VET FEE - HELP Information

What is VET FEE-HELP?

Basically, VET FEE-HELP allows you to study now and pay later.

It's an Australian Government loan scheme that helps eligible students pay their tuition fees for diploma and advanced diploma level courses at approved VET FEE-HELP providers (like Kangan Institute).

Who is Eligible for VET FEE-HELP?

You could be eligible for a VET FEE-HELP loan if you:

  • are an Australian citizen or permanent humanitarian visa holder resident in Australia for the duration of the unit of study;
  • are a full fee paying student or a subsidised student in a 'reform state or territory' (Victoria is a reform state);
  • are studying a diploma, advanced diploma, graduate certificate or graduate diploma at an approved provider;
  • are studying in a specified certificate IV course (as stated below) as a state-subsidised student, and meet the other VET FEE-HELP eligibility requirements. See the VET FEE HELP page for more information.
    • Certificate IV in Building and Construction
    • Certificate IV in Competitive Systems and Practices
    • Certificate IV in Disability
    • Certificate IV in Training and Assessment
  • have read the VET FEE-HELP information booklet (you must read this);
  • submit the Request for VET FEE-HELP assistance form by the census date. For a list of census dates click here.
  • For VET FEE-HELP – Student Entry Procedure, click here.

How do I Apply?

You need to submit a Request for VET FEE-HELP assistance form by the census date related to the units of study that are part of the course you're applying for. You can request this form from our Customer Service Centres. You must submit the form to Kangan Institute. You will need to provide your tax file number to complete the form. You must read the 2016 VET FEE-HELP information booklet before submitting this form.

How Much can I Borrow?

In 2015, the VET FEE-HELP limit is $97,728. This is the maximum you can borrow over your lifetime.

Is there a Fee for the VET FEE-HELP Loan?

Yes. The loan fee can be up to 20 per cent and is included as part of your VET FEE-HELP debt. There is no interest charged to this loan, but your debt total is adjusted (indexed) each year in order to keep its real value.

Please note: The loan fee currently only applies to full-fee paying students.

How does the Loan get Repaid?

The VET FEE-HELP loan is repaid gradually through the tax system once your income is above the minimum repayment threshold set by the Australian Taxation Office (ATO). In the 2014-15 period, the income threshold was $53,345. After you earn this amount or higher, an amount is deducted from your pay that goes toward paying your loan.

You may also make voluntary payments and this could result in a benefit to you in the long term.

For More Information, including how to Apply:

VET FEE-HELP Testimonials

"I couldn't afford the fees, but VET FEE-HELP enabled me to continue studying. I'm now working in an accountant's office and would definitely recommend VET FEE-HELP to others."
-- Gayle Fitzpatrick
Advanced Diploma of Accounting

"I wasn't working at the time and thought it would be a great idea to pay my TAFE fees off after I found a job. I'm now working full-time. VET FEE-HELP allowed me to study and not have to worry about money issues."
-- Christine
Diploma of Visual Merchandising

"I didn't have the money to pay for the course so needed assistance. VET FEE-HELP has been great. It's not always easy to pay up front, so having this option is an opportunity that anyone should take when it comes to planning their successful future."
-- Zeklina Talveski
Advanced Diploma of Justice

"I didn't have enough money saved to pay for the course out right. VET FEE-HELP enabled me to study without having to borrow money from my parents or the bank. I'm now employed as a massage therapist and would definitely recommend VET FEE-HELP."
--Tania Nalesnik
Diploma of Massage Therapy

"VET FEE-HELP enabled me to advance my skillset whilst still covering immediate living expenses. I'm now practicing in my own clinic!"
--Peter Easton
Diploma of Myotherapy

"As a mother of three children on Centrelink payments, VET FEE-HELP made studying less stressful as I wasn't worried about my children missing out."
--Tracy
Advanced Diploma of Justice