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Under the TSL apprentices can access $8,168 in their first year, $6,126 in the second, $4,084 in the third and $2,042 in the fourth year. Eligible apprentices may choose to take up the full amount or just part of it, depending on their needs.
What's a trade support loan?
What is a Trade Support Loan? A Trade Support Loan can help you pay for your everyday living expenses while you undertake your apprenticeship or traineeship. It is an interest-free government funded loan that is paid in monthly instalments for up to six months at a time.
What is apprenticeship support Australia?
Apprenticeship Support Australia combines the 60 years of collective experience of Business Australia in NSW, the Victorian Chamber of Commerce and Industry in Victoria and the CCI WA in Western Australia, to deliver skills development advice and solutions to businesses and job-seekers across Australia.
How long does it take to get the trade support loan?
It can then take 5- 10 days to reach your bank account. (eg. If you commenced/recommenced on 6/5/20 and have been approved to receive the Trade Support Loan, then on the 6th of each month your payment will be generated. It will then reach your bank account on approximately 11th to 16th of each month).
What is an Australian apprenticeship support network provider?
Training contacts The Australian Government contracts Australian Apprenticeship Support Network (AASN) Providers as the first point of contact to provide information and advice to support employers, apprentices and trainees across Australia to better navigate the apprenticeship and traineeship system.
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A mortgage can also be described as "a borrower giving consideration in the form of a collateral for a benefit (loan)". 30 year mortgage of 4% on $250,000 loan.
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