Edstart Extend is a flexible payment plan for your fees at Scotch College. Better suited for families with children in Year 7 or above, it allows you to reduce your annual fee payments by spreading them over a longer period.
Extend repayments for up to five years after finishing school
Edstart will pay your fees when they're due
Pay in weekly, fortnightly or monthly instalments
Your plan will cover all current and future fees, as well as any overdue fees
Change or cancel at any time with no additional cost
Interest rate: 6.9% to 12.9%
Transaction fee: 3.9%
Interest is only charged on the balance of your Edstart account.
Interest rates are personalised based on each applicant's credit profile and we reward your good credit history with a better interest rate.
Once you've been approved and we've set-up your Edstart account, simply send your invoice or statement to us. We will then organise payment on your behalf usually a week before the due date.
Your repayments to Edstart will then occur weekly, fortnightly or monthly from your nominated bank account. You can choose whichever payment frequency and start date that suits you best.
Unlike a traditional loan, Edstart provides customised payment plans that cover all current and future education costs. This means you don’t end up borrowing more than you otherwise may need or have to get a new loan each year.
You only pay for what you use, and you have the flexibility to make adjustments and cancel anytime with no penalty.
You can make extra repayments or repay your entire balance at any time using your personalised BPay reference (provided on each Edstart statement). There are no fees, charges, clawbacks or penalties for early repayment.
Any extra payments will be applied to your Edstart account immediately, thereby reducing any interest costs that may apply.
Edstart holds a credit licence issued by ASIC and maintains full compliance with all regulatory requirements. We are a local and specialised provider founded by a passionate team of Australian education and finance specialists.
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Edstart Australia Pty Ltd ABN 48 611 024 205 holds Australian credit licence number 485096
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