VET Student Loans

1. BSB50215 Diploma of Business
2. BSB52415 Diploma of Marketing and Communication
3. CHC50113 Diploma of Early Childhood Education and Care
4. SHB50115 Diploma of Beauty Therapy
5. SIT50416 Diploma of Hospitality Management (Commercial Cookery Stream)
6. SIT60316 Advanced Diploma of Hospitality Management (Commercial Cookery Stream)
7. SIT50416 Diploma of Hospitality Management (Patisserie Stream)
8. SIT60316 Advanced Diploma of Hospitality Management (Patisserie Stream)
9. SIT50416 Diploma of Hospitality Management (Hospitality Stream)
10. SIT60316 Advanced Diploma of Hospitality Management (Hospitality Stream)

VET Student Loans is a student income contingent loan scheme for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP) that assists eligible students to pay their VET tuition fees for:

1. Full fee paying courses at a Diploma and Advanced Diploma levels or above and;
2. Government Subsidised courses at a Diploma and Advanced Diploma levels or above

Interest is not charged on your VET Student Loans debt. However there is a loan fee of 20% that applies to full fee-paying students* undertaking VET Student Loans indexed annually by the Tax Office to maintain its real value.

The Australian Government pays the amount of your loan directly to Academia. You have to start repaying your HELP debt through the taxation system once your repayment income is above the compulsory repayment threshold, even if you are still studying. The compulsory repayment threshold is adjusted each year. The compulsory repayment threshold for the 2022-23 financial year is $48,361.

To be eligible for a VET Student Loan, you will need to refer to the VET Student Loans entry requirements for details. The procedure provides information on the following requirements:

1. Citizenship and residency requirements
2. Academic suitability requirements

If you wish to apply for a VET Student Loan, please indicate this on the application form, which is found in our application process page.