VET Student Loans
The Australian Government's VET FEE-HELP scheme will cease on 31 December 2016. It will be replaced by the VET Student Loans program which comes into effect on 1 January 2017. As with VET FEE-HELP, the new program will help students cover the cost of their fees and students only need to repay the loan when they reach a defined income level.
VET Student Loans are administered by the Australian Government, not the NSW State Government.
Under the VET Student Loans program, loans will only be available for qualifications on an approved course list.
The VET Student Loans program also sets caps on the maximum loans available. The loan caps are set for each eligible qualification and are based on field of education.
The approved course list and the loan cap for each of the eligible qualifications are available here.
If students enrol in a government-subsidised Diploma or Advanced Diploma under Smart and Skilled, and the course is on the VET Student Loans approved course list, they may be eligible to access a loan through the Australian Government administered VET Student Loans program.
Current continuing students accessing VET FEE-HELP can continue to receive VET FEE-HELP assistance until 31 December 2017.
Further information on the VET Student Loans program, including fact sheets for training providers on how to access VET Student Loans, is available on the Australian Government Department of Education and Training website.