334 Apprentices in Calare accessing the Coalition Government's Trade Support Loans
The number of Australian apprentices supported through the Coalition Government’s Trade Support Loans has doubled in the past year, with 40,000 apprentices accessing loans nationwide, including 334 in Calare.
Member for Calare, the Hon John Cobb MP said the large number of applicants showed that the programme is a vital helping hand for Australian apprentices seeking to complete trade qualifications.
“The Coalition Government’s Trade Support Loans programme has allowed hundreds of apprentices in Calare to access financial assistance while completing their training,” Mr Cobb said.
“This loan scheme is particularly important to those undertaking apprenticeships regionally that have to travel to complete their studies and urge those who haven’t applied to get more information about this fantastic programme,” Mr Cobb said.
The Trade Support Loans programme offers loans of up to $20,000 to help apprentices cover day-to-day expenses associated with living, learning and completing an apprenticeship.
Trade Support Loans can also be used by apprentices to purchase necessary equipment for their chosen trade. The objective of the programme is to encourage and assist apprentices to complete their training in key sectors of the economy where there are real skill shortages.
As an additional incentive, the Trade Support Loans programme rewards those who successfully complete their apprenticeship by giving them a 20 per cent discount on their loan amount.
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