VET Student Loans

What are VET Student Loans?

From 1 January 2017, the VET FEE-HELP scheme will wind down and a new VET Student Loans program will commence – replacing the VET FEE-HELP scheme.

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.

VET Student Loans will offer greater protections for students and provide access to quality higher level vocational education and training (VET) qualifications that address industry needs and create better opportunities for employment.

You can find more information about VET Student Loan from the Department of Education and Training’s VSL web page (www.education.gov.au/vet-student-loans-students)

Why are VET Student Loans replacing VET FEE-HELP?

This program is being implemented to provide sustainable and affordable opportunities for students to undertake higher level VET courses. The program aligns with industry needs and employment outcomes, to provide students with the skills required by employers and industry.

Previously, some providers have used unscrupulous marketing practices to target potential students into signing up for courses they may not be ready to undertake or to request a loan for a course without the proper resources to make an informed decision. VET Student Loans puts an end to this behavior and protects students by banning the use of brokers and limiting third party training.

VET Student Loans also has safeguards to prevent providers from accessing the program for courses they cannot deliver or have not been delivering with satisfactory results for students.

Fee Help

Please feel free to contact us if you have any questions:

Box Hill Office Phone number: 03 9890 3350

How do I apply for VET Student Loans?

To apply for VET Student Loans you must first enrol with your provider and indicate you wish to access VET Student Loans. Your provider will then give the department your enrolment information, including the nearest applicable census day, through the electronic Commonwealth Assistance Form (eCAF) system.

You will then receive an email from the department allowing you to sign into the eCAF system. Once you sign-in, you will need to verify the pre-populated information and complete the mandatory fields. You can then submit the eCAF, which will cause the system to email you a copy of your completed form. You should keep this form for your records.

In exceptional circumstances, you may be permitted to use a paper loan request form or other electronic Commonwealth Assistance Form developed by your provider. Your provider will advise you how to apply using these forms.

If you do not complete the eCAF, or other permitted form, by the required date for your course, you will have to wait until the next part of your course/unit, next semester or trimester to request VET Student Loans for future study. Retrospective access to VET Student Loans is not allowed under any circumstances.

For more information, please refer to links below

VET Fee-Help/VET Student Loans Census Dates

VET Fee Help 2017 Tuition fees & Census Dates

VET Student Loans 2017 Census Dates (PDF 68Kb)

Course VET Student Loans Amount Out of Pocket
BSB50215 Diploma of Business $5,000  –
BSB50415 Diploma of Business Administration $5,000  –
BSB51415 Diploma of Project Management $5,000  $280
BSB51915 Diploma of Leadership and Management $5,000  $1,300
BSB61015 Advanced Diploma of Leadership and Management $5,000  –
BSB52015 Diploma of Conveyancing $5,000  $1,630
BSB61115 Advanced Diploma of Conveyancing $5,000  $2,330
BSB61215 Advanced Diploma of Program Management $5,000  –
CHC50113 Diploma of Early Childhood Education and Care $10,000  $2,089
CHC52015 Diploma of Community Services $8,688  –
FNS50215 Diploma of Accounting $5,000  $2,620
FNS50315 Diploma of Finance and Mortgage Broking Management $5,000  $4,000
FNS50615 Diploma of Financial Planning $5,000  $3,015
FNS60215 Advanced Diploma of Accounting $5,000  $5,300
ICT50415 Diploma of Information Technology Networking $8,775  –
SIT50416 Diploma of Hospitality Management $5,000  $4,500
TAE50216 Diploma of Training Design and Development $5,000  –

VET Fee-Help/VET Student Loans Polices & Procedures 2017