CSP is in the most general and basic terms, it means that the government will firstly pay 20% of your total student contribution fees, hence you'll need to pay 80% of your student contribution fees, but still its quite hefty to pay all of it in one go, hence the government lends you a no-interest loan, you do not have to pay the government back this amount of money until your income reaches $36 k [AUS Dollars] through your TAX, hence the reason why they ask for your Tax File Number during your enrolment process of the FEE-HELP.
DFEE is basically the same as CSP, EXCEPT the goverment does not pay 20% of your student contri fees, however, the govt will STILL loan you their no-interest loans, and once again you pay them when your income reaches somewhere around $36 k [AUS Dollars].
Taken from goingtouni.gov.au
You do not have to begin repaying your accumulated HELP debt until your repayment income is above the minimum threshold for compulsory repayment, which in the 2005–06 income year is $36,184. Your repayment income is made up of the following amounts from your tax return for the income year
<sup>6</sup>:
- your taxable income; plus
- any net rental loss; plus
- any total reportable fringe benefits amounts; plus
- any exempt foreign employment income amount.
The 20% discount that you saw at the end of UNSW enrolment form applies to both CSP + DFEE, so long as you pay 500 bucks or more every beginning of a semester. That's the partial payment.
If you got offered a CSP course, take it over the Dfee course =p Since this will be like your final chance to get free money from our highly taxed govt. Additionally, if you believe you are financially disadvantaged, or just moved in or out of a rural town, you're eligible for the commonwealth learning scheme, this is basically a scholarship thingy in a way, the govt pays the full amount of money for your chosen course.