Student Eligibility Criteria
To be eligible for a place in a government subsidised course you must be:
- An Australian citizen, permanent resident/ humanitarian visa holder or New Zealand citizen
- Aged 15 years or older
- No longer at school
- Living or working in NSW
For more information please read the Smart and Skilled Eligibility
- BSBLDR501 Develop and use emotional intelligence
- BSBMGT517 Manage operational plan
- BSBLDR502 Lead and manage effective workplace relationships
- BSBWOR502 Lead and manage team effectiveness
- BSBCUS501 Manage quality customer service
- BSBMGT502 Manage people performance
- BSBMGT516 Facilitate continuous improvement
- BSBRSK501 Manage risk
- BSBWHS501 Ensure a safe workplace
- BSBWOR501 Manage personal work priorities and professional development
- BSBADM502 Manage meetings
- BSBPMG522 Undertake project work
Smart and Skilled Website
How does a VET Student Loan work?
If you are eligible, you can access a VET Student Loan up to a certain amount (called a cap) for a range of programs.
SITS receives your covered tuition fees from the Australian Government and you repay your loan through the Australian tax system. When your income reaches the repayment threshold, you start making repayments until you have repaid the whole loan amount.
A VET Student Loan is only for tuition fees, and doesn’t cover additional study costs such as your text books, materials and accommodation.
How does a VET Student Loan work?
Processes & Procedures – VET Student Loans
Step into Training Services has in place the relevant processes and procedures in accordance with the VET Student Loans Rules. For ease of reading for students these have been provided in the VET Student Loans Information, including:
- Study Entry Requirements & Course Enrolment
- VET Student Loans Information Requirements
- Tuition Fees, Census Dates & Administrative Charges
- Loan Amount
- Withdrawal from Courses
- Cancellation of Enrolment
- Re-crediting FEE-HELP balances
- Tuition Assurance
- Dealing with Complaints & Students Seeking Review
- Handling Information
Am I eligible for a VET Student Loan?
To be eligible for a VET Student Loan you must meet the following criteria:
- You must be
- an Australian citizen, or
- a New Zealand Special Category Visa (SCV) holder who meets the long-term residency requirements, or a permanent humanitarian visa holder.
- Not exceeded the FEE HELP limit.
- Enrolled with an approved course provider in an approved course.
- Studying the approved course primarily at a campus in Australia.
- Meet the Tax File Number (TFN) requirements.
- Have a Unique Student Identifier (USI) or are otherwise exempt.
- Have read the 2017 VET Student Loans information booklet.
- Provided the required documents to SITS and submitted the loan application form by the first census day which is no less than two business days after enrolling.
Are you ready to start studying?
Before you can access a VET Student Loan, SITS will assess whether you are academically suited to undertake the approved course on the basis of either:
- Providing your Australian Year 12 Certificate; OR
- Providing evidence of successful completion of an Australian Qualifications Framework certificate IV or higher qualification (where the language of instruction is English), or
- Displaying competence at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy through an approved Language, Literacy and Numeracy test.
In addition, SITS must reasonably believe you will be able to successfully complete the course.
What is a Census Date?
The census day is a very important date for you to know about!
The census day for a course, or a part of a course, is the last day you can:
- Complete the eCAF to apply for a VET Student Loan for your course, or
- Withdraw your enrolment without incurring a debt for the course or part of the course.
- Every part of a course (unit or subject) has its own census day, so that you incur debts as you progress through your course, not for the whole course at the beginning. Every course has 3 census days spread reasonably evenly throughout your course. The census dates are published for every course on the website for your reference.
- If you are unsure of your census days, check the website or contact us directly to confirm the census day for each unit of study, you enrol in and whether withdrawal is limited to your provider’s business hours.
How much can I borrow?
You can borrow up to the FEE-HELP limit to pay your tuition fees. The FEE-HELP limit is the total amount available to you under VET Student Loans, VET FEE-HELP and FEE-HELP over your lifetime. Any amount you borrow under VET Student Loans, VET FEE-HELP or FEE-HELP will be added together until you reach the FEE-HELP limit.
For 2017, the FEE-HELP limit is $100,879 for most students.
The FEE-HELP limit is a lifetime limit and is not reset or ‘topped up’ by any repayments that you make.
How do I apply for a VET Student Loan?
- To apply for a VET Student Loan, you must complete the Intention to apply request form. One requirement to be eligible for a VET Student Loan is to have either:
- Completed Yr 12
- Have a qualification at Certificate IV or above
- If you don’t have either, don’t worry, you will need to complete a language, literacy and numeracy quiz.
- Request for a VET Student Loan eCAF by the census day.
- You enrol with using the online application form
- Once enrolled there is a 2 day “Cooling Off” period, where you may seek information and external advice regarding a VET Student loan.
SITS will then give the department your enrolment information, including the nearest applicable census day, through the electronic Commonwealth Assistance Form (eCAF) system.
You will then receive an email with Log in details and password allowing you to sign into the eCAF system.
Once you sign-in, you will need to verify the pre-populated information and complete the mandatory fields. You can then submit the eCAF, which will cause the system to email you a copy of your completed form. You should keep this form for your records.
If you do not complete the eCAF, or other permitted form, by the required date for your course, you will have to wait until the next part of your course /unit, next semester or trimester to request a VET Student Loan for future study. Retrospective access to VET Student Loans is not allowed under any circumstances
Is there a loan fee?
Yes, for most students. A 20 per cent loan fee applies to VET Student Loans for full fee paying / fee for service students. The loan fee does not count towards your FEE-HELP limit.
You do not pay the loan fee if you are a student who is subsidised by a state or territory government.
When do I start paying back my loan?
Your VET Student Loans debt forms part of your accumulated HELP debt. You must start repaying your HELP debt through the tax system once your income is above the compulsory repayment threshold, even if you are still studying.
The threshold is adjusted each year and for the 2016–17 income year it is $54,869 or above.
Student Information Handbook: From 1 January 2017, VET Student Loans was introduced. All students must read this booklet when applying for a VET Student Loan.
VET FEE-HELP opt-in
From 1 January 2017 VET FEE HELP will cease and a new VET Student Loans program will commence. Students currently financing their studies through a VET FEE HELP loan will not be automatically transferred to the new VET Student Loans program.
Students currently financing their studies through a VET FEE-HELP loan will not be automatically transferred to the new VET Student Loans program.