If you are an Australian apprentice, then you could be eligible for a Trade Support Loan.
Apprenticeship enrolments have slowly increased over the last decade whereas the completion rates for these apprenticeships has declined. The Government introduced the TSL program to help take the financial pressure off apprentices upon completion of their qualifications.
The TSL is set at a maximum value of $20,000 over a four-year term. The loan assists students with everyday costs associated with carrying out an apprenticeship – specialist equipment, transport or industry insurances – items that are essential to the apprentice completing their qualification.
To be eligible for a Trade Support Loan you must be undertaking one of the following:
- a Certificate III or IV qualification that leads to an occupation on the Trade Support Loans
- Priority List (which are the same occupations as on the National Skills Needs List) a Certificate II, III of IV in the agriculture sector
- a Certificate II, III or IV in the horticulture sector, where the apprentice is working in a rural or regional area.
You can find more information, including repayment figures and how to apply for a TSL here.
Courses eligible for a Trade Support Loan
- Certificate III in Arboriculture
- Certificate III in Bricklaying/Blocklaying
- Certificate III in Cabinet Making
- Certificate III in Carpentry
- Certificate III in Electrical Fitting
- Certificate III in Electrotechnology Electrician
- Certificate III in Engineering – Fabrication Trade (Heavy)
- Certificate III in Engineering – Fabrication Trade (Light)
- Certificate III in Engineering – Mechanical Trade
- Certificate III in Hairdressing
- Certificate III in Joinery
- Certificate III in Landscape Construction
- Certificate III in Locksmithing
- Certificate III in Patisserie
- Certificate III in Plumbing
- Certificate IV in Engineering – Fabrication
- Certificate IV in Engineering – Fluid Power
- Certificate IV in Plumbing and Services
This information is not financial advice. Melbourne Polytechnic strongly advises that all students wishing to apply for a Trades Support Loan seek independent financial advice.
The Trades Support Loan program has strict eligibility criteria. To find out whether you are eligible for a TSL, please visit the Australian Apprenticeships website.
Contact Melbourne Polytechnic’s Trade and Traineeship Support Unit (TSU)
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Last Modified: 4th December 2018