Eligibilty

The maximum loan is $1,000.   Most loans will be for $500.

To be considered for a SEDISEF loan, a student must be:

•  a citizen or resident of a country other than Australia, and

•  enrolled in a University, TAFE college or secondary school course, on a full-time basis, in the state of Victoria, Australia in the current year.

The trustees will consider the range of information in the loan application in their assessment of loan eligibility, particularly details of the student’s income, expenses, and parental assistance.

The principal purpose of a loan is to assist an international student who has encountered a financial emergency, or a short-term financial crisis.

Loans will be considered for:

•  General living costs

•  Rent or Bond

•  Text books

•  Clothing

•  Medical or Dental costs (not covered by the Overseas Health Cover)

•  Dependent expenses

        Sir Edward Dunlop Medal

A short-term loan may be granted because some expenses are currently unaffordable by the student because of a delay in receiving funds from a student’s family, or a scholarship.

However, it is not possible to receive a loan for:

•  Course Fees

•  Cars

•  Travel or holiday costs

•  Luxury items

It is assumed that students have investigated what financial assistance may be available from their educational institution before applying for a SEDISEF loan.

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