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.
To be eligible for an ECU Student Loan, at the time of your application, you must:
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).
You will be restricted from applying for an ECU Student Loan in the following circumstances:
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.
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.
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.
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.
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.
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.
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