What expenses does an education loan cover for study masters in Australia?

 Education loans from banks for studying abroad can cover various expenses. While policies may vary depending on the bank, 

1. Tuition Fees - This is always included and is often directly disbursed to the university.
2. Living Expenses - Most banks provide loans that include living expenses like rent, food, and utilities. The amount is usually capped based on a predetermined estimate for the destination country. Some banks release living expenses in regular installments or on a semester/annual basis.
3. Travel Expenses - Many banks include a one-time flight expense for traveling to Australia, but this is not universal and should be confirmed with your bank.
4. Insurance Loans often cover mandatory health insurance, such as the Overseas Student Health Cover (OSHC) required for an Australian student visa.

It's best to directly consult with the experts of Abroad Cube to ensure which expenses are covered by the particular Bank or to secure an Education Loan with maximum coverage.