VET FEE-HELP 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.
Under the Higher Education Support Act 2003, a student must be able to defer their entire contribution through VET FEE-HELP, but may elect to pay a proportion up front and defer the remainder. As a result, through state subsidised VET FEE-HELP arrangements, if the student and PQS are eligible, a loan may be available to the student to cover all or part of their contribution towards the cost of a diploma or advanced diploma level 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 a VET FEE-HELP loan or not.
To offer VET FEE-HELP loans to students, the PQS must also be approved as a VET FEE-HELP provider by the Australian Government. For information about the application and approval process for VET FEE-HELP, and the terms and conditions of the scheme, see the Australian Government website.
Accessing VET FEE-HELP
You may be eligible to access VET FEE-HELP to cover all or part of your contribution when accessing subsidised training for a diploma, advanced diploma, or selected certificate IV level qualifications as listed below:
- Certificate IV in Aged Care
- Certificate IV in Disability
- Certificate IV in Building and Construction (Building)
- Certificate IV in Engineering
- Certificate IV in Small Business Management.
In order to access a VET FEE-HELP loan, you will need to ensure the training provider you enrol with is VET FEE-HELP approved. VET FEE-HELP approved training providers can help to organise the loan.
For more information on VET FEE-HELP, visit the Study Assist website.