VET Student Loans is an Australian Government loan scheme to assist eligible students studying diploma level and above qualifications to pay their tuition fees. It cannot be used for other study-related costs such as accommodation or text books. VET Student Loans replaces VET FEE-HELP from 1 January 2017.
Under the VET Student Loans Act 2016, eligible students will be entitled for loans up to a capped amount. Providers may charge above the cap for a course, and if so students will be expected to pay the difference. As a result, through state-subsidised VET Student Loans arrangements, if the student and PQS are eligible, a loan may be available to the student. The loan may cover all or part of their contribution towards the cost of a diploma or advanced diploma qualification subsidised under the Higher Level Skills program.
The Queensland Government will pay the same level of subsidy for a qualification regardless of whether the student accesses the VET Student Loans program or not.
Accessing the VET Student Loans program
You may be eligible to access the VET Student Loans program to cover all or part of your contribution when accessing subsidised training for a diploma or advanced diploma.
In order to access the VET Student Loans program, you will need to ensure the training provider you enrol with is approved under the VET Student Loans program. VET Student Loans program approved training providers can help to organise the loan.
For more information on VET Student Loans, visit VET Student Loans.