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How to apply

ECU Student Loan - application information

Before applying for an ECU Student Loan please read the information below.

With the aim of assisting you to successfully complete your course and in order to reflect ECU's commitment to improving students' financial situations the University offers interest free loans.

Loans are available for amounts between $500 and $1500.

All loan applications are assessed in accordance with the Management of Student Loans policy.

Who is eligible?

To be eligible for an ECU Student Loan, at the time of your application, you must:

  • be a currently enrolled domestic student in an award course at ECU (this includes VET students)
  • be a currently enrolled domestic student in an award or VET course (studying in a bridging or enabling course such as UniPrep does not entitle a student to apply for a student loan)
  • have successfully completed as minimum of 30 credit points towards the completion of your course
  • have a course status of good standing or probation
  • be able to demonstrate that you are making adequate progress towards completing your course
  • have no student debts or encumbrances
  • demonstrate a genuine need
  • meet all of the requirements requested in the application process

Supporting Documentation

Supporting documentation must be provided with your Student Loan application. You should include documents that show the amount of the item/service you require the loan for (quotes, receipts etc) and evidence to verify any incoming or outgoing money as specified on your application form (i.e. bills, receipts, pay slips, banks statements etc).

Who is not eligible?

You will be restricted from applying for an ECU Student Loan in the following circumstances:

  • You have previously received a loan whilst studying at ECU which you have defaulted on or not repaid in full in accordance with the loan agreement
  • You have previously received the maximum of 2 loans
  • You are in receipt of funding from other University Sources (for example, if you are in receipt of an accommodation scholarship you may not apply for a loan for accommodation expenses)
  • You have placed yourself in considerable financial hardship (for example, by continued non-payment of debts and expenses)
  • You are unable to provide evidence that you have attempted to gain funds from another source
  • You are an International Student

What attempts to gain funds from another source do I need to make?

Before applying for an ECU Student Loan, it is preferred that you attempt to gain funding from agencies within the broader community. There are many organisations who may be able to provide you with funding, in fact, a number of banks and credit unions provide student loans.

What can I use an ECU Student Loan to pay for?

ECU will consider your application for a student loan to assist with the following expenses. Please note that this list is not exhaustive nor does it justify immediate loan approval.

  • University text books and other essential unit related materials
  • Repairs to essential transport (car, motorcycle, bicycle etc), where loss of essential transport would jeopardise your ability to continue your studies
  • Up-front charges related to securing accommodation (eg removal expenses, bond) provided you are not in receipt of other bond assistance
  • Charges for connection of essential services (eg electricity, telephone)
  • Medical expenses for essential services that cannot be met via the Medicare or private health rebates schemes
  • Costs related to personal emergencies (eg travel costs)
  • Purchase or repair of basic essential items or utilities (eg fridge, replacement locks, plumbing, electrical, gas)
  • Costs related to seeking employment (eg resume development)

How do I repay my loan?

You will be required to enter into a loan agreement with ECU. Your loan agreement is interest free and will require you to make regular fortnightly payments and to repay the loan in full within twelve months. Your payments can be made either via Centrepay deductions from your Centrelink allowance/pension OR via direct debit from your nominated bank account.

What happens if I don't keep to my loan agreement?

If for any reason you cannot maintain your payments you MUST contact the Scholarships Office immediately. Your loan agreement is a legally binding document and you must remember that you have made a commitment to repay the ECU Student Loan. If you do not maintain your loan agreement an encumbrance may be placed on your student record and any outstanding loan balance and any additional cost to recover the loan may be referred to a debt collection agency.

When will I be contacted regarding my application?

You will be contacted within two business days of us receiving the supporting documentation for your application. Please ensure that your phone number(s) on your application are correct. If you would prefer us to contact you at a certain time, please include this in the free text areas of your application.

Can I request a review or appeal?

Yes, you can request a review or appeal if your ECU Student Loan application has been declined. A review or appeal must be lodged within five days of the date of the letter notifying you, your application has been declined. For further information please refer to the Reviews and Appeals page.

How do I apply?

To apply you will need to complete the online Student Loan Application form. If you require any assistance completing this form, please contact the Fees and Scholarships Office.

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