SETTLEMENT GUIDE: HOW TO PAY FOR UNIVERSITY?

In Australia, 90 per cent of eligible students take up a loan to pay for university study. The federal government administers different loans schemes to assist students with their fees. For university students, a three-year undergraduate degree costs about $32,000 or up to $60,000 for medicine. Andrew Norton is the Higher Education Program Director at the Grattan Institute. He says students at universities or at an approved higher education provider are offered either a Commonwealth supported place (CSP) or a fee paying place.