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Find out about the VET Student Loan program

Using a VET Student Loan For Your Course

Australis College is a government approved Vet Student Loan provider, able to offer the VET Student Loan program to eligible students to assist them in paying for their course tuition fees upfront for some of our approved Diploma level courses. Please check the applicable course webpage to check if this option is available for the course you are interested in.

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.

The federal government applies a one-off 20% loan fee to your loan amount and results in a HELP debt to be repaid to the government through the taxation system once you reach the compulsory threshold, even if you are studying. The debt is incurred once you reach your census day for each part of your course.

See below for more information and/or contact our friendly course consultants on 1300 887 991.

How do I know if I’m eligible?

To apply for a VET Student Loan you must meet:

  • citizenship and residency criteria (be an Australian Citizen, qualifying New Zealand Citizen or permanent humanitarian visa holder who is usually resident in Australia. See tab below for further information)
  • the government’s academic suitability requirements (See tab below for further information)
  • be studying with an approved course provider
  • be studying an approved course
  • apply using the approved Electronic Commonwealth Assistance Form (eCAF)
  • confirm your commitment throughout the duration of your course to continue to access the loan.
  • have a fee balance more than zero ($0)
  • be eighteen (18) years of age or older unless you have a parental consent form signed by a responsible parent, or can satisfy being independent under the Social Security Act 1991, and can provide evidence on Centrelink Income Statement
  • meet TAX File number requirements
  • Have or obtain a Unique Student Identifier (USI)
  • Supply the required evidence/documentation to submit loan application
  • Submit the application form by the first census date, or no less than two (2) business days after enrolling.

Citizenship and Residency criteria

Click on the relevant tab above to determine if you can apply and the evidence requirements you will need to supply Australis College.

Please refer the relevant Tab below to check your eligibility.

Overview
Australian Citizen
Qualifying New Zealand Citizens
Permanent Humanitarian Visa Holders

 

VET Student Loan Academic Suitability Requirements

To be eligible to be considered for a VET Student Loan, all students enrolling into an approved VSL course must meet the Academic Suitability Requirements.

Students must provide evidence of one of the following documents:

  • Australian Senior Secondary Certificate of Education for Year 12 or
  • AQF level 4 Qualification and higher delivered in English

If the above cannot be provided then students must complete the Government Approved ACER Core Skills Profile for adults (CSPA) and successfully complete to an Exit level 3 or higher.

Australis College must also be satisfied that the student is able to successfully complete the course they are enrolling into and therefore reserves the right to decline a VET Student Loan application or request the student complete an internal Core Skills Assessment prior to enrolment.

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 www.ato.gov.au 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. Click here.

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

Australian Citizenship Evidence Requirements

An Australian citizen needs to meet the residency requirements for a VET Student Loan; they are only eligible if they are intending to complete the course primarily at an Australian campus. A student may be eligible for a VET Student Loan to pay for part of their course if they gain Australian citizenship during their enrolment.

If you are unable to provide the required evidence, you may be able to apply for a replacement citizenship certificate Form 119 or apply for your own citizenship evidence with the Department of Immigration and Border Protection. https://www.border.gov.au/

New Zealand Citizen Evidence Requirements

A New Zealand citizen is eligible if they hold a Special Category Visa (SCV) and:

  • has usually been resident in Australia for at least 10 years; and
  • was a dependent child aged under 18-years of age when he or she first was usually resident in Australia; and
  • has been in Australia for periods totalling 8 years during the previous 10 years; and
  • has been in Australian for periods totalling 18 months during the previous 2 years.

Further information about HELP eligibility criteria for New Zealand Special Category Visa Holders is available at www.education.gov.au/faqs-new-zealand-special-category-visa-holders.

Evidence of eligibility and residency requirements

  • Birth Certificate or NZ Passport stamped
  • Australian Driver’s License OR Australian Proof of Age Card
  • Concession or Australian student ID Card
  • Completed Tax file Number advice, notification of income tax assessment, certificate of application for a tax file number form from when applicant was a minor
  • Enrolment papers from when the applicant was a minor
  • Proof of SCV status
  • International Movements Record – via ‘1359 Request for International Movement Records’ from http://www.border.gov.au/forms/Documents/1359.pdf
  • VEVO Check conducted to search Visa status – NZ SCV subclass 444

Permanent Humanitarian Visa Holders Evidence Requirements

Evidence of eligibility and residency requirements:

  • Passport
  • Australian Drivers Licence
  • Concession Card (QLD issued)
  • Permanent Humanitarian Visa, VEVO Check www.border.gov.au/vevo
  • Immi Card

Follow our easy online application process.

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