VET FEE-HELP

Durack Institute of Technology is an authorised VET provider approved to offer VET FEEā€‘HELP to eligible students.

VET FEE-HELP    

  • is an Australian Government loan scheme
  • is available to assist eligible students studying VET Diploma and above qualifications to pay their tuition fees
  • can be used to pay all or part of an eligible student's tuition fees
  • cannot be used for additional study costs such as ID cards, accommodation, text books or other incidental fees
  • loans for full fee paying students have a 20% loan fee applied.

Eligible students can defer payment of all or part of their fees by applying for a loan. This is an alternative to you paying course fees in full when commencing your course.

You will start repaying the loan through the taxation system when your income exceeds a set level. This level changes each year.

Full  details on the scheme including eligibility requirements and application information are available on the Australian Government's Study Assist website or you can read the 2016 VET FEE-HELP Information Booklet.

Changes in 2016

The Australian Government has proposed a number of changes affecting the scheme that include tightening the eligibility requirements and providing better protection for students taking out loans. To learn more about these important changes, please read the fact-sheet.

In addition, the Government has placed caps on the provider loan value that can be offered and this has been based on the loan value lent in 2015. Therefore, priorities for access to the loan scheme in 2016 may need to be applied.

How to Apply for a VET FEE-HELP Loan

1. Read the VET FEE-HELP information booklet provided at your initial interview at enrolment

2. Complete the VET FEE-HELP eligibility checklist and application form. However,

  • the application cannot be lodged until two full business days after enrolment, AND  

  • your enrolment must occur at least fourteen days before census date.

3. Lodge your VET FEE-HELP application form and eligibility checklist

  • Provide originals of the required documents and other information.  These will be copied and returned to you. Your application cannot be processed until all required documentation is received by us.

Note: You will only need to fill in one loan application per course.  Units can be added to your loan every time you enrol in new ones.

Note for Diploma Students Only: If a literacy and numeracy assessment is required you will be advised at your initial interview. Appointments for any required testing using the approved tool, Core Skills Profile for Adults (CSPA)  will be made on enrolment days. Find out more about the literacy and numeracy assessment.

If you need assistance with your application contact the VET FEE-HELP Officer at the Geraldton Campus on (08) 9956 2711.

What Happens After You Apply

Once your application has been submitted and approved, you will be provided with an Invoice Notice 14 days before your first census date. This advises you of your approaching census date/s and debt amount/s should you choose to continue your course after the census date.

A Commonwealth Assistance Notice (CAN) will be issued within 28 days of the census date for each unit.The CAN is the official  summary of your loan details, including:

  • a list of units where the census date has passed and loan finalised for those units
  • fees for each of these units
  • the total  loan amount you have incurred up to that census date and
  • if applicable, the 20% loan fee charged by the Australian Government

 Trial Certificate IV Courses

For a trial period until 31 December 2016, the following selected Certificate IV qualifications available at Durack Institute will also be eligible for VET FEE-HELP.

  • Certificate IV in Aged Care
  • Certificate IV in Community Services Work
  • Certificate IV in Youth Work
  • Certificate IV in Education Support

 Units in the above courses are required to be completed by 31 December 2016 to be eligible for VET FEE-HELP.

Further information on this trial can be found on the Study Assist website.

FT - Full time

PT - Part time

FLX - Flexible

RPL - Recognition of prior learning

ONL - Online

OPL - Open learning

PRE - Preapprenticeship

APP - Apprenticeship

TRN - Traineeship

WPA - Workplace assessment