Performance Criteria for Student Loans
From 1 January 2011, students will be required to pass at least half of their courses in order to continue to qualify for a student loan. All study which ended from 2009 onwards will be assessed.
On this page:
How Does This Affect Me?
1. Calculate how many points you enrolled in since 2009.
Be sure to include any courses passed, failed, or withdrawn late from (with approval from the Associate Dean or due to exceptional circumstances). To see the different grade categories, go to Explanation of Grades.
NB: For some students who studied in January or February 2009 as part of a 2008 Student Loan Contract, 2008 study may also be included. You can contact the Student Fees Advisors to check whether your 2008 study would be included.
Example A: Julian enrolled in 140 points in his first year. In the second week, he withdrew from one course (20 points) and got a full refund. In the fourth week, he withdrew from another course (20 points). Then at the start of his second year of study, he enrolled in 100 points. Toward the end of the second trimester, he got sick and withdrew from all of his second trimester courses (60 points) with the Dean's permission.
20 points withdrawn on time - not counted
20 points withdrawn late (partial refund by Fees Reconsideration) - counted
60 points withdrawn late (Dean's permission) - counted
140 studied to the end of term (passed or failed) - counted
Total: 220 points attempted.
Courses withdrawn from by the dates outlined in Appendix E (PDF, 47KB) of the Fees Statue will not count towards your performance eligibility.
*If you have exceptional circumstances, you can apply to Studylink for special consideration.
Example B: Ashley enrolled in 120 points in her first year. In the second week, she found out that she got an internship and decided to take a gap year, withdrawing from all courses*.
120 points withdrawn on time - not counted
Total: 0 points attempted.
Example C: Simon enrolled in 105 points in his first year of study (60 points in Trimester 1 & 45 points in Trimester 2). In the first week of Trimester 2, he decided to take the rest of the year off and travel with friends, withdrawing from his Trimester 2 courses.
60 points studied to the end of term - counted
45 points withdrawn on time - not counted
Total: 60 points attempted
2. If you have attempted less than 192 points (1.6 EFTS) since 2009:
You don’t need to declare your performance until the next Student Loan application.
Example D: Kelly studied 60 points in her first year of university and 120 points in second year. That is 180 points (1.5 EFTS) in total. In her third year, she can qualify for a Student Loan regardless of how many of those points she has passed. When she applies for her next Loan, she will have attempted more than 192 points, so her results will be assessed before the loan can be approved.
3. If you have attempted 192 points (1.6 EFTS) since 2009:
Your grades from 2011, 2010 and 2009 (and in a few cases 2008 as well) will be considered. If you have passed at least half of all the points you attempted, you will continue to be eligible for a Student Loan.
Example E: In first year, Jane passed 3 out of 8 courses (45 out of 120 points).
2 courses withdrawn on time (30 points) - counted
3 courses passed (45 points) - counted
3 courses failed (45 points) - counted
In second year, she passed 5 out of 8 courses (75 out of 120 points).
1 course late withdrawal (partial refund by Fees Reconsideration, 15 points) - counted
5 courses passed (75 points) - counted
2 courses failed (30 points) - counted
In total, she passed 120 out of 240 points (1.0 out of 2.0 EFTS). That is half, so in her third year, she is still eligible for a Student Loan.
If you did not pass half of the points you attempted, you will not be eligible for a Student Loan.
Example F: In first year, Mark passed 2 out of 6 courses (40 out of 120 points).
4 courses withdrawn late (fees reconsideration) (80 points) - counted
2 courses passed (40 points) - counted
In second year, he passed 3 and withdrew late from 3 (passed 60 out of 120 points).
3 courses withdrawn late (60 points) - counted
3 courses passed (60 points) - counted
In total, he passed 100 out of 240 points.
That is less than half, so he will not be eligible for a Student Loan when he returns to study. This may change once Studylink have assessed the exceptional circumstances that caused him to withdraw late from the 4 first year courses.
If I Lose Access To The Student Loan, How Can I Get It Again?
1. Self-Fund
You can regain access to the Student Loan by paying for your study yourself (self-fund) until you have passed half your attempted points. To find out how many points you need to pay yourself, subtract your passed points from your failed points.
Example G: In first and second year, Mark passed 100 and failed 140. He can enrol in 40 points (140 pts minus 100pts), and pay for them himself. If he passes all 40 points, he reaches the half-way mark (passed 140 out of 280), and then he is eligible for a Student Loan again.
2. Postpone your study for 5 years
You can wait until your previous failed study is no longer considered. This is a five-year cycle (see table below).
| Year | Performance assessed from |
|---|---|
| 2011 | 2009, 2010 |
| 2012 | 2009, 2010, 2011 |
| 2013 | 2009, 2010, 2011, 2012 |
| 2014 | 2009, 2010, 2011, 2012, 2013 |
| 2015 | 2010, 2011, 2012, 2013, 2014 |
| 2016 | 2011, 2012, 2013, 2014, 2015 |
If you are unsure about whether or not you will be affected by the recent Studylink changes, you can contact the Student Fees Advisors or the Financial Support and Advice team to discuss your situation.
Please note the following:
- Performance is only one of many criteria a student must meet to qualify for a Student Loan. For more information or to apply for a Student Loan please go to the Studylink website.
- This information is only relevant for study at Victoria. If you have studied at another institution since 2009 you will need to contact the institution or Studylink for your details related to that study period.
The above information is determined by Studylink and was correct as at November 2010. While we make every effort to ensure this information is correct, it is indicative only and may vary dependant on a student's individual situation.
