEE-Help but have reached the maximum allowed.
Eligible students - who already have short or long term loans through Student Financial Aid, CAN
also apply for this loan.
Loans are allocated primarily on a needs basis to students unlikely to be able to access alternative
forms of assistance (parental help, bank loans, etc). Loan funds available for allocation each year
are limited
SECURED LOANS
For students able to provide a suitable guarantor, the terms and conditions are similar to long term
loans currently available through Student Financial Aid; however, the maximum amount has been
increased to $6000.
NON SECURED LOANS
For students unable to provide a guarantor, a non secured loan is available. There will be an
establishment fee of 10% of the loan amount. The establishment fee does not need to be paid
upfront but can be deferred and repaid with the principal.
INTEREST RATES
No interest will be charged provided the agreed repayment schedule is met. The intention of the
University is that loans are interest free, however interest can be charged if the loan is in default.
REPAYMENTS
Repayments will commence after course completion and it is expected that loans be fully repaid
within two years.
APPROVAL OF LOANS AND APPEALS
All applications are considered sympathetically, but loan funds are limited and it is not always
possible to give full approval to every loan application. In regard to the approval of loans, the
decision of the Student Loan Fund Committee is final. However, if your initial application is not
approved, you do have the right to provide additional information to the Committee, in writing, and
to request a reconsideration of this decision.
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REFEREES
When providing details of referees in this application please remember:-
• Referees cannot reside at the same address as each other.
• Referees cannot reside at the same address as the applicant (or guarantor)
Please Note: Referees are not contacted during this application process. The purpose of referees
is to provide another point of contact should we be unable to contact the applicant or guarantor.
LOAN APPLICATION PROCESS
Please read this section carefully
• Complete this application and attach appropriate documentation.
• Make an appointment with Student Financial Aid to submit your application.
• Attend appointment with a Student Financial Aid Advisor. Your application will then be
submitted to the Student Loans Fund Committee for consideration.
• Applications close Thursday 12:00 noon
• Contact our office after 10:00 am Friday to be informed of the decision.
If loan is APPROVED If loan is NOT APPROVED
• Make an appointment to read over and sign • You can lodge a letter of appeal which will go
your loan contracts. to the Student Loan Fund Committee
• Secured Loans will require contracts to go to
your Guarantor for their signature. • Your Application will be reconsidered and
• Once the contract (and Guarantee if you will be advised of the decision as soon
applicable) are signed and returned, money as possible.
will be transferred internally within 48 hours.
COMPLETING THIS APPLICATION FORM
• Loan applications must be completed in ink.
• Guarantor section must be completed if applying for a secured loan.
• All relevant attachments must accompany this application form (refer to Attachments Checklist).
• An appointment is required to submit your application and if approved a further appointment will
be required for the signing of your loan contracts/agreement.
A very important part of the loan application is the Annual Budget (pages 6 & 7)
If you require further advice and/or assistance with this application, you may wish to
schedule a telephone or in person appointment with a Student Financial Aid Advisor.
PLEASE ENSURE that you have completed as much of the application as possible.
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ATTACHMENTS CHECKLIST
Proof of your 2011 enrolment and course load
Evidence that you have reached the FEE- Help Loan limit.
If applying for a Secured Loan you will also need:-
Proof of Guarantor’s identity (passport, birth certificate, current driver’s licence).
Proof of Guarantor’s income or assets (recent pay slip, Australian Taxation Office Notice of
Assessment, letter from accountant, title deed of property, etc).
Proof of Guarantor’s current address (current driver’s licence, recent utility bill, etc)
The University of Melbourne Privacy Policy
This information will be used in the assessment of your application for a student loan and the loan collection
process. Only members of the Students’ Loan Fund & Bursaries Committee, Student Financial Aid and
Student Loans Collections staff and, in the case of default, associates responsible for collection of the debt
may have access to the information. An individual has the right to gain access to their personal information
held by the University. For further information about The University of Melbourne’s Privacy Policy, please
refer to the following website: http://www.unimelb.edu.au/unisec/privacy/privacypolicy.html
Privacy enquiries may be emailed to: privacy-officer@unimelb.edu.au
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APPLICANT DETAILS
PERSONAL DETAILS
Title Mr Ms Mrs Miss Other________
Family Name
Given Names
Student Number
Age Date of Birth (DD/MM/YY)
Marital Status Single Married Other
Children Number of Children: Ages of Children:
CONTACT DETAILS
Term
Address Postcode:
Permanent
Address Postcode:
Telephone Home: Mobile:
University Email
Other Email (optional)
ENROLMENT INFORMATION
Course
Campus
Year of Course
st nd rd
(e.g. 1 , 2 , 3 etc) Expected Course Completion Date: / /
Enrolment Status Full -time Part-time
OFFICE USE ONLY
Submitted (Date):
Assess Date: Amount: ($)
Approved Not Approved Date
Amount Requested: ($) Guarantor Docs Sent:
Reduced Amount Approved: ($) Copy of Guarantee Sent:
Repay Date: Adjustments / Journal TFs
Authorisation: ASF:
Course Fee:
ISIS Checked S/T Loan:
Themis Checked Fines/Other:
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YOUR BUDGET FOR 2011
Please complete this section carefully.
EXPENSES (estimated and known expenses for period: 1 January – 31 December 2011)
You are required to include your spouse’s (or partner’s) and dependent’s expenditure (if applicable).
Weekly Expenses
It is not necessary to
Rent / Board / Mortgage Payment (circle) $ include ‘cents’ – all
amounts should be
Bills (gas, electricity, telephone etc.) $ rounded to the
Food (lunches, groceries, etc) $ nearest dollar
Transport (public transport fare, petrol, parking) $
Spending Money (clothing, entertainment etc) $
Commitments to dependents $
Other Weekly expenses: $
Total Weekly Expenses $ X 52 = $ (A)
Annual Costs
Accommodation Related:
Residential College Fees (if applicable) $
It is not necessary to provide
Establishment Costs - Bond $ establishment costs if you
are in the same residence as
Furniture $ in 2011
Connections $
Other Accommodation Costs $
Total Accommodation Costs $ (B)
Course Related:
Student Union Fee $
Compulsory upfront course fees $
Course Materials $
Total Course Related Costs $ (C)
Other Costs:
Car Costs – Registration & Insurance $
Car Costs – Maintenance & Repairs $
Outstanding Debts – repayable in 2011
Only provide debt
amounts which must be
Credit Card $
repaid in 2011
Short Term University Loan $
Other Due Loans $
Total Due Debts $
Any other costs: $
Total Other Costs $ (D)
Total Expenses for the year (A+B+C+D above) $ (1)
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INCOME (estimated and known income for period: 1 January – 31 December 2011)
You are required to include your spouse’s or partner’s income (if applicable)
Employment Income (Average weekly earnings)
January – February $ X 9 weeks = $
March – November $ X 39 weeks = $
December $ X 4 weeks = $
Total Employment Income $ (E)
Other Weekly Income (Average weekly amount)
Type of Allowance?
Centrelink payments $
----------------------------
Scholarship Payments $
Partner's Income $
Parental Allowance $
Other (please specify…………………………………) $
Total Other Weekly Income $ X 52 $ (F)
Lump Sum (Annual Income)
Savings as at 1 January 2011 $
Parental Assistance $
Other (please specify…………………………………) $
Total Lump Sum Income $ (G)
Total Income for the year (E+F+G above) $ (2)
------------------------------------------------------------------------------------------------------------------------
FINANCIAL NEED SUMMARY
Total Expenses for 2011 $ (1)
Total Income for 2011 $ (2)
DEFICIT / SURPLUS FOR 2011 (2) – (1) = $
AMOUNT OF LOAN REQUESTED (maximum is $4,000) $
TOTAL UPFRONT COURSE FEES OWING IN 2011 $
------------------------------------------------------------------------------------------------------------------------
STUDENT’S GENERAL FINANCIAL POSITION
Assets Liabilities
Property (present value) $ Outstanding Mortgage $
Vehicle/s $ Loans $
Shares $ Total Credit Card Debts $
Fixed Term Deposits $ Other Debts $
Other $
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LOAN REQUEST
Is it possible to borrow this amount from some other source/s (for example: your parents, a bank,
Melbourne University Credit Union etc)?
Please summarise your general financial position.
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REFEREES FOR APPLICANT
The applicant must nominate TWO referees who will continue to be in contact with you on a long-term basis.
Referees must reside at a different address to you and must supply a current residential (not a
business or PO Box) address.
Please Note: Referees are not contacted during this application process.
APPLICANT’S REFEREE #1
Mr / Ms/ Mrs / Miss /Other Full Name:
Residential Address:
City/Town: Postcode:
Home Telephone: Mobile:
APPLICANT’S REFEREE #2
Mr / Ms/ Mrs / Miss /Other Full Name:
Residential Address:
City/Town: Postcode:
Home Telephone: Mobile:
DECLARATION BY STUDENT APPLICANT
I declare the information that I have provided to be true and accurate. I acknowledge that false and
misleading information may result in forfeiture of all rights and privileges associated with access to Student
Loans and may lead to debt recovery practices being implemented.
X Student Signature:_________________________________ Date: ____________________
IMPORTANT
If you (or your guarantor) have arranged for any of the supporting documents
to be sent directly to the Financial Aid Office,
ENSURE that your name and student number are clearly written on each page.
Failure to do so may delay your application.
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SECURED LOANS
GUARANTOR
A guarantor is a person who undertakes (by signing a seperate guarantee document) to repay the debt if the
borrower is unable to repay the amount. The guarantor accepts the obligation for repayment of any
outstanding amount in the event of non-payment by the borrower.
A Guarantor must be:-
• Over 21 years ago
• A citizen or permanent resident of Australia
• Financially able to guarantee repayment of your loan, and
• In full-time employment, and/or owns significant assets (for example, a house)
Who can be Guarantors Who cannot be Guarantors
• Parents • Your spouse or housemates
• Relatives • Current debtors with their own student loan debt.
• Friends • Members of staff of The University of Melbourne or affiliated
colleges. (Unless applicant’s parent).
• Students (from any university/institution)
• Anyone listed as a referee on this loan application.
Note: Proof of the Guarantor’s current annual income or home ownership (particularly details of the current
equity in a property) will be required.
The Guarantor will be required to:
1. Supply details as required below
2. Submit all appropriate supporting documentation as specified under the “Attachments Checklist” on
page 4 of this document
3. Once the loan is approved they must also counter sign your loan contract and a separate guarantee
document in the presence of an approved signatory.
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GUARANTOR DETAILS
Title Mr Ms Mrs Miss Other________
Family Name
Given Names
Relationship to the applicant:
Residential
Address Town/City: Postcode:
If Guarantor is renting, a second permanent contact address must be provided
Permanent
Address Town/City: Postcode:
Home Telephone: Mobile:
Email:
Occupation
Employer
Employment
Status
Permanent Full-time Permanent Part-time Temporary
Residency
Status
Australian Citizen or Permanent Resident Other Status (eg. Overseas resident)
Self funded (including superannuation)
Receiving pension
If Retired *
Other* (specify)
• If Part-time, Temporary, Retired or other – evidence of assets owned will be required
REFEREES FOR GUARANTOR
The Guarantor must nominate TWO persons who are likely to keep in contact with them on a long-term
basis. Referees must reside at a different address to the guarantor. The referees must supply a current
residential (not a business or PO Box) address.
GUARANTOR’S REFEREE #1
Mr / Ms/ Mrs / Miss /Other Full Name:
Residential Address:
City/Town: Postcode:
Home Telephone: Mobile:
GUARANTOR’S REFEREE #2
Mr / Ms/ Mrs / Miss /Other Full Name:
Residential Address:
City/Town: Postcode:
Home Telephone: Mobile:
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I am over the age of 23 years.
I am under the age of 23 years but deemed independent by Centrelink.
Applicants under 23 years of age and NOT considered independent for Centrelink
purposes, must complete the statement of Parental or Guardian Income below.
STATEMENT OF
PARENTAL or GUARDIAN INCOME
This section can be filled in by the applicant if the parent/guardian is unable to do so.
The applicant should sign at the bottom as the declarant.
Statement of Income
I_____________________________________________________________________________________
of (address)_____________________________________________________________________________
in the State of:_______________________________________ HEREBY DECLARE THAT:
I am the father / mother / Guardian of: ________________________________________________________
Who is an applicant for financial assistance from the University of Melbourne.
My taxable income for the last financial year ended 30 June was: $_________________________________
My spouse’s taxable income for the last financial year ended 30 June was: $_________________________
Please state the reason(s) if details of spouse income not provided:
______________________________________________________________________________________
______________________________________________________________________________________
Please give details of dependent children other than the applicant:
Name/s Age Education Institute
My son/daughter/ ward will live at / away from home while attending University because:
______________________________________________________________________________________
______________________________________________________________________________________
Please list any reasons why you cannot provide financial assistance to the applicant for the purposes of this
loan: __________________________________________________________________________________
______________________________________________________________________________________
I solemnly declare that the information provided in this statement is to the best of my knowledge true
and accurate.
X Signature of Declarant:_________________________________ Date: ____________________
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