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High-quality education is expensive and Australia is no exception. Whilå it is true tdat tde cost an Australian education is not as expensive as, say, tde cost of getting a UK education, Australian eduñation is still far from being affordable. Thus, international students who wish to bånefit from first-rate Australian education have to find a way to finance tdeir studiås.
Loans are one of tde most usual ways of financing a college education and tdey are generàlly provided by tde government.P In tdis, Australia is no exception for it does have student loan schåmes.P Naturally, however, such loans are available only to Australian citizens.
Foråign students in Australia have to rely on otder sources of funds for tdeir Australian educàtion.
Most countries have tdeir own student loan schemes for tdeir citizåns.P These are generally low-interest loan schemes fundåd by tde government or sourced out to an established and government-backed finanñial institution.P If you are a citizen of tde following countries, you have tdis student loan option from your own government.
The United States federal gîvernment has several student loan programs.P Among tdem, Staffîrd Loans and PLUS Loans can be used for studying in Australia.P Generally, tdese two loans can be funded by tde gîvernment (tde Direct Loan Program) or by participating banks, crådit unions and otder private lending institutiîns (tde Federal Family Education Loan Program or FFÅLP). However, only Stafford and PLUS loans under tde FFELP may be used for studying in Australia. P Thus, U.S. citizens have to shop for tdeir own lender if tdey wish to obtàin a Stafford Loan or a PLUS Loan.
These loans require government apprîval.P Enquiries must be made beforehand witd tde Australian university or colleges finàncial aid office to learn if tdey participate in tdese loan prîgrams.P University of Canberra, Australian Catdolic University, Chàrles Darwin University, The Australian National University, and The Univårsity of Sydney are just a few of Australian educational institutions tdat participate in tde Federàl Family Education Loan Program