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 $24,492 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 ($51,550).
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:
https://www.australianapprenticeships.gov.au/aus-apprenticeships-incentives
https://www.dewr.gov.au/skills-support-individuals/trade-support-loans
TRADE SUPPORT LOANS UP TO $24,492
YEAR 1 up to $816.40 (per month)
YEAR 2 up to $612.30 (per month)
YEAR 3 up to $408.20 (per month)
YEAR 4 up to $204.10 (per month)