The electorate of Forde is becoming hub for young apprentices as tradies in training take up the government’s trade support loans to help them in their quest to become qualified.
The number of apprentices accessing the Federal government’s Trade Support Loans has doubled in the past year, with over 40,000 applications received nationwide.
Federal Member for Forde, Bert van Manen MP said he was proud to announce his electorate of Forde had one of the largest uptake of participants in Australia, with the programme supporting 666 local apprentices.
“Trade Support Loans give apprentices the support they need to focus on completing their apprenticeship without worrying about how to pay for up-front costs,” Mr van Manen said.
“I encourage local apprentices in need of a helping hand to apply for a Trade Support Loan.
“It is a fantastic initiative and more information on the assistance for apprentices is available through my office.”
Minister for Vocational Education and Skills Senator the Hon Scott Ryan, said the large number of applications showed the programme was supporting and encouraging Australians to take up and complete an apprenticeship.
“The Government’s Trade Support Loan programme gives apprentices the flexibility to start an apprenticeship without having to worry about the up-front costs,” Minister Ryan said.
“This programme ensures apprentices get access to income-contingent loans similar to those provided to tertiary students.
“It is an important commitment by the Coalition Government to ensure apprenticeships are equally valued as a choice for those seeking further education or training.
Minister Ryan said Trade Support loans not only helped attract apprentices to learn a trade, they also encouraged a higher completion rate.
“The Trade Support Loans incentivise the completion of apprenticeships with a 20 per cent discount on the total loan amount upon completion.”
