Personal loans

Diploma of Journalism students seeking personal loan finance are advised to shop around among financial institutions for an appropriate loan package. Students are often able to borrow funds through banks with their parents or another person as guarantors. Interest rates are around 11-12.5 percent, with loan terms ranging from one to seven years.

All banks offer personal loan finance to approved borrowers, and details are available on banks' web sites.

As a guide, a loan for the full amount of the Diploma of Journalism fees could be repaid over five years at a rate of about $65 a week. Payments can be made progressively from the beginning of the course, or else some institutions may permit deferred payment. (The repayments are often much lower than ongoing HECS debts.)

To check various personal loan interest rates and application procedures, click on the following links: