Edstart makes it easy for you to manage education costs with flexible payment plans you can control.
Edstart can help spread large upfront school fees into more manageable payments, so that school fees don't hold back your finances.
Our payment plans can be used for any education-related expenses, including tuition fees, boarding expenses, tutoring, excursions and extra-curricular activities.
We calculate your estimated payments based on the time frame you set, with a quick, easy online application. The application process will not impact your credit score.
Our team will then review your details and tailor a payment plan to cover your current and future education costs.
Forward your invoice to us and we will organise payment to the school. Your selected repayment amount will be drawn from your bank account periodically.
Once you’ve been approved and we’ve set-up your Edstart account, simply send us the invoice or statement from your school or education provider to us. We will then directly pay them on your behalf via their preferred payment method (e.g. BPay or direct bank transfer) usually a week before the due date.
Your repayments to Edstart will then occur weekly, fortnightly or monthly via direct debit from your nominated bank account. You can choose whichever payment frequency and start date that suits you best.
Edstart is designed to be much more flexible than a traditional payment plan provider if there are changes to your financial situation or studying arrangements. This is because every Edstart customer receives a flexible line of credit account rather than a fixed payment plan. You can modify your plan at any time and there are no fees or charges for implementing these changes.
Edstart makes school fees simple by providing customised plans that take into account all future education costs. A traditional loan might help with just one year of fees which would mean going to get a new loan each year, or initially borrowing much more than may otherwise be needed.
By contrast, Edstart provides a longer-term solution where future fees can be drawn down and paid to the school only as and when they are due. Your Edstart account can be used to cover all future fees, and you have the flexibility to make adjustments and cancel anytime with no penalty.
Edstart holds a credit licence issued by ASIC and maintain full compliance with all regulatory requirements.
We are a local and specialised provider founded by a passionate team of Australian education and finance specialists.
Louise Carriage, NSW.
"The fact that we can pay Edstart off weekly, rather than lump sums to the school, has made a huge difference.
We've got a $30,000 year coming up when they're in Year 11 and 12, so spreading out the impact of that will be a godsend."
Source: Australian Financial Review