VET Student Loans (VSL)
VET Student Loans is a student loans scheme that replaced the VET FEE-HELP scheme. Student loans give you the choice of studying at William Angliss Institute now and paying your tuition fees later.
Under a VET Student Loan, the Australian Government pays your tuition fee on your behalf directly to William Angliss Institute. You repay that loan through the tax system when your income exceeds a repayment threshold determined by the Australian Government.
Information on this page is to be read in conjunction with the Australian Government's fact sheet, VET Student Loans – Information for Students.
To be eligible for a VET Student Loan you must:
- be enrolled in one of William Angliss Institute's diploma or advanced diploma courses that are approved for VSL (not all courses are approved for VSL - see below for the list of approved courses), and
- be an Australian citizen, Australian permanent humanitarian visa holder, or New Zealand Special Visa holder who meets the long-term residency requirements (Australian permanent residents are not eligible for VSL), and
- reside in Australia for the duration of your study, and
- not have exceeded your FEE-HELP limit (refer below), and
- have a valid Unique Student Identifier (USI), and
- have a Tax File Number issued by the Australian Taxation Office by the relevant unit of study census date
Note: If you are under 18 years of age you must also complete a VET Student Loans Parental Consent Form and have it signed by your parent or guardian. This is not necessary if you have been assessed by Centrelink for the independent rate of Youth Allowance - you will need to provide a Centrelink Income Statement as evidence of this.
To be eligible for a VET Student Loan, you must be assessed as being academically suitable to undertake your course. You can meet this requirement through one of the following ways:
- Provide a copy of your Senior Secondary Certificate of Education (Year 12 certificate) as awarded by an Australian State or Territory; OR
- Provide a copy of a Vocational Education Qualification certificate issued for completion of a Certificate IV qualification or higher and that was delivered in English; OR
- Complete the Language, Literacy and Numeracy (LLN) assessment and attain an Australian Core Skills Framework Exit Level 3 result or higher.
To remain eligible for the VSL scheme:
- your course must continue to remain on the approved list of VSL courses
- you must confirm your engagement and progression online when requested to by the government, otherwise, you may cease being eligible for a VSL.
If you do not meet the eligibility requirements you will not be able to access a VET Student Loan but you will still be able to study in your course if you meet the course entry requirements and pay your tuition and other applicable fees.
How much can I borrow?
For each VET Student Loan approved course, you can borrow up to the lesser of
- the Loan Cap the Department of Education and Training has set for that course, or
- the remaining unused balance under your FEE-HELP limit.
Your FEE-HELP limit is the maximum amount available to you under VET Student Loans, VET FEE-HELP and FEE-HELP over your lifetime. Any amounts you borrow will be added together until you reach the FEE-HELP limit. The FEE-HELP limit is a lifetime limit and is not reset or 'topped up' by any repayments that you make. For 2017, the FEE-HELP limit is $100,879 for most students.
No interest is charged on HELP debts, however, they are indexed each year, linked to the Consumer Price Index to maintain its real value.
List of William Angliss Institute courses approved for VET Student Loans
Government Subsidised Tuition Fee
Fee For Service Tuition Fee
VSL Loan Cap
|FDF0311||Diploma of Food Science and Technology||6,030||8,331||15,000|
|SIT50116||Diploma of Travel and Tourism Management||9,996||12,000||5,000|
|SIT50316||Diploma of Event Management||9,995||11,998||5,000|
|SIT50416||Diploma of Hospitality Management||9,996||11,991||5,000|
|SIT50416H||Diploma of Hospitality Management AIHS||16,995||18,597||5,000|
|SIT50416NW||Diploma of Hospitality Management (AccorHotels Group)||N/A||8,997||5,000|
|SIT60116||Advanced Diploma of Travel and Tourism Management||14,994||17,995||5,000|
|SIT60216||Advanced Diploma of Event Management||12,957||15,555||5,000|
|SIT60316||Advanced Diploma of Hospitality Management||14,987||17,990||5,000|
What is covered by VSL
VET Student Loans (VSL) can be used to cover tuition fees only. Other fees, e.g., student services fees, material fees, tours or excursions, are not covered.
For most courses, the VET Student Loans (VSL) cap will not fully cover the tuition fees for the entire approved course and you will be expected to pay upfront for any tuition fee above the loan cap for the course as well as any other non-tuition fees before you can commence study.
Refer to the VET Schedule of Tuition Fees for tuition fee for each unit of study of eligible courses and their applicable census dates.
- There is a loan fee for Full-Fee Paying/Fee For Service students calculated at 20% of the loan amount which is added to the loan balance. Students eligible for a Government Subsidised Place do not need to pay a loan fee. Check if you are eligible for a Government Subsidised Place via Victorian Training Guarantee.
- If the Department of Education and Training removes your course from the list of eligible courses, the remainder of tuition fees for the rest of your course will no longer be covered.
The Department of Education and Training sets a limit on the total amount of student loans allowed for each education provider and this limit may not cover all eligible student loans. Therefore, if you intend to apply for a student loan you should do so as soon as possible.
How to apply
If you intend to apply for a VET Student Loan, you must read the Australian Government’s fact sheet, VET Student Loans – Information for Students.
- Enrol in your course.
- Register your intent to access a VET Student Loan via an online form. Instructions will be emailed to you after you enrol.
- You will receive an email from the Australian Government with a passkey to log in to the government’s eCAF system to submit an electronic Commonwealth Assistance Form (eCAF)
- Note: If you are under 18 years of age you must separately provide to the William Angliss Institute Information Centre, a completed VET Student Loans Parental Consent Form which has been signed by your parent or guardian unless you can provide a Centrelink Income Statement as evidence of having been assessed by Centrelink to be eligible for the independent rate of Youth Allowance. Complete online and submit the eCAF before the census date for the subjects/units you wish the loan to cover.
Managing your loan
VET Student Loans fee notice/ VET Student Loans Statement of Covered Fees
Before each census date you will receive a VET Student Loans fee notice/VET Student Loans Statement of Covered Fees showing your contact details, student identification number, CHESSN, the tuition fees for each unit of study you have enrolled in, the amount that will be covered by the loan, the census date on which you will incur a HELP debt and if applicable, the loan fee.
You must check each detail on the notice carefully and advise the Information Centre if there are any errors before the census date.
Commonwealth Assistance Notice
After the census date for the units has passed, you will receive a Commonwealth Assistance Notice confirming the amount of HELP debt you have incurred and any amounts that you have already paid toward these tuition fees.
Withdrawing from your course or units of study
If you wish to change or withdraw from your course, or if you wish to withdraw from some units, you need to contact your course Program Leader to complete the relevant forms.
If you make these changes before the relevant census date of your units of study, the tuition fees will be cancelled and any relevant tuition fee amounts you have paid will be refunded.
If you make these changes after the census date, the tuition fees that have been added to your HELP debt under VET Student Loans cannot be cancelled and have to be repaid as normal. If there were special circumstances preventing you from acting before the census date, please read the relevant section in VET Student Loans – Information for Students (https://docs.education.gov.au/node/41951).
Checking your HELP records and balance
You can view your HELP debt records and balances online by one of the following methods as outlined by the Australian Government.
- Log in to myUniAssist. You will need your Commonwealth Higher Education Student Support Number (CHESSN) to log in. Your CHESSN is shown the Commonwealth Assistance Notice attached.
- Log in to the myGov website. To access this online service, please refer to the instructions on the ATO website.
- Call the ATO on 13 28 61. You will have to advise the ATO of your tax file number (TFN) before they will disclose any personal information to you.
If you require further information or assistance with accessing a VET Student Loan, please contact the relevant Centre for your course or
Building A, Ground Floor
555 La Trobe St
MELBOURNE VIC 3000
03 9606 2111