VET Student Loans - New Program

In the past, students undertaking diploma and advanced diploma courses at TAFE and other approved colleges could defer paying their tuition fees through the VET FEE-HELP scheme. As of 1^st January 2017, this scheme has been replaced by the VET Student Loans program. There are strict requirements for this loan program:

• Students must meet specific criteria to be eligible for a VET Student Loan.
• Students can only access VET Student Loans for approved courses provided by approved providers.
• Eligible students will be entitled to loans up to a capped amount (the cap might be $5,000, $10,000 or $15,000, depending on the course).
• If the course tuition costs more that the loan cap, the student is required to pay the difference.

Students are required to repay the loan through the taxation system when their income reaches the repayment threshold. See the Study Assist website for threshold information: http://studyassist.gov.au/sites/StudyAssist/.

There is a list of approved courses and their capped amounts available at: https://www.legislation.gov.au/Details/F2016L02016. Student fact sheets are also available on the VET Student Loans from the Australian Department of Education and Training website at: https://www.education.gov.au/vet-student-loans.

Mrs Natasha Purcell, Careers Counsellor