NZQA Assessment Support Material
Unit standard
28093
Title
Describe the future financial responsibilities of utilising tertiary study funding
options
Level
2
Credits
Version
3
2
Student guidelines
How you will be assessed
You will be assessed on how well you:
 Describe and compare a student loan and one other tertiary study funding option in terms of
their key factors (criteria for eligibility, components of tertiary study costs, advantages,
disadvantages) for your personal situation.

Describe and compare the potential consequences for the two options on your financial
responsibilities and choices in the short and long term.

Make links to the financial responsibilities and implications for future choices for the two funding
options.

Justify the suitability of the two options to your personal financial responsibilities and choices.
AWAR D O F G R AD E S

For award with Achieved, you must: describe and compare a student
loan and one other tertiary study funding options in terms of their key
factors (criteria for eligibility, components of tertiary study costs,
advantages, disadvantages); describe and compare potential
consequences of the funding options in terms of your financial
responsibilities and choices (short and long term).
28093 version 2
Student guidelines
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June 2015
 New Zealand Qualifications Authority 2017
AWAR D O F G R AD E S

For award with Merit, you must: provide a detailed comparison of the
two funding options and make links to the financial responsibilities,
potential consequences and implications for future choices.

For award with Excellence, you must: provide a comprehensive
comparison of the funding options and a justification of the suitability
of the two funding options for your financial responsibilities and
choices.
CONDITIONS OF ASSESSMENT
The assessment is an open book assessment. You may use any
information to help you complete the task(s). Answers must be in your
own words.
Your assessor will provide you with information regarding timeframes for
this assessment.
28093 version 2
Student guidelines
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June 2015
 New Zealand Qualifications Authority 2017
Task 1
1.
Use the following table to describe a student loan and one other tertiary study funding
option for your own situation/circumstances. Check with your assessor that your other
option is realistic and appropriate to your situation.
Key Factors
Option 1:
Student loan
Option 2:
State here
[______________]
Criteria for eligibility
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Components of
tertiary funding costs
Advantages
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Disadvantages
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2. Compare the two study funding options in terms of the key factors you described above.
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3. Describe the potential consequences of the two (2) study
funding options in the short and long term on your future
financial responsibilities and future choices.
What will you have
to pay back?
What will the effect
be on your personal
finances?
Short Term
Funding options
Consequences
Financial
responsibilities
Future choices
Option 1:
Student Loan
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Option 2:
Long Term
Funding options
Consequences
Financial
responsibilities
Future choices
Option 1:
Student Loan
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Option 2:
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4. Describe how the two options compare in terms of their potential consequences on your
financial responsibilities and implications for future choices in the short and long term.
Short Term
Long Term
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Student guidelines
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5. Link the financial responsibilities, potential consequences and consequences for the two
study funding options by explaining how they may have an effect on your future choices
Option 1: Student loan
Option 2:
6. Justify why each option is suitable (or not) for your financial responsibilities and future
choices.
Option 1: Student loan
Option 2:
28093 version 2
Student guidelines
Page 11 of 11
June 2015
 New Zealand Qualifications Authority 2017