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Find out about the VET Student Loan program

Using a VET Student Loan For Your Course

Some of our Diploma level courses have a VET Student Loan payment option available for eligible students. Please see the Course Webpage to check if this is available for your course.

Please note, that the federal government applies a one-off 20% loan fee to your loan amount if you are a full fee-paying or fee for service student. This loan fee does not apply towards your total FEE-HELP limit. You will not incur the loan fee if you are a student who is subsidised by a state or territory government.

See below for more information.

So what is a VET Student Loan?

VET Student Loans is an Australian Government loan program that is available to assist eligible students studying higher level vocational education and training (VET) qualifications to pay for their tuition fees.  Higher level VET qualifications are at the diploma level and above.

How do I know if I’m eligible?

You are eligible for a VET Student Loan if you:

  • Are 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); AND
  • Have a Unique Student Identification (USI) number or are otherwise exempt; AND
  • Meet course requirements as follows; AND
    • is specified on the Vet Student Loans (courses and loan caps) determination; and
    • delivered by an approved course provider; and
    • is a qualification of diploma, advanced diploma, graduate certificate or graduate diploma in the Australian Qualifications Framework.
  • Have not exceeded the VET Student Loan limit (see below); AND
  • You have been assessed as academically suited 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 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.
    • In addition, Australis College must reasonably believe you show competence in completing the course.

How do I apply?

To apply for a VET Student Loan, you will need to complete an online Electronic Commonwealth Assistance Form (eCAF) and will require your tax file number (TFN).

Before you sign and submit your form, you must read the VET Student Loan Student Information Booklet 2017. The form will ask you to provide your TFN. If you don’t have a TFN, you can give your provider a Certificate of application for a TFN. This certificate is available from the Australian Taxation Office (ATO)  after you have applied for a TFN. Contact the ATO on 13 28 61 for TFN information.

You must submit the signed and completed form to your provider by the census date or administrative date. If you do not submit your form on or before the census date, you will not be eligible for a VET Student Loan.

Click on link below to view the Australis College course fees and schedules:

Australis College Fees and Census Dates

How much can I borrow?

There is a set maximum amount you can borrow through VET Student Loan over your lifetime; this is the VET Student Loan limit. To view the latest VET Student Loan limit visit Study Assist.

How do I repay the loan?

Your HELP debt is repaid through the tax system once your repayment income is above the minimum repayment threshold for compulsory repayment, even if you are still studying. Your HELP debt is indexed each year in line with movements in the Consumer Price Index (CPI) to maintain its real value but is otherwise interest fee.

Visit the ATO website at for further information about HELP debt repayments.

Helpful Links & Documents

The VET Student Loan Student Information Booklet is designed to assist students in understanding VET Student Loans, and their rights and responsibilities when accessing a VET Student Loan.

VET Student Loan Student Information Booklet. Click here.

Fact Sheet from the Department of Education & Training site. Click here.

Follow our easy online application process.


Study now and pay later with a VET Student Loan

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