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VET Student Loans

Australian Students
(Melbourne and Brisbane Campuses)

Whether you are eligible to receive subsidised training under your State’s funding initiative or are paying your fees in full, you may be eligible for VET Student Loans scheme

What is VET Student Loans?

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.

* Victorian students receiving funding under Skills First are exempt from this fee

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 2018-2019 income year $51,957.

Am I eligible for VET Student Loans?

To be eligible for a Vet Student Loan, any one of the following conditions is required (a, b or c and d):

  1. A Senior Secondary Certificate of Education issued at the completion of year 12; or
  2. Successful completion of an assessment of your reading and numeracy skills at ACSF level 3 (organised by Academia); or
  3. You have a qualification at Certificate 4 or higher that was delivered in English; and
  4. Academia is satisfied that you are academically suited for the course seeking enrolment

How do I apply?

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.

Australian Students - Application Process

Useful Documents and Links

Academia Policies and Procedures for prospective and current students eligible for VET Student Loans

VET Student Loans information for Students applying for VET Student Loans Complaints and Appeals Process Personal information procedures Student Review Procedures for Re-crediting a FEE-HELP Balance VET Student Loans, VSL - Statement of tuition assurance Submitting eCAF, prior to the first census day Completing the VET Student Loans engagement and progression form

Where can I find more information about VET Student Loans?

Refer to Helpful Resources for information, FAQs, Videos, legislations, publications, helpful links and contact information regarding Government HELP loan programs.

Study Assist website
Helpful Resources