The cost of your education as a Commonwealth supported student is shared between what you pay and what the Government pays. . As a Commonwealth supported student, the Commonwealth Government pays a part of the cost of your education and, as a student you pay a student contribution. Student contribution amounts are calculated per course. Courses are grouped into bands which attract different student contribution amounts.
Your student contribution amount for each course is based on the band amount and the EFTSL1 value of the course.
Band 4C consists of courses in the following areas: law, administration, economics and commerce.
Band | Area of Study | Pre 2021 Students | Students commencing from 2021 |
---|---|---|---|
4C | law, administration, economics and commerce | $13,305 |
$16,992 |
Band | Area of Study | Pre 2021 Students | Students commencing from 2021 |
---|---|---|---|
4C | law, administration, economics and commerce | $12,781 |
$16,323 |
Band | Area of Study | Pre 2021 Students | Students commencing from 2021 |
---|---|---|---|
4C | law, administration, economics and commerce | $11,857 |
$15,142 |
Band | Area of Study | Pre 2021 Students | Students commencing from 2021 |
---|---|---|---|
4C | law, administration, economics and commerce | $11,457 |
$14,630 |
The formula for calculating your contribution amount for this course is:
EFTSL1 value for the course x band amount
As an example:
ACCT 1006 has an EFTSL1 value of 0.1252 and is a band 4C course with a band amount of $15,142 for a 2021 commencing student.
Therefore the student contribution amount you will be required to pay for this course is equal to:
0.125 (EFTSL value) x $15,142 (band amount) = $1,8923
As part of the Job-ready Graduate Package, the Australian Government has changed the maximum student contribution rate for law, administration, economics and commerce courses by moving them from band 3 to band 4. Continuing students will not be disadvantaged by these changes. Students already studying in a Commonwealth supported place will have their student contribution amounts grandfathered.
Am I a pre-2021 student?
You are a pre-2021 student if:
For previous years, check the historical student contribution rates.
1 The EFTSL (Equivalent Full Time Student Load) value is a measure of the study load for a course, as a measure of the total required study load for a full year in undertaking your program on a full-time basis.
2 Please note all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.
3 If the amount calculated consists of whole dollars and a number of cents, the amount will be rounded down to the nearest whole dollar.