What is VET FEE-HELP?
VET FEE-HELP is an Australian Government loan scheme that helps eligible students to pay their tuition fees for higher-level VET courses (at the diploma-level and above) undertaken at approved VET FEE-HELP providers. VET FEE-HELP loans are repaid through the Australian Taxation Office once your income reaches the minimum threshold for compulsory repayment. More information about VET FEE-HELP can be found at the Study Assist Website.
For the most up-to-date information on VET FEE-HELP, including Eligibility requirements please see further information at the bottom of this page, or visit the Study Assist website
VET FEE-HELP Handbook (This booklet must be read prior to the completion of the request for VET FEE-HELP Assistance).
VET FEE-HELP FAQs
VET FEE-HELP Approved Courses Available with Upskilled
The following courses are delivered/accredited by:
- Study Group (RTO 5806)
- TrainSmart (RTO 51771)
- Conwal Institute (RTO Code: 31190)
- Churchill Education (RTO Code: 31430)
- Open Training and Education Network (OTEN) (RTO Code: 90004)
- Australis College (RTO Code: 31518)
all of which are Nationally Recognised Training Organisations and approved to offer a range of approved VET FEE-HELP courses.
Are you eligible?
You are eligible for VET FEE-HELP if you:
- Are an Australian citizen, permanent humanitarian visa holder (resident in Australia for the duration of the unit), or a New Zealand Special Category Visa Holder who meets long-term residency requirement; AND
- Are a full fee-paying / fee for service student studying a diploma, advanced diploma, graduate certificate or graduate diploma level course at an approved VET FEE-HELP provider; OR
- Are a student subsidised by the Victorian or South Australian State Government studying a diploma or advanced diploma course; AND
- Have not exceeded the FEE-HELP limit (see below); AND
- Meet the tax file number (TFN) requirements: OR
- 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 (opens in a new window) after you have applied for a TFN; AND
- Submit the Request for VET FEE-HELP Assistance Form to your VET provider prior to the census date.e an Australian citizen; or humanitarian visa holder
- Are enrolled in an eligible course at an approved VET provider; AND
- Have read the VET FEE-HELP information booklet before you complete and submit your application
What is the VET FEE-HELP Limit?
There is a set maximum amount you can borrow through VET FEE-HELP (and FEE-HELP)over your lifetime. This is known as the FEE-HELP limit. In 2016, the FEE-HELP limit is $99,389. The FEE-HELP limit is indexed on 1 January each year.
Is there a loan fee?
If you are a fee paying/fee for service student you will incur a 20% loan fee. This is included in your VET FEE-HELP debt. Subsidised students accessing VET FEE-HELP do not pay the loan fee.
How do I repay the loan and is interest charged?
Your HELP debt is repaid through the tax system. In the 2016/17 income year, you will be required to make a compulsory repayment if your income is $54,869 or above. The debt is indexed each year to maintain its real value, but is otherwise interest free.
i. VET FEE-HELP assistance is a loan from the Commonwealth; ii. the loan will remain as a personal debt obligation until it is repaid to the Commonwealth; iii. the loan may affect (by reducing) the person’s take-home (after-tax) wage or salary until the debt is repaid, and may affect the borrowing capacity of the person until the debt is repaid to the Commonwealth; iv. the signed Request for Commonwealth Assistance form applies to a loan for the entire VET course of study, charged on a unit by unit basis, unless the student pays some of the tuition fees; v. census date(s) will apply to each of the VET units of study in which the person enrols, with the student taking out a loan for any tuition fees that remain unpaid at the end of each census date; vi. a student may cancel their enrolment by: A. withdrawing from each VET unit of study on or before the census date; and B. in accordance with the provider’s withdrawal policy; vii. withdrawal will result in the student: A. not incurring a VET FEE-HELP debt; and/or B. receiving a refund for any up-front tuition fee payments made on or before the census date; and viii. a student may wish to seek independent financial advice prior to applying for a VET FEE-HELP loan.
VET FEE-HELP Partners