VET FEE-HELP allows students to study now and pay later. It's an income-contingent, interest-free Australian Government loan scheme that helps eligible students pay their tuition fees for diploma and advanced diploma level VET courses at approved training providers.
Important information for students considering a VET FEE-HELP Loan
The Commonwealth government has announced a re-design of the current VET FEE-HELP loan scheme from 1 January 2017.
The current VET FEE-HELP scheme will cease 31 December 2016. The new VET Student Loans program will replace the existing scheme from 1 January 2017.
This is a new student loans program that replaces the current VET FEE-HELP scheme, to give eligible students access to quality higher level VET qualifications, particularly those students who could not otherwise afford to pay upfront.
Course eligibility for VET Student Loans will be limited to courses that have a high national priority, meet industry needs, contribute to addressing skills shortages and lead to employment outcomes.
There are specific criteria students must meet to be eligible for a loan through VET Student Loans.
Students must have been assessed as academically suited to undertake the eligible course and their FEE-HELP balance must be greater than zero. Furthermore, a student must be:
What students need to know about VET Student Loans?
A range of measures will be implemented from 1 January 2017 that will affect students hoping to access income contingent loans to pay for their course fees.
If you have any questions, concerns, or require more information regarding any element of VET Student Loans Department of Education and Training HELP Student Enquiry line on 1800 020 108 or email VETStudentLoans@education.gov.au
Students wishing to apply must first read the 2017 VET Student Loans Information Booklet
Students who have an existing VET FEE-HELP loan have the option to continue accessing VET FEE-HELP for units with a census date to 31 December 2017. The Department of Education and Training will contact you asking if you wish to continue accessing VET FEE-HELP.
Students must opt-in before returning to study - that is before attending any classes to continue a course - and no later than 31 March 2017
You can find out about the VET FEE-HELP 'opt-in' here
Additional information regarding VET FEE-HELP opt-in students can also be found here
For VET Student Loans information please visit the Commonwealth Department of Education and Training website here