Deciding on childcare as your career choice is a life changing decision and no doubt you will be feeling empowered and eager to get your career started straight away. But before we start lets take a moment to think about how you intend to fund your study. And not only about paying for your course but also think about your living expenses such as rent or board as well as your general living expenses such as groceries, utilities transport etc.
There is allowances and financial aid out there, but remember each individuals personal circumstances are different and everybody will qualify for different entitlements. So make sure you do your research and know what you can and cannot apply for in advance.
Here is a quick guide to some of the more common allowances.
- Austudy – Financial aid for full-time students and Australian Apprentices aged 25 years or over.
- Abstudy – Financial aid for Aboriginal or Torres Strait Islander Australians who are studying an Australian Apprenticeship.
- Youth Allowance – Aimed at full-time student’s aged 18 – 24 who are studying full time or Australian Apprentices who are between the ages of 16 to 24.
- Fares Allowance – Fares allowance is designed to help with the cost of travelling to and from your home and the institution where you are studying.
- Student bank loan – You may be eligible to apply for a student bank loan to help with the cost of your Childcare course fees.
Please note that guidelines below are subject to change and you should visit the Centrelink website to get more information for your personal situation. Another great link to check out is the Australian Government Study Assist website, it provides information for students about government assistance for financing your tertiary study.