VET Student Loans:
STUDY NOW!
What is a VET Student Loan?
The VET Student Loan scheme commenced on the 1st of Jan 2017, replacing the VET FEE-HELP loan scheme which ceased on the 31st December 2016 for new students.
VET Student Loans are a government loan scheme for Vocational Education and Training which assists eligible students undertaking certain courses to pay for all or part of their tuition fees. The loan allows students to study now and pay later by deferring loan repayments until your annual income is above the minimum repayment threshold
Compulsory Repayment Thresholds
Income Year | Threshold Repayment |
---|---|
2016 - 2017 | $54,869 |
2017 - 2018 | $55,874 |
2018 - 2019 | $51,957 |
2019 - 2020 | $45,881. |
Your employer may be required to withhold repayments from your take home take-home (after-tax) pay until your debt is repayed. The debt remains a personal debt obligation until it is repaid to the Commonwealth and may affect the borrowing capacity of the student until the debt is repaid.
VET Student Loans are only available for specific courses as listed in the VET Student Loans (Courses and Loan Caps) Determination 2016, to set loan cap amounts. Please see below for information on the qualifications that we offer that we are approved to offer a VET Student Loan for.
VET Student Loan Cap Amounts for Approved Courses
Course | Loan Cap |
Diploma of Screen and Media (Specialist Makeup) | $15,514 |
Diploma of Screen and Media (Specialist Makeup) - Part Time | $15,514 |
Diploma of Beauty Therapy | $10,342 |
Diploma of Interior Design and Decoration | $10,342 |
Advanced Diploma of Interior Design | $10,342 |
Diploma of Applied Fashion Design and Merchandising | $15,514 |
Diploma of Photography and Photo Imaging | $10,342 |
Diploma of Visual Arts | $10,342 |
In many cases there may be a difference between the loan cap and the course tuition fees. Students are required to pay the difference between the loan cap and the tuition fees directly to the provider.
Eligibility for a VET Student Loan
To obtain a VET Student Loan you must be enrolled in an eligible unit of study on or at least 2 days before the census date (having submitted your Request for VET FEE-HELP Assistance Form) and:
- Meet the specific course entry requirements
- Provide evidence of successful completion of your Senior Secondary Certificate OR a Certificate IV level qualification (completed in English) OR complete an assessment in reading and numeracy to level 3 or above.
- Meet the tax file number requirements,
- Have not exceeded the FEE-HELP limit,
- Are either an Australian Citizen, Permanent Humanitarian Visa Holder (who will be a resident in Australia for the duration of your study) OR you are a New Zealand Citizen meeting the specific criteria listed below.
New Zealand Citizen Eligibility Requirements:
New Zealand citizens are eligible for VET Student Loans in limited circumstances, where they have been long-term residents of Australia since childhood meeting the following requirements:
- a New Zealand citizen that first entered Australia as a dependent minor aged under 18 years of age, at least 10 years before applying for VET FEE-HELP,
- Have lived (and been physically present) in Australia for at least 8 of the previous 10 years at the time of application,
- Have been physically present in Australia for at least 18 months out of the last 2 years at the time of application,
- Meet the tax file number requirements, and
- Have not exceeded the FEE-HELP limit;
Important Points to Note:
- You may choose to pay some or all of the tuition fees directly to the institute and/or request a VET Student Loan for all or part of the tuition fees (up to the maximum course loan cap amount).
- Census dates apply to each of the VET Units of Study within the course, this is the date that you will incur debt for any unpaid tuition fees and is the last date to withdraw from a unit without incurring a debt or academic penalty.
- Students may borrow up to the FEE-HELP limit, For 2018, the FEE‑HELP limit is $102,392 for most students. For 2019, the new combined HELP loan limit will be $104,440 for most students.
- A 20% loan fee applies to all VET Student Loans except in special circumstances such as the coure being subsidised. This loan fee is included in your debt, although this fee does not affect your FEE-HELP loan limit.
- You can make voluntary repayments to reduce your HELP debt at any time and for any amount. Making voluntary payments will reduce your debt immediately and can attract a bonus.
- No interest is charged to your FEE-HELP debt, however, your debt is indexed annually by movements in the Consumer Price Index (CPI) to maintain it's current value.
- You will require a Tax File Number (TFN) to apply for a VET Student Loan - if you do not have a Tax File Number you can request one from the Australian Taxation Office.
- Having a FEE-HELP debt may reduce your take-home after-tax wage/salary until the debt is repaid as employers may be required to withhold amounts from your pay to put towards your compulsory repayments.
- Having a FEE-HELP debt may affect your borrowing capacity until the debt is repaid to the Commonwealth.
- Students accessing a VET Student Loan will be required to log in to a government website throughout your studies to notify the governement of your continued participation in your study in order to continue recieving the VET Student Loan throughout the course.
- You may wish to seek independent financial advice before applying for a VET Student Loan and/or look into alternative course financing options.
Policies Relating to VET Student Loans
- Student Entry Requirements - Fair and Equal Treatment Policy and Procedure
- Re-Crediting a FEE-HELP Balance
- Statement of VET Tutition Assurance
- Academic & Non-Academic Grievance Policy and Procedures
- Collection and Verification of Student Information Policy and Procedure
- Personal Information Policy
- Ceasing to Provide a Course (Tuition Assurance) Policy and Procedure
- Fees Other Than Tuition Fees
- Withdrawal From Study Policy and Procedure
Schedule of VET Tuition Fees for Approved Courses
Below you will find the Tuition Fee Schedules for our VET Student Loan approved courses, detailing the dates and prices of study modules within each of the courses.
Diploma of Screen and Media
Diploma of Screen and Media
- February Intake 2017
- March Intake 2017
- March Intake 2017 (Part Time)
- April Intake 2017
- June Intake 2017
- July Intake 2017
- August Intake 2017
- September Intake 2017
- October Intake 2017
- February Intake 2018
- March Intake 2018 (Part Time)
- July Intake 2018
- February Intake 2019
- March Intake 2019
- May Intake 2019
- July Intake 2019
Diploma of Applied Fashion Design and Merchandising
Diploma of Applied Fashion Design and Merchandising
Diploma of Interior Design and Decoration
Diploma of Interior Design and Decoration
Diploma of Beauty Therapy
Diploma of Beauty Therapy
Diploma of Photography and Photo Imaging
Diploma of Photography and Photo Imaging
Diploma of Visual Arts
Diploma of Visual Arts
Advanced Diploma of Interior Design
Advanced Diploma of Interior Design
What is VET FEE-HELP?
VET FEE-HELP is a government loan scheme which assists eligible students undertaking certain courses to pay for all or part of their tuition fees. VET FEE-HELP was replaced by the VET Student Loans scheme in 2017.
Diploma of Screen & Media: (SPECIALIST MAKE-UP SERVICES) - March Intake 2016 Gold Coast (Transitioned)
- Diploma of Screen and Media (Specialist Make-Up Services)19th Feb 19
- Certificate II in Applied Fashion Design & Technology21st Feb 19
- Eyelash Extensions24th Feb 19
- Hair Styling27th Feb 19
- Watercolour Workshop27th Feb 19
- Ink Workshop28th Feb 19
- Textile Design2nd Mar 19
- Diploma of Visual Arts (Textile, Print & Surface Design)4th Mar 19
- Diploma of Interior Design and Decoration4th Mar 19
- Diploma of Beauty Therapy4th Mar 19
- Diploma of Screen and Media (Specialist Make-Up Services)4th Mar 19
- Hair Styling5th Mar 19
- Spray Tanning10th Mar 19
- Art Fun!12th Mar 19
- Handbag Design Intensive (2 Days)16th Mar 19
- Eyelash Extensions17th Mar 19
- Spray Tanning17th Mar 19
- Certificate III in Design Fundamentals (Graphic Design) - Part Time18th Mar 19
- Certificate III in Visual Arts (Textile, Print & Surface Design) - Part Time18th Mar 19
- Certificate III in Design Fundamentals (Interior Decoration) - Part Time18th Mar 19
- Certificate III in Beauty Services18th Mar 19
- Certificate III in Beauty Services - Part Time18th Mar 19
- Certificate III in Make Up (Part Time)18th Mar 19
- Certificate III in Make Up (Part Time - Evening)18th Mar 19
- Beginner Sewing Lessons18th Mar 19
- Certificate II in Retail Cosmetics18th Mar 19
- Certificate III in Applied Fashion Design and Technology Clothing Technician18th Mar 19
- Certificate III in Design Fundamentals (Fashion Design) - Part Time18th Mar 19
- Beginner Sewing Lessons19th Mar 19
- Pattern Making20th Mar 19
- Introduction to Fashion Illustration23rd Mar 19
- Eyelash Extensions24th Mar 19
- Diploma of Photography and Photo Imaging25th Mar 19
- Diploma of Applied Fashion Design and Merchandising25th Mar 19
- Diploma of Screen and Media (Specialist Make-Up Services)25th Mar 19
- Eyelash Extensions Accredited Course26th Mar 19
- Beautiful Women Mixed Media Portraits30th Mar 19
- Airbrush Makeup30th Mar 19
- Fluid Resin Art31st Mar 19
- Airbrush Makeup6th Apr 19
- Hair for You8th Apr 19
- Make-Up for You9th Apr 19
- Special Effects Makeup10th Apr 19
- Make-Up Through the Ages11th Apr 19
- Intermediate Sewing Classes15th Apr 19
- Intermediate Sewing Classes16th Apr 19
- Swimwear Design17th Apr 19
- Swimwear Design18th Apr 19
- Fashion Buying20th Apr 19
- Eyelash Extensions21st Apr 19
- Footwear Design27th Apr 19
- Eyelash Extensions28th Apr 19
- Canvas!4th May 19
- Brazilian Waxing5th May 19
- Diploma of Screen and Media (Specialist Make-Up Services)7th May 19
- Diploma of Styling (Fashion, Image & Media)7th May 19
- Textile Design11th May 19
- Brazilian Waxing12th May 19
- Spray Tanning12th May 19
- Eyelash Extensions19th May 19
- Abstract Painting19th May 19
- Fashion Illustration8th Jun 19
- Eyelash Extensions23rd Jun 19
- Eyelash Extensions30th Jun 19
- Diploma of Applied Fashion Design and Merchandising15th Jul 19
- Diploma of Interior Design and Decoration15th Jul 19
- Diploma of Beauty Therapy15th Jul 19
- Diploma of Photography and Photo Imaging15th Jul 19
- Diploma of Visual Arts (Textile, Print & Surface Design)15th Jul 19
- Diploma of Styling (Fashion, Image & Media)15th Jul 19
- Diploma of Screen and Media (Specialist Make-Up Services)15th Jul 19
- Advanced Diploma of Interior Design16th Jul 19
- Certificate III in Beauty Services23rd Jul 19
- Flat Plate Moulds Workshop21st Sep 19
- Abstract Painting21st Sep 19
- Halloween Make-Up Workshop28th Sep 19
- Flat Plate Moulds Workshop12th Oct 19
- Halloween Make-Up Workshop19th Oct 19