What is a tuition fee loan?
A tuition fee loan from Futurity can cover the cost of private school fees for Australian primary and secondary school students. Our tuition fee loans can also help you to pay for other education-related fees like levies, uniforms, textbooks, excursions or extra-curricular activities - as long as they’re listed on the school’s invoice.
With private school fees increasing faster than inflation, the expense is starting to eat into a larger part of many Australian families' budgets. So easing the pressure of when you need to make repayments may be an A+ choice to help you smooth out the costs of your child’s tuition throughout the year.
As our tuition fee loans are continuing credit contracts, when you complete your current repayment schedule you can use the loan again, within the approved loan limit, for future school years.
Part-year funding is also available; but the repayment schedule cannot exceed the period of the invoices being funded.
Plus if you want an additional loan or limit increase, you can apply through our online portal. Where your previously saved application details will ensure a streamlined and simplified application process.
Futurity Education Loans
Repayment choices
With the flexibility to choose a repayment option that suits your family’s cash flow needs, repayments can be made... either weekly, fortnightly or monthly. With the added convenience of a set and forget direct debit from your nominated bank account.
Read moreFees are clear
Enjoy the benefits of a $0 Application Fee and no ongoing interest.
With an affordable annual Service Fee of 3% of... the Loan Limit applies for Tuition Instalment Loan.
Or a cost effective annual Service Fee of 6% of the Loan drawdown amount applies for Tuition In Advance Loan.
Note:
A default interest rate of 4% may apply if loans are not repaid in full by the due date.
Extras are sorted
You can also use your loan to pay for other education-related fees like levies, uniforms, textbooks, excursions or... extra-curricular activities. As long as they are listed on your school invoice, you’re good to go.
Read moreCompare our tuition fee loans for Australian private school expenses.
Now that we’ve covered the meaning of a tuition fee loan, let's take a look at the two budget friendly options Futurity has available to you. Choose from:
Tuition Instalment Loan
Tuition in Advance Loan

Pay private school invoices on time by term or semester.
Tuition Instalment Loan helps you pay private school fees simply and more conveniently to better manage your cashflow. Use it to pay for all costs detailed on the school invoice including levies, uniforms, textbooks, excursions or extra-curricular activities.
Loan amount 
The amount entered is below the minimum loan amount.
- Service fee (3%) $0
- Total $0
Repayments (12 month period)
-
Weekly50* repayments
$0
-
Fortnighly25* repayments
$0
-
Monthly11* repayments
$0
*Ensures that your repayment schedule is complete before drawing down for the following years school fees.
Assumptions
Disclaimer

Pay school fees annually in advance to obtain your school fee discount.
Tuition In Advance Loan helps you improve your cashflow while taking advantage of the discount offered by your school for full upfront fee payment. Use it to pay for all costs detailed on the school invoice including levies, uniforms, textbooks, excursions or extra-curricular activities.
Loan amount 
The amount entered is below the minimum loan amount.
- Service fee (6%) $0
- Total $0
Repayments (12 month period)
-
Weekly50* repayments
$0
-
Fortnightly25* repayments
$0
-
Monthly11* repayments
$0
*Ensures that your repayment schedule is complete before drawing down for the following years school fees.
Assumptions
Disclaimer
Futurity Tuition Instalment Loan
Let’s get into the details
Futurity Tuition Instalment Loan smooths the payment of school tuition fees over a 12 month period making it the cash flow friendly choice for families. No more juggling of the budget to pay large invoice amounts 2, 3 or 4 times over the school year.
With a Tuition Instalment loan, you can:
- pay the invoices online directly to the school when they are due
- make regular loan repayments to us over a 12 month period
Minimum Loan Amount | $2,001 |
Maximum Loan Amount | No max |
Service Fee | 3% of Facility Limit |
Default Interest Rate | 4% (charged when the facility is in arrears) |
Application Fee | $0 (Normally $100) |
Dishonour Fee | $10 |
Repayment Frequency | Weekly, Fortnightly, Monthly |
Futurity Tuition In Advance Loan
Let’s get into the details
Some private schools offer you a discount if you pay for the year of school fees upfront. Depending on your circumstances, it can be a smart choice to take advantage of this discount which can often be substantial. But you want the best of both worlds in having the budget friendly convenience of making payments evenly of the year. This is where the Futurity Tuition In Advance Loan comes in. It allows you to use your loan to pay the school in full, but you make repayments in convenient instalments spread evenly over 12 months.
With a Futurity Tuition In Advance Loan, customers:
- pay the invoice online directly to the school when it is due
- make regular loan repayments to us over a 12 month period
Minimum Loan Amount | $2,001 |
Maximum Loan Amount | No max |
Service Fee | 6% of the loan drawdown amount. |
Default Interest Rate | 4% (charged when the facility is in arrears) |
Application Fee | $0 (Normally $100) |
Dishonour Fee | $10 |
Repayment Frequency | Weekly, Fortnightly, Monthly |

Manage and pay online with ease
Through the Education Loans Portal you can:
- pay school invoices via BPAY®
- view your balance, the amount available to draw, repayment amount and frequency
- amend direct debit account details
- apply for a loan increase or additional loan
Apply for a tuition fee loan online
Use our easy online application form to apply for one of our tuition fee loans for Australian private school fees. One Tuition Fee Loan is required per school. So if you have multiple children at the same school then you only need one loan, and you’ll only have one repayment. If you have multiple children that go to different schools then a separate loan for each school is required.
This loan is a consumer loan and is regulated by the Consumer Credit Code. Specifically this loan is a continuing credit contract which means the borrower can draw down on the loan on an ongoing basis much like a credit card.
When you apply for a tuition fee loan online, your application will be credit assessed (for your capacity to repay), credit checked and identity checked. If we have everything we need, we’ll get back to you within 2 business days with a decision.
Be sure to have the following handy before you start:
• Details of your income expenses and other financial commitments.
• Copies of three of your most recent payslips or other financial statements.
• Your Drivers Licence, Passport or Medicare card to verify your identity.
If you need help completing the application form, please call us on 1300 345 456.

