Where can I get financial support?
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. Here is a Financial Support Cheat Sheet to help.
THE UNIVERSITY HAS CREATED A FUND TO FINANCIALLY HELP STUDENTS STRUGGLING DUE TO COVID-19.
PLEASE SEE HERE FOR MORE DETAILS.
Loans vs. grants
Student loans and grants support students in unexpected and demonstrated financial hardship with their education related expenses.
Student Loans are interest free and are repaid based upon a loan agreement.
Student Grants do not need to be repaid.
A student’s eligibility for either will depend on their circumstances.
Using loans and grants
Student Loans and Grants are for education costs, for example:
- text books
- laptop, tablet or computer (up to a value of $500)
- emergency reasonable accommodation costs
- basic urgent living expenses, including food (up to a value of $200)
- some transport related expenses to off campus study activities (ie practical placements).
Student Loans and Grants can not be used for:
- University tuition fees and/or other outstanding University debts
- services or items already provided to the student by the University
- the purchase of assets such as whitegoods, motor vehicles or furniture.
Loans and grants amounts
Student Loans and Grants may be provided to a maximum of $2000. Emergency Student Loans may be provided to a maximum of $50.
A person seeking a loan or grant must be:
- currently enrolled at Macquarie University
- not in debt to the University
- able to demonstrate satisfactory academic progress (continuing students must have a minimum GPA of 2)
- able to demonstrate financial hardship
Applications are made online via the Student Loan Application form.
- 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
- Date when the quote was issued
- Name of the supplier
Assistance with applying
Students may contact the Welfare Officer at Student Wellbeing for all matters relating to finances, including loans and grants.
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 one calendar month 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 Student 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 (18 Wally’s Walk, Level 2 MUSE).
For further information refer to the Student Loan and Grants Policy.
Phone: (02) 9850 7497
Ground Floor, Australian Hearing Hub
16 University Avenue
North Ryde NSW 2109
Opening Hours: Monday to Friday - 8:30am to 5:30pm (excluding public holidays)