VET Student Loans

The VET Student Loans program is an Australian Government loan program that helps eligible students enrolled in approved courses at diploma level or above, at approved course providers pay their tuition fees. The loan has income-contingent repayment arrangements, which means you only need to make repayments if you are earning above the minimum repayment threshold. You can make voluntary repayments at any time.

If you are an eligible student, the department may approve your VET Student Loan for an approved course. The department will pay your loan directly to your approved course provider. You will be responsible for any gap amount in the tuition fees, which are not covered by the loan. You will owe a debt to the Australian Government for the loan, which will be managed by the Australian Taxation Office (ATO).

Eligibility

To get a VET Student Loan, you must be an eligible student who is studying an approved course with an approved course provider. You must apply to the government using the approved form and must confirm your engagement and progression to continue to access the loan throughout your course.

Further details of eligibility are given below:

You are an Australian citizen or a New Zealand Special Category Visa (SCV) holder who meets the long-term residency requirements, or a permanent humanitarian visa holder.

You have not exceeded the FEE-HELP limit.

You are enrolled with an approved course provider in an approved course and have enrolled in accordance with the application requirements.

You are studying the approved course primarily at a campus in Australia.

Your course meets the course requirements if it is

specified on the VET Student Loans (courses and loan caps) determination (the courses and loan caps determination)

delivered by an approved course provider

a qualification for diploma, advanced diploma, graduate certificate or graduate diploma in the Australian Qualifications Framework.

You have been assessed by your approved course provider as academically suited to undertake the approved course by either

providing your Australian Year 12 Certificate; OR

providing evidence of successful completion of an Australian Qualifications Framework Certificate IV or higher qualification (where the language of instruction is English); OR

Displaying competence at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy through an approved Language, Literacy and Numeracy test.

In addition, your approved provider must reasonably believe you show competence in completing the course.

You meet the Tax File Number (TFN) requirements.

You have a Unique Student Identifier (USI) or are otherwise exempt.

You have read the VET Student Loans information booklet

You have given the required documents to your approved course provider and submitted the loan application form by the first census day no less than two business days after enrolling.

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