The Postgraduate Education Loan Scheme (PELS)
is a loan facility
for eligible students who are enrolled in fee-paying,
postgraduate non-research courses. It is similar to
the deferred payment arrangements available under
the Higher Education Contribution Scheme (HECS).
PELS enables eligible students to obtain a loan
from the Australian Government to pay all or part
of their tuition fees. The Commonwealth pays the amount
of the loan directly to the student's institution.
Students repay their loan through the taxation system
once their income reaches the minimum threshold for
compulsory repayment.
NB Please note that FEE-HELP will replace the
Postgraduate Education Loan Scheme (PELS).
FEE-HELP begins on 1 January 2005 and will be available for both eligible
commencing and continuing students from that time.
