Options to help you better manage your cash flow
Edstart provides two options to help you spread large up-front fees into more manageable payments. Our simple repayment plans can fit around your budget and when you get paid.
Edstart Pay
Edstart Pay is an interest-free payment plan that runs up to 12 months.
Instead of large lump-sum payments every semester, you can spread your payments evenly across the year into smaller weekly, fortnightly or monthly instalments.
Fees and charges
| Transaction fee | 3% |
|---|---|
| Interest rate | Nil |
The transaction fee is added to your account each time Edstart pays the college on your behalf.
Edstart Extend
Edstart Extend is a loan package that allows you to spread your fee payments beyond the current year.
You can extend your repayments for up to 5 years after graduation.
Fees and charges
| Transaction fee | 3% |
|---|---|
| Interest rate | 5.90% to 12.90% p.a. |
Interest is only charged on the balance of your Edstart account which has been utilised (i.e. the funds that have actually been paid to the college).
Interest rates are personalised based on each applicant’s credit profile, and are typically set between 5.90% to 12.90% p.a.
There are no early payment or exit fees, so you can change your payment level, make additional payments or close your account at any time with no extra fees or penalties.
You can apply to Edstart if you are an Australian citizen or permanent resident. You also need to demonstrate that you have a regular source of income to comfortably fund repayments.