Options to help you better manage your cash flow
Edstart provides two options to help you better manage your children’s education expenses. Our simple repayment plans can fit around your budget and when you get paid.
Edstart Pay
Edstart Pay is an interest-free payment plan that runs up to 12 months.
Instead of large lump-sum payments every term, you can spread your payments evenly across the school year into smaller weekly, fortnightly or monthly instalments.
Fees and charges
| Transaction fee | 3% |
|---|---|
| Interest rate | Nil |
The transaction fee is added to your account each time Edstart pays a school on your behalf.
Some of our partner schools absorb the transaction fee so that Edstart Pay becomes entirely free for families.
Edstart Extend
Edstart Extend is a loan package that allows you to spread your school fee payments beyond the current school year.
Better suited for high-school, you can extend your repayments for up to 5 years after your child graduates.
Fees and charges
| Transaction fee | 3% |
|---|---|
| Interest rate | 5.90% to 12.90% p.a. |
Interest is only charged on the balance of your Edstart account which has been utilised (i.e. the funds that have actually been paid to a school).
Interest rates are personalised based on each applicant’s credit profile, and are typically set between 5.90% to 12.90% p.a.
There are no early payment or exit fees, so you can change your payment level, make additional payments or close your account at any time with no extra fees or penalties.