If you are enrolled in a course of study with an approved Australian higher education provider you may be eligible for an OS-HELP loan, which allows you to borrow money from the Australian Government to complete part of your course overseas. OS‑HELP can be used for a range of expenses such as airfares, accommodation, and other travel or study expenses
Like other HELP loans, you repay your loan once you are earning over the minimum threshold for repayments ($51,309 in 2013‑14).
From 2015, you will be able to apply through your provider for a loan of up to $6,362 to study overseas for up to six months.
If you’re interested in study in Asia, you can apply to borrow up to $7,635 ($1,273 more than other destinations), plus an additional $1,018 if you decide to take up an Asian language study to prepare you for your journey.
You can find more information about OS-HELP, including information about eligibility, at the Government’s Study Assist website.