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What is Trade Support Loans for Australian Apprentices about?

A Trade Support Loan provides up to $21,078 to apprentices in skills shortage occupations to help cover living costs during training. The loans are paid in installments each year of the apprenticeship, with higher amounts in earlier years. They are interest-free and recipients get a 20% discount on repayment if they complete their apprenticeship. Apprentices talk to their local Australian Apprenticeship Support Network Provider to apply. Repayment through taxes starts once income reaches $45,880 annually. T

Author

Nick Salomone

Language

EN