VET Student Loans
Subject to the passage of legislation, VET Student Loans will commence on 1 January 2017, replacing the current VET FEE‑HELP scheme, which ceased on 31 December 2016.
There are specific criteria students must meet to be eligible for a loan through VET Student Loans. Students must meet all of the criteria below:
- an Australian citizen; or
- hold a permanent humanitarian visa and usually reside in Australia; or
- be a qualifying New Zealand citizen.
You have a FEE-HELP balance of more than $0 and it is sufficient to cover the amount you wish to access.
You are enrolled in an approved course and the course is studied primarily at a campus in Australia.
You have been assessed as academically suited to undertake the approved course by:
- providing your Australian Senior Secondary 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
- successful completion of an approved Language, Literacy and Numeracy test at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy.
What do new students need to know?
A range of measures will be implemented from 1 January 2017 that will affect students hoping to access income contingent loans to pay for their course fees.
Eligible students will be entitled for loans up to a capped amount.
Providers may charge above this cap for a course, and if so, students will be expected to pay for the difference according to the provider’s billing period.
Please refer to the fee schedule for 2017 Course Fees and Loan Caps.
The census date is the last day you have to complete the electronic Commonwealth Assistance Form (eCAF) to access a VET Student loan or withdraw your enrolment without incurring the fees or a FEE-HELP debt. If you do not submit your form by the census date, you will not be eligible to access a FEE-HELP loan for that study period.
Census dates for 2017 are 15/03/2017, 09/06/2017, 08/09/2017 & 04/12/2017
Certain Diplomas, Advanced Diplomas, Graduate Certificates and Graduate Diplomas are eligible for VET Student Loans that are linked to industry needs and employment outcomes.
If you wish to access a loan to study a higher level VET course you will need to select one of these eligible courses.
A list of eligible courses can be found at VET Student Loans eligible course list, please contact TasTAFE to check which courses are currently being delivered.
Repaying the loan is required when your income reaches the repayment threshold. The threshold can be found at www.studyassist.gov.au. The maximum loan amount you can borrow from the Australian Government is $99,389 in 2016 for all HELP courses including higher education courses.
You will be required to demonstrate you are progressing throughout your course. From 1 July 2017, you will be required to log in online and acknowledge that you accept the loan you will receive for the course.
To withdraw from a unit or course without incurring a FEE-HELP debt, you need to complete withdrawal procedures by the census date. Students will be required to follow TasTAFE’s withdrawal procedures including signing and submitting TasTAFE’s withdrawal form on or before the Census Date associated with the unit/s of study.
For more information on the withdrawal process, please refer to the Diploma and Advanced Diploma Refund Policy.
Policies and Procedures
If you have any questions, concerns, or require more information regarding any element of VET Student Loans Department of Education and Training HELP Student Enquiry line on 1800 020 108 or email VETStudentLoans@education.gov.au
This page will be updated regularly as additional information becomes available.
TasTAFE is an approved VET Student Loans provider. TasTAFE is taken to meet the tuition assurance requirements as per Section 58 of the VET Student Loans Rules 2016. The current TasTAFE course assurance and fee assurance deeds of guarantee satisfy tuition assurance requirements to 30 June 2017. Fir more information please refer to TasTAFE Statement of VET Tuition Assurance.
What do current VET FEE-HELP students need to know?
For more information visit the VET FEE-HELP page.
A full summary of how these changes impact students who are currently deferring fees to VET FEE-Help is available on the Australian Government’s website.