SCHOLARSHIPS AND HECS DEBTS

What are scholarships?

Grants or payments made to support a students education

On the basis of academic achievement Can range from paying for textbooks or study

fees to paying a substantial wage to the student

Medical scholarships

Medical Rural Bonded Scholarship (MRBS) Rural Australia Medical Undergraduate

Scholarship (RAMUS) The Puggy Hunter Memorial Scholarship Indigenous Peoples’ Medical Scholarship Australian Defence Forces Sponsored

Undergraduate HECS reimbursement Scheme

Scaling

Scaling increases the attractiveness of working in rural areas by fast tracking your return of service obligation based on the Remoteness Area (RA) category

RA category number as used by the Department in the MRBS Scheme RA1 - Major Cities of Australia RA2 - Inner Regional Australia RA3 - Outer Regional Australia RA4 - Remote Australia RA5 - Very Remote Australia

Remoteness map

Medical Rural Bonded Scholarship (MRBS) Designed to address doctor shortage outside

metropolitan areas across Australia Provides one hundred additional

Commonwealth Supported Places (CSP) each year

Worth over $25,000 a year (full-time) and is currently tax free

Must commit to working for 6 continuous years in a rural or remote area of Australia Less any credit obtained through Scaling

Rural Australia Medical Undergraduate Scholarship Medical students from a rural background who

need financial support to assist with their Accommodation Travel Living expenses

$10,000 a year during their full-time medical studies (subject to satisfactory progress)

The Puggy Hunter Memorial Scholarship In recognition of Dr Arnold ‘Puggy’ Hunter's

significant contribution to Aboriginal and Torres Strait Islander health

Encourage and assist Aboriginal and Torres Strait Islander undergraduate students in health-related disciplines

Worth up to $15000 per year Can study full or part time

Australian Defence Forces Sponsored Undergraduate

Salary up to $39,137 per year during the course of any university study and they will also pay all course fees

If completed an undergraduate degree and wish to continue on to a Medical degree, the ADF have a Graduate Medical Scheme where they will pay you up to $58, 290

There will be a repayment of service requirement to the ADF once your have graduated

HECS reimbursement Scheme

One-fifth of your HECS medical fees paid off by the Australian Government for each year of service in certain rural and remote area’s

Therefore 5 years of rural service means no HECS debt

What is HECS?

Higher Education Contributions Scheme (HECS) Offers students an alternative to upfront

payments of their university fees It is cheaper to pay upfront Receive 25% discount on upfront portion (if

>$5000) Must be an Australian or New Zealand citizen or

be a permanent resident Can use HECS for as many degrees as you like

What is HECS?

HECS debt payments delayed until earning

>$ 24 365 per year Will pay between 3% and 6% depending on

income Does not have a GST charge No interest