Option #1: The free as bird places
The stock standard spot type is the Commonwealth Supported Place (CSP).
This implies that the Government contributes towards the expense of your education, and you can concede the rest to tax later on, through the HECS-HELP framework.
You get nothing more from the Government (besides obviously a reasonably priced education) and they request nothing from you. The vast majority make CSP their number one option and thusly, they for the most part have a higher cutoff score.
Option #2: The rurally bonded places
There are 2 sorts of rurally bonded places. These spots are likewise supported by the Commonwealth (meaning the Government contributes towards the expense of your education and you can concede the rest to tax through HECS-HELP), yet they have extra 'return of service' (ROS) conditions:
- Bonded Medical Place (BMP): expects graduates to work in regions of labor force deficiency (by and large, outside of urban areas) for the timeframe comparable to the length of your medical course.
- Medical Rural Bonded Scholarship (MRBS): expects graduates to work in country or distant regions for 6 years less any scaling discount.
The BMPs are by and large granted to those with somewhat lower cut-off scores (as higher positioned candidates take all the CSPs).
The MRBS places, then again, are regularly the hardest to get as it appears they are frequently preferenced first by a few especially valiant candidates who are enamored with the rural places, would like to get a scholarship and aren't terrified by the cumbersome circumstances or cruel punishments for breaking the arrangement.
Option #3: The show me the cash places
At the opposite finish of the range, a few clinical schools offer Full Fee Places (FFPs). A significant things to note about FFPs:
- These are not financed by the Government, so the understudy is expected to pay the whole educational cost.
- Understudies might get cash from the Government through FEE-HELP, and concede reimbursement to tax (like HECS-HELP), however they can only get up to the ‘FEE-HELP limit'
- Assuming that the degree is an undergraduate degree (MBBS) there is additionally a 25% loan fee added to your FEE-HELP obligation, yet the loan fee doesn't combine with your FEE-HELP limit.
For more information, check out our full article here: https://gradready.com.au/posts/gamsat-preparation-courses/medical-school-place-types-and-changes-to-the-bonded-schemes
