As of the 1st January 2024, the Trade Support Loan was renamed to the Australian Apprenticeship Support Loan. The qualifications listed as eligible to apply for this loan was also updated and you may find that you are now able to access this loan for financial support while you are completing your Apprenticeship.
You can borrow up to $24,492 (2023-2024), which is paid in monthly installments. You can apply for an AASL if you are completing an Australian Apprenticeship in a qualification listed on the Australian Apprenticeship Support Loans Qualifications list.
Click here to download the Priority List
You will not have to repay your loan until you are earning an income above the minimum repayment threshold ($51,550 for 2023-24). In order to maintain the real value of the loan, the loan amount will be indexed according to the Consumer Price Index annually.
Once you successfully complete your Apprenticeship, you will receive a 20% discount on your loan amount. If you would like more details, please click here to download the Pamphlet.
Applications can be made online through the ADMS portal.
If you have any Questions or need support, please contact your local Mas Consultant or call us on 1300 627 628.