Our professional staff provide financial advice to help you manage your study expenses and living costs.

Make an appointment to talk to a financial adviser, use our handy resources and learn about your loan and scholarship options.

Budget guidance & resources

There are many online resources to help you budget and save money. Here are some that we recommend.

General budgeting

Budget Your Money is a government website calculator that helps check:

  • where your money is going
  • if you are spending more than you can afford
  • that your money is going towards your priorities.

It allows you to enter weekly, fortnightly, monthly and annual expenses without the need to convert.

Our cost of living estimates will help you figure out how much it costs to live in Melbourne.

Accommodation-finance resources

Check out our rental advice for information about bonds, tenancy rights, and selecting an affordable suburb near our campuses.

Other resources to help you reduce your living costs and ecological footprint:

Financial education – Blackbullion

Blackbullion is a financial education program that teaches you how to budget and manage your money more effectively. It includes a range of interactive modules and resources that you can work through at your own pace.

To use Blackbullion:

Loans, scholarships & government assistance

Centrelink Advance Payment

Centrelink Advance Payments can assist with living and study costs.

If you receive Centrelink payments (including Youth Allowance, Austudy, Abstudy, Sole Parent Payment and Disability Support Pension) you are eligible to apply for a Centrelink Advance Payment.

Low Income Health Care Card

Low Income Health Cards provides concessions for health care, public transport and living costs (such as gas, electricity and water). They are issued to students who receive Youth Allowance, Austudy or Abstudy.

If you are not eligible for one of these payments you can still apply for a Low Income Health Care Card if you are:

  • an Australian resident
  • received no or low income (less than $4008 over 8 weeks) immediately prior to your application.

To apply you will need to:

Scholarships

Victoria University offers scholarships to help University and TAFE students with their living and education costs.

If you receive Youth Allowance, Austudy, or Abstudy, you may also be eligible for one of the following:

Student Loans

Student Loans offer up to $500 interest-free. Strict conditions apply and this should be considered a last resort.

To find out more, make an appointment with a Senior Advisor or visit a VUHQ (student service centre).

Trade Support Loans (Australian Apprentices)

The Australian Government provides a Australian Apprentices Trade Support Loans Program. The loans are paid in instalments totalling up to $20,000 over four years to help apprentices with everyday costs while they complete their apprenticeship.

Appointments for financial advice

Tax return advice

A free Tax Help Service operates around tax time, when an ATO-trained volunteer offers one-to-one assistance and support to complete your tax return online.

This service operates from the Footscray Nicholson campus.

To be eligible you must meet the following criteria:

  • be an enrolled VU student
  • have earned $50,000 or less in the last financial year
  • have not received income from operating your own business in the last financial year.

Make an appointment for tax help

Make an appointment with a Senior Adviser

For personalised support, you can make an appointment with a Senior Adviser for assistance with issues that are impacting your studies.

Come to talk to us about finances, housing, welfare, Centrelink and other issues.

Make an appointment with a Senior Adviser