THE formation of the inland rail freight route through the North East and Riverina will benefit the regions' students.
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The Australian Rail Track Corporation is bankrolling scholarships via Charles Sturt and La Trobe universities which have campuses in Albury and Wodonga respectively.
ARTC general manager corporate affairs Bas Bolyn said the collaborations are part of a social support program complementing the development of the inland rail link between Melbourne and Brisbane.
The scholarships are each valued at up to $20,000 over a four-year period with a focus on those studying science, technology, engineering and mathematics courses.
"The idea behind it is for these students to graduate and work in these regional communities," Mr Bolyn said.
La Trobe regional pro-vice chancellor Richard Speed described the ARTC's offering as fantastic and generous.
To qualify for La Trobe's scholarships candidates need to have lived in Mitchell, Strathbogie, Benalla, Wangaratta, Indigo, Wodonga and Albury council areas.
More detail about rules can be found at www.latrobe.edu.au/scholarships/inland-rail-scholarship.
The CSU scholarships are open to those from Albury, Greater Hume and Wagga councils as well as others further north on the rail route.
More information about the process is available online at study.csu.edu.au/get-support/scholarships.