Explore your payment and fee choices, read about the VET scholar Loan system and look your eligibility

How exactly does it work?

The VET student education loans program permits eligible pupils to repay their tuition charges for just about any authorized diplomas or higher level diplomas (see Is a VET Student Loan designed for my program? ).

  • Repay your entire tuition charges (up in to the mortgage cap limit) as soon as your earnings reaches the repayment limit
  • Spend a number of your tuition costs upfront and repay the total amount whenever your earnings reaches the payment limit.

Your loan is paid back through the Australian income tax system once you reach the minimum income threshold for repayment. The minimum earnings threshold for repayment is placed because of the Commonwealth each year and it is posted on research help in the VET student education loans information booklet. There was a loan cost of 20% for complete fee-paying students. There's no loan fee for qualified pupils in certain NSW Government subsidised (Smart and Skilled) training places.

You should be conscious that the loan continues to be an individual financial obligation it may reduce your take-home (after tax) wage and your borrowing capacity until it is repaid, and. You may possibly need to seek separate economic advice before using.

To learn more concerning the costs for Government subsidised training places, please go to Smart and Skilled – rates, costs and subsidies. Centrelink benefits usually do not impact your eligibility or the loan quantity you have access to. Fee concessions are not designed for Diploma and above courses. Nonetheless, charge exemptions could be designed for qualified students in an intelligent and place that is skilled. Please speak to your campus/college for more information or make reference to costs information.

Am we eligible?

To meet the requirements, you must either:

  • Be a citizen that is australian or
  • Hold an eligible permanent visa that is humanitarian often live in Australia, or
  • Be a fresh Zealand citizen on Special Category Visa (SCV subclass 444) whom fulfills the term that is long demands. *

Holders of other permanent visas and temporary visas are NOT qualified to receive a VET Student Loan

  • Have taxation file quantity (TFN) or perhaps obtaining one. The non-public information on the ATO to your TFN, must match the non-public details you've got supplied to TAFE NSW, as an example your title and date of delivery (see Commonwealth TFN Student Fact Sheet)
  • Have actually an original pupil Identifier (USI)
  • Plan to undertake your program mainly in Australia
  • Meet with the educational suitability needs for the VET figuratively speaking Student Entry Procedure (PDF, 291KB) (that is, examined as academically suitable to try a top degree qualification that is vocational
  • Have Commonwealth advanced schooling Student Support Number (CHESSN)
  • Not have surpassed your daily life Commonwealth pupil loan limitation, which can be set each 12 months by the Commonwealth
  • Have actually browse the VET student education loans information booklet.
  • Have actually offered any requested paperwork to TAFE NSW and presented the electronic Commonwealth Assistance Form (eCAF) on line by the very first census time a minimum of two company times after enrolling (observe how do we use)
  • Conform to ongoing Commonwealth engagement and development demands to log in to finish their online student engagement type to ensure you are a genuine pupil, continuing to review while the progress in your program. You'll get these needs 2 or 3 times a depending on how long your course is year. You may be ineligible to continue accessing VET Student Loans to pay for the remainder of your course tuition fees if you do not complete the form and survey within the required time.


The life time loan restriction could be the total quantity you can incur in your daily life under any Commonwealth HELP education loan scheme – whether it's Higher Education FEE-HELP, VET FEE-HELP or even a VET Student Loan. Its indexed each in line with the Consumer Price Index (CPI) year. In 2019, the life time loan restriction is $104,440 for many pupils. Students can see their loan responsibilities by signing into myUniAssist in the learn Assist site. You will require your Commonwealth advanced schooling Student help quantity (CHESSN) to join.

What exactly is a Commonwealth advanced schooling Student help quantity (CHESSN)?

A CHESSN is assigned to all pupils if they first access a Commonwealth loan. Any Commonwealth education loan you are taking is recorded against your CHESSN. In the event that you currently have a CHESSN, please provide that number. Otherwise, TAFE NSW provides you with one throughout your application procedure.

New Zealand People

The residency needs for brand new Zealand residents on A category visa that is special are

  1. You first began staying in Australia at the least a decade before you apply for a loan, and at that point, had been a kid under 18 years old and didn't have a partner or de-facto partner; and
  2. You've experienced Australia for at the least eight associated with ten years instantly just before applying as well as minimum 1. 5 years of this final couple of years.

You will have to offer proof of your eligibility to TAFE NSW before asking for a VET Student Loan.

Is really a VET Student Loan readily available for my program?

VET student education loans are offered for full-time, part-time and online research.

View the TAFE NSW VET Education Loan Approved Course List. Your TAFE NSW college can provide you with also a range of available courses.

A student may borrow, other payment arrangements are available if course prices are above the maximum loan. You shall be advised of the once you enquire.

A VET Student Loan is an understanding between you and also the Commonwealth national.

To use for a VET scholar loan:

  • You need to satisfy all of the loan eligibility demands
  • If you're accepted into a program, TAFE NSW will advise the Commonwealth which you desire to make an application for a loan
  • The Commonwealth will email you a passkey to get into the electronic Commonwealth Assistance Form (eCAF) online
  • You need to offer your legitimate Tax File quantity (TFN), therefore contain it handy once you log in to the online kind. If you do not have TFN, you are able to use for the most part Australia Post outlets. A legitimate Tax File quantity implies that the important points you offer to TAFE NSW must match those held aided by the Australian Tax workplace. You will not be able to access a VET Student Loan for your tuition fees if you provide an invalid Tax File Number. Look at your details are proper by signing to your MyGov account ahead of trying to get financing.
  • Your loan application (eCAF) is split to your enrolment with TAFE NSW. The Commonwealth national calls for there is a two time cool down duration betwixt your enrolment and obtaining that loan.
  • The census day could be the day that is last speedy cash login can put on for a financial loan for the costs for the duration, so be sure you finish the job quickly.

As with every loan you are taking, you need to comprehend the conditions and terms before you will be making a dedication. You have to browse the VET Student Loan information available on learn Assist, the Department of Employment, techniques, Small Family & company web site for students and give consideration to searching for independent advice that is financial.

Through your study, you could again be contacted because of the Commonwealth to ensure your engagement and progression in your program and make sure you wish to continue to utilize your VET scholar Loan to cover your tuition costs when it comes to program. It's important which you advise TAFE NSW if all of your personal or details that are contact throughout your research. More info concerning the VET Student Loan progression and engagement procedure can be acquired in the Department of Employment, techniques, Small Family & company internet site. You will not be able to continue access to a VET Student Loan for your tuition fees if you do not complete the engagement and progression process.

Under 18

There are not any age limitations to try to get a VET Student Loan. For pupils who will be under 18, you need to finish among the requirements that are following

  • Your guardian or parent must sign the Commonwealth's parental permission kind for the loan. This might be available from your university or regarding the Department of Employment, techniques, Small Family & company internet site. You have to offer this kind to your university if your wanting to can put on for the loan. OR
  • If you should be getting Youth Allowance from the foundation you are separate, you need to offer your Centrelink Income Statement noting your separate evaluation.

Your moms and dad or guardian will never be in charge of making loan repayments and it'll maybe not impact their credit score.

Scholar entry procedure

All pupils wanting to make an application for a Commonwealth VET education loan must certanly be examined for scholastic suitability to try a level that is high certification. This really is targeted at ensuring there is the abilities and knowledge to achieve your program.

Academic evaluation is with in addition to your other entry needs for the course, or just about any other selection that is additional. Reference the VET figuratively speaking scholar Entry Procedure (PDF, 291KB).

To be evaluated as academically suitable, you must either:

  • Supply a copy of one's senior additional certification of training (that's been granted by the authority that is australian agency), or
  • Offer evidence of attainment of an Australian Qualification Framework certification at Certificate IV or above. You may possibly supply a transcript from your own provider that is previous a transcript through the nationwide USI create skills achieved from 2015) or proof of an approved Australian Government assessed offshore certification. Us know where and when you studied, or if it is a TAFE NSW qualification, let
  • Undertake an approved numeracy and literacy evaluation and start to become efficient at Exit degree 3 (working at degree 4) or above. Your university shall work with you through the procedure to attempt this evaluation if needed. There is absolutely no expense for you.

Credit transfer

You could be eligible for reduced fees if you have completed previous studies. You really need to allow TAFE NSW understand at the earliest opportunity when you have expertise in the location you might be learning and think you might be eligible for a RPL (Recognition of previous training). It is possible to talk about this together with your teacher before you enrol.

Finishing a level that is high with TAFE NSW provides a good path to numerous college levels. Learn more about getting credit where credit's due – TAFE to University.