VET Student Loans is a scheme provided by the Australian Government to enable eligible full-fee paying students the opportunity to apply for a loan.
What is a VET Student Loan?
VET Student Loans is a scheme provided by the Australian Government to enable eligible full-fee paying students the opportunity to apply for a loan. Such a loan is to aid in the payment of part of a student’s tuition fees. This scheme is an extension of the FEE-HELP scheme (currently applicable to higher education students) and extends to students studying one or more of the following vocational training courses:
2017 Vet Student Loan Information, Enrolments & Schedules
What is needed to be eligible for VET Student Loan assistance?
To be eligible for VET Student Loan assistance for a VET unit of study, a student must:
be an Australian citizen, NZ Special Categories Visa (SCV) holder who meets eligibility criteria, or a permanent humanitarian visa holder (resident in Australia for the duration of the unit);
have a Unique Student Identification (USI) number or are otherwise exempt;
have a FEE-HELP balance greater than zero – that is, they have not exceeded their FEE-HELP limit;
be enrolled in a VET unit of study that meets the course requirements;
be enrolled in the VET unit of study on or before the census date for the unit and remain enrolled at the end of the census date;
meet the Tax File Number (TFN) requirements;
two days after enrolment has passed you will receive an invitation to accept your student load from the Department of Education and will be required to complete, accept and lodged a Request for VET Student Loan assistance form called an eCAF.
If you are interested in applying for a course approved for a VET Student Loan, you must:
contact the academy to make an appointment to enrol; it takes about 20 minutes.
displaying competence at or above Exit Level 3 in the Australian Core Skills Framework (ACSF) in both reading and numeracy through a CSPA (Core Skills Profile for Adults) LLN (Language, Literacy and Numeracy) assessment.
bring the original and a photocopy of your citizenship evidence and photo identification to enrolment. This may be your Birth Certificate and Driver’s Licence or Australian Passport