VET FEE-HELP is an Australian Government loan scheme that assists eligible students to pay their tuition fees for higher- level vocational education and training (VET) courses at (at Diploma level and above) undertaken by approved providers under the Higher Education Support Act 2003 (HESA) to offer VET-FEE HELP loans to eligible students.
You may be eligible for a VET FEE-HELP loan if you:
Students can assess their eligibility by reading the VET FEE-HELP Information Student Booklet which is available via the StudyAssist website or on campus.
In addition to this students MUST have completed a Senior Secondary Certificate of Education OR they must complete the Language Literacy and Numeracy (LLN) testing to be eligible for a VET FEE-HELP loan. If the applicant cannot provide the certificate as evidence of completion of a year 12 secondary education, they must prove eligibility through the test – a letter from a secondary school delegate will not be accepted in replacement. Please refer to the Language, Literacy and Numeracy Policy – VET. The College can assist with an LLN assessment tool should the prospective student require it. Other qualifications will not be accepted to be eligible for a VET FEE-HELP loan, including:
If you are under 18 years of age you can still apply for a VET FEE-HELP loan however it is a legal requirement that your Request for a VET FEE-HELP loan form MUST also be co-signed by a parent or guardian (responsible parent). Exceptions are permitted in limited circumstances where a student under the age of 18 is receiving youth allowance (within the meaning of the Social Security Act 1991) on the basis that the person is independent (within the meaning of Part 2.11 of that Act). Students seeking this exemption will need to provide suitable evidence to the provider from Centrelink to this effect.
Please note that from 2017 onwards, the Australian government is proposing to cease operating the VET FEE-HELP loan scheme.
The current VET FEE-HELP scheme is proposed to run until 31 December 2016, after which point a new loan scheme, VET Student Loans, could replace it.
These changes could impact how you finance your studies, so it’s important that you review the government fact sheets here.
We will continue to update our website as we hear of further changes.
If you access a VET FEE-HELP loan, you will have a legal obligation to the Commonwealth to repay your loan.
There is a set maximum amount you can borrow through VET FEE-HELP (and FEE-HELP) over your lifetime. This is known as the FEE-HELP limit. In 2016 the FEE-HELP limit is $99,389 for most students and $124,238 for medicine, dentistry and veterinary science students (as defined in HESA). The FEE-HELP limit is indexed on 1 January each year.
Only previous study paid with a VET FEE-HELP (or FEE-HELP) loan will affect the amount of VET FEE-HELP you can borrow.
If you are a fee paying/fee for service student you will incur a 20 per cent loan fee. This is included in your VET FEE-HELP debt.
The VET FEE-HELP Information Student Booklet contains comprehensive information about this programme. You must read the booklet before applying for a VET FEE-HELP loan. You can also visit the StudyAssist website or call the student enquiry line on 1800 020 108 for more information.
As an approved VET provider, FIAFitnation must make publicly available its policies and procedures related to VET FEE-HELP and Statement of VET Tuition Assurance.
You can use the links below to access this information:
This page was last updated on: Thursday 27 October 2016
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