Surviving as a student
You may qualify for a scholarship or government support which can make managing the cost of studying a lot easier. A good place to start looking at what scholarships are available is studyassist.gov.au – they have links to several scholarship and awards offerings.
If you’re interested in support from the Australian government you can see if you’re eligible for ABSTUDY, Austudy or Youth Allowance.
You can’t choose your family but you can choose your friends and flatmates. If you’re leaving home it means you’re likely leaving living with your family. For the first time you may be able to choose who you live with – choose carefully. While James who DJs in his spare time might seem like a lot of fun, he may not be the most helpful when it comes to trying to study.
You can’t put a monetary value on how much being able to get a decent night’s sleep is worth. It will help you study and continue to make good decisions.
As a student, you have access to a range of discounts and services. Take advantage of them! Perks if you bank with CommBank include:
- $0 monthly account fees1 on the Everyday Account Smart Access
- $0 annual in the first year on a Student credit card 2
- $0 personal loan establishment fee1
- $0 Travel Money Card issue fee1.
Whether you’re hopping on the bus to class or headed for the movies, a concession card is a handy little thing that can save you some serious dollars. Always have it on you so you can make the most of these deals.
Prepare in advance for your classes, it’s amazing how much doing the readings helps when you turn up to class. As fun as university and TAFE are, you’re there to learn and it’s going to be a costly party if you leave after three of four years without much knowledge. When buying textbooks, look into what you can buy second hand. You can then try and resell the books at the end of the semester to save even more money.
Spending too much is an easy trap to fall into as a student. Set yourself an achievable budget that has room for having fun but also means you won’t be building up a credit card debt. Try to stick to this budget as best you can. Through My Spend on NetBank you can track your spending to spot any areas where you may need to cut back on.
Things you should know
1 Waived for the duration of your studies, if you are a tertiary student at an educational institution located in Australia or are undertaking an Australian Apprenticeship. You must show us suitable student identification. Travel Money Card and personal loan discounts apply to in branch applications only.
2 We'll waive your annual fee for the first year. You’ll continue to pay no annual fee in subsequent years as long as you spend at least $1,000 using your student card in the previous year. Or if you have an Everyday account with Student Options, simply present your student identification in branch each year to get the annual fee refunded.
This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice.