Student loan procedure
James Cook University determines whether a loan will be approved, the amount that may be borrowed, and what conditions are to be applied. The maximum loan amount is $1,000.00
In its examination of requests for financial assistance the University takes into account, among other factors:
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the level of financial assistance already provided to the applicant by other organisations such as Austudy/Abstudy/Youth Allowance as an aid to assessment of need
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academic records for an indication that applicants are making satisfactory progress in their respective courses of study, and
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an ability to make regular repayments.
Before receiving a loan, a student is required to provide the following information:
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proof of income, for example statement relating to Austudy/Abstudy/Youth Allowance, pension payments, family payments or pay advices
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a signed guarantor for all commencing students and all loans over $500.00
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demonstrate the ability to start repaying the loan immediately, and
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show that continued study is jeopardised if the loan is not obtained.
If the circumstances indicated at the time of application subsequently alter, the student is required to advise the University immediately; for example, change of residential address.
