YOU MAY BE ELIGIBLE TO APPLY FOR AN AUSTRALIAN GOVERNMENT FUNDED “TRADE SUPPORT LOAN”
To support Australian Apprentices to meet everyday costs while they undertake their training, eligible apprentices will be able to apply for TRADE SUPPORT LOANS. These loans provide up to $20,808 worth of income contingent loans and are paid monthly in arrears. Apprentices will not have to repay the loans until they are earning an income above the minimum repayment threshold ($51,957).
In order to maintain the real value of the loans, the loan amount will be indexed according to the Consumer Price Index.* Apprentices who successfully complete their apprenticeship will receive a 20% discount on their loan amount. For Further Details, please visit these websites:
TRADE SUPPORT LOANS UP TO $20,808
YEAR 1 up to $8,323
YEAR 2 up to $6,242
YEAR 3 up to $4,162
YEAR 4 up to $2,081