Bernadette Gigliotti and Ellen Fleming Career Education Association of Victoria 10 May 2012 Benalla.

Bernadette Gigliotti and Ellen Fleming Career Education Association of Victoria10 May 2012 Benalla

WHAT WE WOULD LIKE TO COVER….

CEAV – who we represent Going to university – how much does it cost? What is HECS - HELP? What benefits can you get from Centrelink? Where can a student live? What scholarships are available?

CAREER EDUCATION ASSOCIATION OF VICTORIA (CEAV)

MONEY MATTERS What to consider….

Cost of course contributions

Student amenities fee –

library and services

Textbooks, specific

equipment , fieldtrips

Accommodation

Living needs and expenses

Travel arrangements – car ,

public transport

DEGREES AND ASSOCIATE DEGREES (CSP-2012)

Commonwealth Supported Place Student contribution band

Max contribution for a place in 2012

Band PM: national priorities – mathematics, statistics

$4,520

Band PS: national priorities science $4,520

Band 1: humanities(arts); behavioural science, social studies, clinical psychology, foreign languages, visual and performing arts, education and nursing

$5,648

Band 2: computing, built environment, other health, allied health, engineering, surveying, agriculture

$8,050

Band 3: accounting, administration, economics, commerce, law, dentistry, medicine, veterinary science.

$9,425

WHAT DOES IT COST?

Teacher- 3 years undergraduate + 1 year postgraduate Estimate Cost: $22,592First year Salary : $57,000 per year

Civil Engineer: 4 years undergraduate study Estimate Cost: $32,200First year salary $ 78,000 per year Job Outlook (DEEWR)

OTHER FEES

Student Amenities Fees – covers, library, student union, facilities, services, counselling and support services for students on and off campus.

Eligible students will be able to defer payment of this fee through SA- HELP.

In 2012 maximum charge $263 per year.

HELP – PAYING FEES STUDYASSIT.GOV.AU

The Commonwealth Administers 5 HELP loans

HECS – HELP

FEE – HELP

SA – HELP

OS - HELP

VET – FEE HELP

HOW DOES THE HECS – HELP DISCOUNT WORK?

Partial payment of upfront fees discount of 10% reduces the amount of student contribution

Marnie makes a partial up-front payment of $500 before the census date, which means her payment, including the discount, is $555.56. Her HECS-HELP debt will therefore be $3,000 - $555.56 = $2,444.44.

(Study Assist DEEWR)

PAYING BACK HECS- HELP

Students who use a HECS-HELP loan will be required to pay their debt through the tax system when they earn above the minimum threshold for compulsory repayment, even if they are still studying.

For the 2012-13 income year, the compulsory repayment threshold is $49,095.

(Studyassist.gov.au)

WHAT ABOUT INTEREST ?

You are not charged interest on HELP debts

However your accumulated HELP debt is indexed on 1 June each year against the CPI

Year Indexation rate

2011 3.0%

2010 1.9%

2009 3.9%

2008 2.8%

2007 3.4%

2006 2.8%

STUDY ASSISTSTUDYASSIST.GOV.AU

WHICH WAY?

Associate degrees- 2

years

Dual Sector

TAFE – Cert III/IV,

Diploma, Advanced

Diploma Part-time combine

study and work

CENTRELINK- CAN THEY HELP?

Number of assistance payments: Youth Allowance can include Away from

Home Rate, Rent assistance, Fares allowance, lump sum advances

Austudy ABStudy Pensioner Education Supplement Assistance for Isolated Children Student Start Up Scholarship Relocation scholarship

WHERE CAN A STUDENT LIVE? On campus - halls of residence On campus – colleges

Off campus – residential apartments – shared and single

Off campus shared houses Off campus – boarding Off Campus – family and friends

At home

Student Services – on campus to assist with residential options

SAMPLE ON CAMPUS HALLS OF RESIDENCE

Latrobe University Bendigo Fees and charges 2012 – Bendigo   Hillside

Apartments Compulsory Fees ( per calendar year)

Refundable bond $500.00 Orientation & Transition Program Fee (1st yr

residents only) $120.00 Student Club/ Student Association

Fee + $110.00 Facilities & Services Fee+ $350.00 Internet Connection Fee $150.00 Rent rate (daily rate)   $27.50

WHAT SCHOLARSHIPS ARE AVAILABLE?

Wide range Academic / Institution Region Industry Specific Government – Commonwealth and State Business Private Benefactors Residential Halls and Colleges Undergraduate and Postgraduate

Scholarships Fee Remission Textbooks, equipment and employment

• Personal information and location

• Non English speaking background

• Difficult circumstances

• Disadvantaged financial

background

• Disability or medical condition

• SNAP (RMIT) and SALT

(LATROBE)

6 SEAS CATEGORIES

http://www.vtac.edu.au

OTHER OPTIONS

GAP Year –

employment or

volunteering abroad

Defence Force – GAP

Year (fully paid)

CPA Internships –

salary and study

costs paid

WHAT WILL THE FUTURE WORKPLACE LOOK LIKE?

The Future….

THE FUTURE…. • Massive Skill shortage – 2030 less than 30,000 people

available to enter the workforce – west ageing workforce, east young workforce [OECD report International Symposium Sydney 2006]

• Movement in Australia of workforce to the west and north – mining boom increasing.

• Technology driven workplaces – shifting from home, car, airports, anywhere.

• Decrease - western economies and an increase in eastern economies.

• New millennium babies – new skills, adaptable, portable, global citizens, multi lingual, their careers not even invented yet.