VET Student tuition fee funding options
Students commencing VET study in 2017 and beyond
Due to changes in legislation, VET Student Loans (VSL) will commence on 1 January 2017, replacing the current VET FEE‑HELP scheme.
VET Student Loans is a Commonwealth Government loan scheme that assists eligible students in eligible Diploma courses to pay all or part of their VET tuition fee. The eligible courses are listed on the VET Student Loans Approved Course List.
If you are eligible for VET Student Loans assistance, the Australian Government pays the amount of the loan direct to the approved training provider and records a debt against your Tax File Number with the Australian Taxation Office (ATO).
You are required to repay your loan through the Australian taxation system once you start earning above the minimum repayment threshold. The current minimum threshold may be found on the government's StudyAssist website. Voluntary repayments can be made at any time directly to the ATO, regardless of income. A VET Student Loan may impact on your credit rating.
Payment Plan Options
We offer payment plans to cover course fees. With this payment plan you can choose to make weekly, fortnightly or monthly payments to suit your budget. For further information on the payment plan please contact us on 1300 306 886 or email firstname.lastname@example.org. Payment plans are interest free.
Current Students Accessing VET FEE-HELP
In order for you to continue to access this payment option for your studies in 2017, you will need to ‘OPT-IN’. An email will have been sent to you from the Department of Education and Training containing instructions. If you have not received the email with instructions, please contact the Department of Education directly via email@example.com or 1800 020 108.
For further information on the new measures and transition arrangements visit education.gov.au.
If you have questions about the new scheme, you can contact the HELP Student Enquiry line on 1800 020 108 or email VETStudentLoans@education.gov.au