University of Technology, Sydney

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International Students

Direct PLUS loan for parent

  • Allows a parent to borrow money to pay for a dependent student's college education
  • Loan is in the parent's name and parent (not student) is responsible for the loan
  • No collateral is needed
  • Requires a credit check, usually only looking for adverse credit

Interest rates

  • Loans first disbursed on or after 1 July 2006 have a fixed interest rate of 7.9 per cent.

Loan limits

The annual maximum that may be borrowed under this program is the difference between the cost of education minus any financial aid received. There is no aggregate maximum; but it can never be more than the cost of attendance.