Federal Chifley MP Ed Husic has applauded the Australian Government’s decision to provide financial assistance for tertiary and vocational education to locally raised New Zealanders.
New Zealanders who grow up in Australia and want to continue to study here will become eligible for the Higher Education Loan Program (HELP) from 2015.
Mr Husic said extending HELP to these New Zealanders was part of the Federal Government’s commitment to making higher education available to a growing number of people in Australia.
“This is great news for young Kiwis in Chifley who arrived in Australia as children but have been missing out on HELP for upfront study costs until now,” Mr Husic said.
“There’s no better investment in life than in your own skills and future earning capacity but paying upfront isn’t an option for most people.
“The change will make studying at university or in vocational training more affordable for young people who grew up in here and help them access higher-skill, higher-paying jobs.
“I’m also a strong believer in the value of our relationship with New Zealand – and this move has a role to play in further deepening our economic ties.”
From 1 January 2015, New Zealanders with Special Category Visas will be eligible for HELP if they first entered Australia as a dependent minor aged under 18 years at least 10 years before applying; have been resident in Australia for 80 per cent of the last 10 years; and have been resident in Australia for 18 months of the last two years at the time of application.
The Government will contribute $10.6 million over the next four years towards the initiative.
For more information, visit: www.studyassist.gov.au/faq-nz