The Melbourne Institute of Technology (MIT), a leading private provider of higher education in Australia, appreciates the valuable contributions made by international students and recognises the significant impact COVID-19 has had on the finances of some of its most vulnerable students, who through no fault of their own are struggling with the cost of living and studying. Some face a very desperate situation where their part-time or casual employment has ceased and they are unable to return to their home country and at the same time experience difficulty in affording their continued stay in Australia.
The safety and well-being of the MIT community remains the top priority, and MIT is doing everything possible to support students, during this difficult time.
In this light, MIT’s Governing Board has pledged $1,000,000 to support international students who are experiencing financial hardship as a result of COVID-19. The Financial Hardship Fund is available for all students who are enrolled in either an MIT course or a Federation University course at MIT in Trimester 1, 2020. Students at both MIT’s Melbourne and Sydney campuses are eligible for support under this goodwill fund.
The Financial Hardship Fund, announced today, is the most recent among a string of humanitarian initiatives undertaken by MIT and MIT Group Foundation (a registered Australian charity) over the years. MIT continues to lead the way in goodwill initiatives, supporting students as well as many other disadvantaged communities in difficult circumstances of hardship or natural disasters.
The one-million-dollar Financial Hardship Fund will be accessible to eligible students through one-off grants of up to $500 each. Students are not required to repay the grants given.
Guidelines for eligibility criteria and how the fund will be administered are being developed.
In addition to grant payments, MIT has made available other financial assistance initiatives to support students to effectively manage their finances through these extremely challenging times. As a leading education institution, the introduction of these initiatives is offered with the simple objective of encouraging vulnerable students to continue pursuing their long-cherished academic endeavours.
“We have taken these necessary actions to support our international student community following a concerted effort to capture specific details from our student population regarding their financial needs at this time. The one-million-dollar Financial Hardship Fund and other financial assistance initiatives are designed to specifically address the identified needs of our students,” Dr Shesh Ghale, the CEO of MIT, says. Read More...
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Beyond the challenge of finding the right home in the right neighborhood, you might be grappling with some financial questions – such as, how to get faster approval on a home loan or what are the steps in the home loan approval processYes, we all know that with a little homework at the outset, most of these issues can be resolved.Here, in this article, we have de-perplexed the procedures and sketched out the key points that are required for faster approval of a home loan Take a look at these tips to get your Home Loan approved instantly:1.
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Always remember doing your homework beforehand will help you to keep away from undue postponements.6.
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