Financial Assistance for Apprentices and Trainees
Doing an apprenticeship or traineeship is a great option for a lot of reasons. The best thing is that you get to earn while you learn, but on top of that there are also lots of different government grants on offer.
These grants can to help you cover the costs of completing your trade qualification and buying the equipment or materials you need to do the work.
Here's an overview of some of the assistance available to apprentices and trainees.
Apprentice Trades Bonus
The Apprentice Trade Bonus is a Victorian Government initiative that pays for you to complete your studies. Basically, it's two payments of $250:
- You get the first payment after you've completed six months of your training
- You get the second payment when you've completed twelve months of training
That's an extra $500 for what you were probably planning on doing anyway!
The payments are in the form of vouchers that are redeemable at any Australia Post outlet displaying the Bank@Post sign. The vouchers will be issued in your name and mailed to your employer.
For more information, check out the Apprentice Trade Bonus (new window) page on the Department of Education and Early Childhood Development's website.
Skills Shortage Areas
If you’re not already doing an apprenticeship or traineeship, there may be financial assistance that could help to pay for your training in a skills shortage area.
For more information about skills shortages, take a look at our Skills in demand page or check Australian Apprentices (new window) for updates about current schemes, including living away from home allowances, support for adult apprentices and assitance for apprentices with a disability.
Group Training Australia runs a leadership program for selected apprentices and trainees called Today’s Skills: Tomorrow’s Leaders. In previous years, apprentices and trainees have met with federal government representatives to discuss training and work opportunities.
Find out more on the Group Training Australia website (new window).
Tools for Your Trade
If you’re an apprentice in a "skills need trade" the Australian government might be able to help you cover some of the costs of working in your trade (e.g. if you have to move out of home, or save up for a car or buy a toolkit).
Tools For Your Trade grants offers financial assistance to help you to pay for a tool kit to use as part of your trade. To find out more visit the Australian Apprenticeships website (new window).
Some employers are happy to pay for the cost of your training fees, so it’s worth asking if that’s part of their offer.
Ask your registered training organisation (RTO) if they have student loans available, and who is eligible to apply.
You may be able to apply for an allowance if you are staying away from home to attend your classes. Your RTO will be able to give you more information.
Apprenticeships and Traineeships
The Victorian Government has a range of guides and resources about apprenticeships and traineeships in Victoria.
Apprentice Trade Bonus
All the information about this support scheme for apprentices studying in the traditional trades.
The Federal Government's apprenticeships and traineeships scheme (formerly New Apprenticeships).