Last Updated: 23 Jun 2026
Liquidated damages
You need to pay liquidated damages if there are changes to your course status or if you decide to buy out your Tuition Grant bond.
Overview
Liquidated damages refer to the amount of money you must pay when you fail to meet your Tuition Grant (TG) obligations.
You are liable for liquidated damages if you:
- Withdraw from your course.
- Are terminated from a course.
- Change your course without taking up the TG for your new course.
- Buy out your bond.
- Fail to fulfil your bond requirements after graduation.
How liquidated damages are calculated
The amount includes:
- The total TG amount you received
- Any GST subsidy
- 10% interest per year, compounded at the end of each academic year