VET Student Loans

VET Student Loans is a Government supported loan program that provides eligible students with access to quality higher level VET qualifications, by enabling them to defer payment of their tuition fees when enrolling in approved higher level vocational education and training courses at approved course providers. South West TAFE is an approved course provider. Approved courses will be subject to maximum loan caps and students will be required to pay any fee over and above that cap.

Your access to a VET Student Loan is considered and approved by the Australian Government’s Department of Education and Training. Your debt is repaid through the tax system once you reach the minimum income threshold level of repayment. In the 2016-17 income year, you will be required to commence compulsory repayments if your income is $54,869 or above. If you earn below this threshold, then no repayments are made unless you elect to do so. The debt is indexed each year. Over your lifetime you may borrow a set maximum amount through VET Student Loans (and VET FEE-HELP), known as the FEE-HELP limit. In 2017, the FEE-HELP limit is $100,879 for most students and this limit is indexed in January each year.

VET Student Loans cannot be used to pay general service fees, consumable fees or bookshop fees associated with your course. You will need to make payment of these fees directly to us. Further information on VET Student Loans and approved course is available from the Department of Education and Training.

Are you eligible?
To be eligible for a VET Student Loan you must:
• be an Australian citizen; OR
• be a New Zealand Special Category Visa (SCV) holder who meets the long-term residency requirements; OR
• be a permanent humanitarian visa holder

AND
be assessed by South West TAFE as academically suited to undertake the approved course by either:
• providing your Australian Year 12 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
• displaying competence at exit level 3 in the Australian Core Skills Framework in both
reading and numeracy through an approved Language, Literacy and Numeracy test. South West TAFE must reasonably believe you show competence in completing the course. This will be determined through your pre-training review process.

AND
• Be studying an approved course
• Apply to the government using the eCAF (Electronic Commonwealth Assistance Form) application process
• Confirm your engagement and progression to continue to access the loan throughout your course.

  • How to apply
    To apply for a VET Student Loan you must:
    • Have been enrolled in an approved course, no less than two business days prior to submitting your eCAF application; AND
    • Read the 2017 VET Student Loans information booklet; AND
    • Meet the citizenship or residency requirements (as above); AND
    • Provide a Tax File Number; AND
    • Provide a unique Student Identifier (USI)
    AND
    • Complete and lodge a Request for VET Student Loan form prior to the census date for each unit.
  • Further information on how you can apply for a VET Student Loan is available at education.gov.au/vet-student-loans
    Census dates for each unit of study are predetermined and students will not incur VET Student Loan liability until after each census date. Institute census dates are specified on the South West TAFE website swtafe.vic.edu.au/students/
    fees-and-charges/vet-student-loans
  • For further information, read the VET Student Loan Information for 2017 booklet, call the VET Student Loan enquiry line on 1800 020 108 or contact us.

 

Further Information

2017 VET FEE-HELP & Student Loans Schedule of Fees

2017 VET FEE-HELP & VET Student Loans Census Dates

VET FEE HELP Student Entry Procedure

General Information - VET FEE HELP Student Entry Procedure

VET Fee Help Tuition Assurance Statement

VET FEE HELP Policy

VET FEE HELP Refund Procedure

 

Contact us


VET Student Loans

VET Student Loans is a Government supported loan program that provides eligible students with access to quality higher level VET qualifications, by enabling them to defer payment of their tuition fees when enrolling in approved higher level vocational education and training courses at approved course providers. South West TAFE is an approved course provider. Approved courses will be subject to maximum loan caps and students will be required to pay any fee over and above that cap.

Your access to a VET Student Loan is considered and approved by the Australian Government’s Department of Education and Training. Your debt is repaid through the tax system once you reach the minimum income threshold level of repayment. In the 2016-17 income year, you will be required to commence compulsory repayments if your income is $54,869 or above. If you earn below this threshold, then no repayments are made unless you elect to do so. The debt is indexed each year. Over your lifetime you may borrow a set maximum amount through VET Student Loans (and VET FEE-HELP), known as the FEE-HELP limit. In 2017, the FEE-HELP limit is $100,879 for most students and this limit is indexed in January each year.

VET Student Loans cannot be used to pay general service fees, consumable fees or bookshop fees associated with your course. You will need to make payment of these fees directly to us. Further information on VET Student Loans and approved course is available from the Department of Education and Training.

Are you eligible?
To be eligible for a VET Student Loan you must:
• be an Australian citizen; OR
• be a New Zealand Special Category Visa (SCV) holder who meets the long-term residency requirements; OR
• be a permanent humanitarian visa holder

AND
be assessed by South West TAFE as academically suited to undertake the approved course by either:
• providing your Australian Year 12 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
• displaying competence at exit level 3 in the Australian Core Skills Framework in both
reading and numeracy through an approved Language, Literacy and Numeracy test. South West TAFE must reasonably believe you show competence in completing the course. This will be determined through your pre-training review process.

AND
• Be studying an approved course
• Apply to the government using the eCAF (Electronic Commonwealth Assistance Form) application process
• Confirm your engagement and progression to continue to access the loan throughout your course.

  • How to apply
    To apply for a VET Student Loan you must:
    • Have been enrolled in an approved course, no less than two business days prior to submitting your eCAF application; AND
    • Read the 2017 VET Student Loans information booklet; AND
    • Meet the citizenship or residency requirements (as above); AND
    • Provide a Tax File Number; AND
    • Provide a unique Student Identifier (USI)
    AND
    • Complete and lodge a Request for VET Student Loan form prior to the census date for each unit.
  • Further information on how you can apply for a VET Student Loan is available at education.gov.au/vet-student-loans
    Census dates for each unit of study are predetermined and students will not incur VET Student Loan liability until after each census date. Institute census dates are specified on the South West TAFE website swtafe.vic.edu.au/students/
    fees-and-charges/vet-student-loans
  • For further information, read the VET Student Loan Information for 2017 booklet, call the VET Student Loan enquiry line on 1800 020 108 or contact us.

 

Further Information

2017 VET FEE-HELP & Student Loans Schedule of Fees

2017 VET FEE-HELP & VET Student Loans Census Dates

VET FEE HELP Student Entry Procedure

General Information - VET FEE HELP Student Entry Procedure

VET Fee Help Tuition Assurance Statement

VET FEE HELP Policy

VET FEE HELP Refund Procedure

 

Contact us