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GOVERNMENT ASSISTANCE

VET FEE-HELP
VET FEE-HELP is a Commonwealth Government loan scheme that offers assistance to eligible students studying certain higher-level VET qualifications by enabling them to take out a loan through the Commonwealth Government to pay for all or part of their tuition fees.
VET FEE-HELP is available for eligible students who:

  • have not reached their FEE-HELP limit AND
  • are Australian Citizens, or permanent humanitarian visa holders 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
  • is a student subsidised by a state or territory government (other than ACT) studying a diploma or advanced diploma course; OR
  • a student subsidised by the Victorian, South Australian, Queensland, Western Australian and NSW Government studying a specified certificate IV course as part of the Certificate IV Trial AND
  • are enrolled with an approved provider in an eligible unit of study by the census date for that unit.

REPAYING YOUR HELP DEBT
There is no interest charged on a VET FEE-HELP loan, however the loan is indexed each year in accordance with the Higher Education Support Act 2003. In addition to tuition fees, the Government charges a loan fee of 20% which is added to the total debt. The loan fee does not count towards your FEE-HELP limit.

You won’t have to start paying back your loan until you start earning over the loan re-payment threshold, which is currently $54,126 for the 2015 – 2016 financial year. The debt you incur through VET FEE-HELP is a real debt and may affect your credit rating and borrowing capacity. You may wish to seek independent financial advice prior to applying for a VET FEE-HELP loan.

CENSUS DATE
A census date is the last day you can withdraw without incurring the cost or debt for that unit of study. Providers set their own census dates and will provide you with these details. You will receive an invoice prior to each census date.

FURTHER INFORMATION
You can find further information regarding VET FEE-HELP at the Study Assist website.

Prior to applying for a VET FEE-HELP loan, you MUST READ the current version of the VET FEE-HELP Information booklet.

FEE-HELP
FEE-HELP is a Commonwealth Government loan scheme that offers assistance to eligible students studying higher education qualifications by enabling them to take out a loan through the Commonwealth Government to pay for all or part of their tuition fees. FEE-HELP is part of a domestic fee paying course of study leading to a higher education aware (e.g. Bachelor, Graduate Diplomas, Doctor of Philosophy etc.).

FEE-HELP is available for eligible students who:

  • have not reached their FEE-HELP limit AND
  • are Australian Citizens, humanitarian visa holders or permanent visa holders undertaking bridging study for overseas-trained professionals (being a resident for the duration of the unit/study).

REPAYING YOUR HELP DEBT
There is no interest charged on a FEE-HELP loan, however the loan is indexed each year in accordance with the Higher Education Support Act 2003. In addition to tuition fees, the Government charges a loan fee of 25% which is added to the total debt. The loan fee does not count towards your FEE-HELP limit.

You won’t have to start paying back your loan until you start earning over the loan re-payment threshold, which is currently $54,126 for the 2015 – 2016 financial year. The debt you incur through FEE-HELP is a real debt and may affect your credit rating and borrowing capacity. You may wish to seek independent financial advice prior to applying for a FEE-HELP loan.

FURTHER INFORMATION
You can find further information regarding FEE-HELP at the Study Assist website.

Prior to applying for a VET FEE-HELP loan, you MUST READ the current version of the FEE-HELP Information booklet.

FEE-HELP BORROWING LIMIT
Students eligible for VET FEE-HELP and FEE-HELP can borrow up to the FEE-HELP limit. For 2016, the FEE‑HELP limit is $99,389 for most students. The FEE‑HELP limit is a lifetime limit and is not reset or ‘topped up’ by any repayments that you make. The FEE‑HELP limit is the total amount available to eligible students under both the FEE‑HELP and VET FEE‑HELP loan schemes. This means that any amount you borrow under either FEE‑HELP or VET FEE‑HELP will reduce your FEE‑HELP balance until you have reached the FEE‑HELP limit.

GOVERNMENT SUBSIDISED TRAINING
VTG
Victorian Training Guarantee (VTG) covers both certificate and Diploma level courses for eligible students who reside in Victoria, are an Australian Citizen, Permanent Resident (Permanent Visa Holder) or New Zealand Citizen and who are up-skilling by seeking to enrol in a course, which is a higher level than their existing qualification. VTG funding is a Victorian Government initiative – if you are eligible the Victorian Government will contribute to the cost of your training. You can find further information VTG at the Victorian State Government website.

To see if government funding and/or VET FEE-HELP or FEE-HELP is applicable for you, enquire today about any one of the courses offered by the education providers we partner with.

FULL FEE PAYING
Students also have the option to pay their fees themselves without utilising any loan scheme or funding.