Not too long ago, we wrote a blog explaining all about Commonwealth Supported Places (or CSPs). If you enrol in a degree with a CSP, the Government will cover some of the cost of the degree, and whatever is left over for you to pay is called a Student Contribution Amount.
What is my Student Contribution Amount?
There isn’t one flat fee for all students attending university – your Student Contribution Amount will differ depending on the type of degree you enrol in.
Every few years, the Government will look at employment across the country, including areas of growth and demand in the future. This information is used to calculate how much they will contribute towards certain degrees. Think of it as an incentive to study a degree that will lead to more people working in jobs where they’re needed.
For example, nursing is currently a high-demand job area, so the Government puts more money towards their share of a Commonwealth Supported Place – and in turn, your Student Contribution Amount goes down.
In 2022, Student Contribution Amounts are split into four bands. How much you will need to pay depends on the band in which your degree falls.
You can see the current bands and their Student Contribution Amount on the StudyAssist website here.
Do I need to pay my Student Contribution Amount up-front?
No – in fact, most students don’t. You’ll most likely defer your Student Contribution Amount to what’s known as a HECS-HELP loan. There are some incentives to paying up-front, but you don’t have to.
Are there any other ways I can reduce the cost of my degree?
Absolutely! There are tons of scholarships out there than can reduce – and in some cases cover entirely – the cost of your degree. Have a browse of our Scholarships database to see if there are any you might be eligible for.
Where can I find out more?
Read more about Student Contribution Amounts on the StudyAssist website here.
