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Current News
For registered training organisations/higher education providers:
The VET FEE-HELP IT System (VITS) is available for registered training organisations seeking approval as a VET provider. Organisations must meet specific requirements under Schedule 1A of the Higher Education Support Act 2003 to receive approval as a VET provider before their current and future students can access VET FEE-HELP assistance.
Approved VET providers will be required to provide data to DEEWR containing student demographic and enrolment information. Compliance with the reporting requirements is a condition of continued approval as a VET provider under HESA. The full list of the data requirements are now available.
For students:
VET FEE-HELP loans can only be accessed through approved VET providers. They will have the appropriate information and forms for students after they receive their approval. All approved VET providers are listed on this website. For further information, please view the students page.
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Information for:
Students and Parents
Registered training organisations
Higher education providers
Approved VET providers
The Australian Government is committed to increasing productivity, addressing skills shortages and assisting with the cost of studying by implementing a range of new measures over the next four years. One of these measures is the introduction of the VET FEE-HELP loan scheme.
What is VET FEE-HELP?
VET FEE-HELP assists eligible full fee-paying students undertaking certain VET courses of study (diploma, advanced diploma, graduate certificate and graduate diploma courses) with an approved VET provider, to pay for all or part of their tuition costs. Approved VET providers offering diploma or advanced diploma courses must have an approved credit transfer arrangement to a bachelor degree with a higher education provider.
VET FEE-HELP is an extension of FEE-HELP, part of the Higher Education Loan Program (HELP). In 2008, eligible students can borrow up to $81,600 (or $102,000 for medicine, dentistry and veterinary science courses that lead to registration as practitioners in those fields) over their lifetime. As with other HELP loans, there is a 20% loan fee that applies for all VET courses and the FEE-HELP limit does not include the loan fee. Students repay the loan to the Australian Government through the tax system once a student reaches the minimum income threshold level for repayment, which for 2008-09 is $41,594.