Money matters

Money matters

Macquarie offers interest-free loans and outright grants to eligible students. Students may apply for this funding if they require this money for specific items or circumstances relating to their studies and if they satisfy the relevant criteria.

Loans vs. grants

Loans are interest-free, but must be repaid. Grants do not need to be repaid. A student’s eligibility for either will depend on their circumstances.

Using loans and grants

Loans and grants are for study-related costs e.g. textbooks, computers or other IT equipment, software, field trips or excursions, or travel due to placements or PACE units.

In some situations, students can request financial help with expenses like rental bond/rent or food.

Loans and Grants cannot be used to pay debts or University fees.

Loans and grants amounts

A maximum amount of $2000 may be requested in an application. Particular items have a limit within this value. For example, only $800 may be used on a computer and, only $200 on emergency food.

Eligibility

A person seeking a loan or grant must:

  • be currently enrolled at Macquarie University (1 or more units)
  • be a domestic student (international students should seek welfare advice)
  • have a minimum GPA of:
    • 2.0 [For students whose program year is 2016 or earlier] or,
    • 4.0 [For students whose program year is 2017 or later]
  • be able to demonstrate financial hardship.

Applying

Applications are made online via AskMQ.

Applicants must:

  • Attach a budget spreadsheet
    • This spreadsheet must outline all income and expenditure from all sources.
  • Provide evidence to demonstrate all income and expenditure
    • A bank statement is required showing income/expenditure for the past six months
    • Any payslips or Centrelink income statements, dividends, trust disbursements, sharing economy income such as ‘Über’ driving, scholarships or any other form of income.
    • Evidence of rent or other accommodation costs
    • Evidence of any other significant costs
  • Quotes which outline:
    • The name/type of the item
    • Cost
    • Date when the quote was issued

Name of the supplier

Assistance with applying

Student may contact the Welfare Officer at Campus Wellbeing for all matters relating to finances, including loans and grants.

Emergency Loans

In an emergency the University may loan a student a small amount of money for assistance.

  • Maximum Loan: $50.
  • Loan Interest: None.
  • Repayment Date: Within two calendar months from the date of issue.
  • Loan Purpose: A student will generally need to demonstrate some kind of unavoidable disruption has occurred which has left them without money for an essential need, for example, no money for food or transport.
  • Identification: Students must be able to prove their identity to access this type of loan.
  • Requesting an Emergency Loan: Contact Campus Wellbeing and inform them you need an emergency loan. 

You will be required to complete a loan document, provide identification and then submit your approved loan document to the Cashier’s Counter (Level 1, 16-18 Wally’s Walk, Building C8A).

Campus Wellbeing

Phone: (02) 9850 7497
Email: campuswellbeing@mq.edu.au

Location:

Level 2, 16 Wally's Walk
Macquarie University
North Ryde NSW 2109

Opening Hours; Monday to Friday - 8:30am to 5:30pm (excluding public holidays)

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