VET Student Loans is a government loan available to help eligible students pay their tuition fees. The loan is issued by the Australian Government to make higher education more accessible, by removing the burden of upfront tuition fees.
VET Student Loans allows you to study now and pay later when you’re earning sufficient income to do so. The VET Student Loans program replaces the old VET FEE-HELP for new students commencing a course after 1 Jan 2017.

You are eligible for VET Student Loans if:

  • You are an Australian citizen or
  • A permanent humanitarian visa holder who resides in Australia for the duration of the unit of study for which you are seeking a VET Student Loan or
  • A New Zealand Citizens who meets the minimum long-term residency requirements
  • You are a full fee-paying student, enrolled in an approved VET Student Loans course through an approved VET provider such as Strategix, and remain enrolled in the unit at the end of the census date
  • You have a USI or are otherwise exempt
  • You have a tax file number
  • You have met the minimum entry requirements by:
    • Providing a copy of your Australian Year 12 Completion Certificate or
    • Providing evidence of successful completion of an Australian Qualifications Framework Certificate IV or higher level qualification or
    • Complete a Language, Literacy and Numeracy assessment and achieve a minimum exit level 3 in Reading and Numeracy. The LLN is determined by the Department of Education but administered by Strategix after enrolment.

VET student loans will not be approved for students who do not meet eligibility requirements. For more information on VET Student Loans and eligibility view the fact sheets on the Department of Education and Training website

Loan Limit:

For 2017, the Fee-HELP limit is $100,879 for most students.

For more information on VET Student Loans read the information handbook published by the Department of Education and Training available by clicking here.

Loan Fee:

There are no interest charged on HELP debts. The HELP debt is, however, indexed each year. it increases annually to maintain its real value, adjusting in line with changes in the cost of living.

Although the loan does not incur any interest, a 20 per cent loan applies to full fee paying students. The loan fee does not count towards your FEE-HELP limit. A VET Student Loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.


How is a VET Student Loan repaid?  The Australian Government pays the amount of the loan direct to a student’s provider for tuition fees.  Students make repayments on their loans through the Australian Taxation System for each financial year they earn over the threshold. The threshold changes each year. For the 2016-17 financial year the threshold is $54,869. The amount you repay each year is calculated as a percentage of your repayment income. It increases and decreases with your income. The repayments range from a minimum of 4% to a maximum of 8% per annum of your income. For years in which you earn under the repayment threshold there are no mandatory repayments.

For example: If your loan is $5,000, and you earn $55,000 in the financial year, you will make a repayment equal to 4% of $55,000. This means you will make a total repayment of $2,200 leaving a balance of $2,800 which can be paid in subsequent years.  Students can also elect to make voluntary repayments to pay off their loan sooner. For more information read the fact sheets Department of Education and Training website

Applying for VET Student Loans:

The Australian Government has limited the courses and number of places for eligible to receive VET Student Loans in 2017. If you find a course that suits your career goals we would encourage you to contact us and take advantage of VET Student Loans whilst they’re still available. If you have any further questions or need some additional help please don’t hesitate to contact us, and we will be happy to assist you.

The below table shows courses with VET Student Loan places and additional payment methods.

Code Qualification VET Student Loan Payment Options
BSB51915 Diploma of Leadership & Management Yes Direct Debit Payment Plan, Upfront Payment
BSB50215 Diploma of Business Yes Direct Debit Payment Plan, Upfront Payment
BSB51315 Diploma of Work Health & Safety Yes Direct Debit Payment Plan, Upfront Payment
CHC50413 Diploma of Youth Work Yes Direct Debit Payment Plan, Upfront Payment
CHC52015 Diploma of Community Services Yes Direct Debit Payment Plan, Upfront Payment
CHC50113 Diploma of Early Childhood Education & Care Yes Direct Debit Payment Plan, Upfront Payment
CHC51015 Diploma of Counselling Yes Direct Debit Payment Plan, Upfront Payment

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