To be eligible to apply for VET FEE-HELP you must:
- be an Australian citizen or permanent humanitarian visa holder who will be a resident in Australia for the duration of the unit of study in which you are seeking VET FEE-HELP assistance
- provide a tax file number
- have not exceeded your FEE-HELP limit, which is $97,728 in 2015
- provide a Commonwealth Higher Education Student Support Number (CHESSN) or be allocated one
- have completed Year 12.
Decide which course you want to study – Check it appears on the list of the eligible courses for VET FEE-HELP. See above.
Apply for VET FEE-HELP – Contact a Course and Careers Advisor, fill out the application forms and start studying with no upfront fees. Choose whether to defer all or part of your fees for the first Unit of Study.
Enrol in the first Unit of Study – Get access to the learning material, study activities and assessments for the first part of the course. You can withdraw from the Unit of Study before the census date without penalty. Once the census date passes, you are liable for the tuition fees associated with that unit of study.
Start studying – Complete your learning activities in your own time.
Keep going! – Complete all the assessments in a Unit of Study before the end date and move onto the next one. You are required to re-enrol for each Unit of Study.
Graduate – Start putting your new qualification to good use!
You can enrol in a Unit of Study within a Diploma or Advanced Diploma with Open Colleges without paying any upfront fees. Choose to defer the whole fee amount or pay part of your fees and defer the rest.
Paying your loan back is hassle free: You will start paying back your VET FEE-HELP loan automatically through the tax system when you start earning over $54,126, which is the compulsory repayment threshold for 2015-16. If, further down the line, you earn less than that amount then your payments will stop until you start earning over the threshold again.
Although VET FEE-HELP means you can enrol in certain courses with Open Colleges without paying any upfront fees – it is a loan and must be paid back. Failure to do so could affect your future credit rating.
A 20% loan fee applies to all VET FEE-HELP loans, which is not included in the course fees or the FEE-HELP loan limit.
Courses eligible for VET FEE-HELP
Delivered by YourLife Health & Learning Inc t/a RDNS Training and Silver Chain Training (Provider number: 40049).