Malyon College is an affiliated college of the Australian College of Theology (ACT). Tuition fees are set by ACT on an annual basis. More information about tuition fees is available at https://www.actheology.edu.au/tuition-fees.
How much will me degree cost? Here are the answers you need
What are the unit fees?
What if I would like to withdraw later?
Any other charges?
The Australian Government FEE-HELP system provides student loans to cover the costs of study at approved private educational institutions, similar to the system which operates at public universities and colleges. FEE-HELP is not available to Audit students or students studying for the Malyon Pastoral Program.
All the ACT degrees and postgraduate courses attract FEE-HELP. To check whether you qualify, please go to http://studyassist.gov.au/.
Instituting a combined loan limit for HECS-HELP, FEE-HELP, VET FEE-HELP and VET Student Loans
What is the Australian Government doing?
From 1 January 2019, the Government will introduce a combined cap on the amount of tertiary education assistance a student can access for tuition fees. The new HELP tuition limit will apply to HECS-HELP loans, FEE-HELP loans, VET FEE-HELP loans and VET Student Loans.
The loan limit is not renewable. Once a borrower reaches the lifetime limit they cannot borrow further funds.
The proposed HELP tuition limits for the combined HECS-HELP, FEE-HELP, VET FEE-HELP and VET Student loans are:
- $150,000 for students undertaking medicine, dentistry and veterinary science courses, and
- $104,440 for other students.
The limits are reasonable and sufficient, in most cases, to cover almost nine years of study as a Commonwealth supported student.
Why is it important?
These reforms are necessary to ensure Australia’s generous, income-contingent loan system remains sustainable so future generations of Australians, regardless of their background or their financial means, can continue to access higher education without upfront fees.
Outstanding HELP loans now total more than $50 billion, and if reform is not pursued around a quarter of new debts are not expected to be repaid. Some students have borrowed excessively against the student loan schemes and amassed more debt than can be repaid during their working life.
Who does this affect?
The measure will affect all tertiary students intending to access HECS-HELP, FEE-HELP, VET FEE-HELP or VET Student Loans from 1 January 2019 onwards.
Medical, dental and veterinary science students who had previously reached their FEE-HELP limit would have access to additional funds up to the new $150,000 limit. The limit for students in other courses would not be changed.
Previous FEE-HELP, VET FEE-HELP or VET student loans debt would be transferred onto the new HELP tuition limit.
From 1 January 2019, any new HECS-HELP borrowing would be counted towards a student’s loan limit. Previous HECS-HELP debt would not be taken into account.
The Government will establish a new student entitlement management system which would enable providers and students to better manage their student debt incurrals against the HELP tuition limit. The system would prevent students from confirming loan amounts that exceed their loan limit.
Need more information?
Students who are unable to utilize FEE-HELP and who can show severe financial difficulties, may be able to access some financial assistance through programs offered by Malyon. All enquiries relating to financial assistance should be directed to the Malyon College Manager.
Payment of Fees
All tuition, library, accommodation and administration fees can be paid at reception during business hours.
An ‘early payment discount’ of $200 per unit is offered to those students who pay their first semester fees in full by 30 November of the preceding year, and by 30 April for the following semester.
All students are required to pay their full semester fees during the first two weeks of each semester. A signed FEE-HELP application form is acceptable as fee payment, for those who qualify for FEE-HELP. Any student who cannot meet this requirement must meet with the College Manager to discuss the situation and reach an agreed alternative schedule of payment.