VET Loans

What is VET Student Loans?

VET Student Loans is an income contingent loan program to assist eligible vocational education and training students to pay their tuition fees.

The VET Student Loans program commenced on 1 January 2017, replacing the VET FEE-HELP scheme, which ceased on 31 December 2016 for all new students. The VET Student Loans program is governed by the VET Student Loans Act 2016 and the VET Student Loans Rules 2016. The VET Student Loans (Charges) Act 2016 allows for the imposition of an annual approved course provider charge on providers.

The VET Students Loans program will give students, providers and the VET sector the opportunity to better meet industry needs and employment outcomes while ensuring only quality providers are delivering training under the program.

Accessing the VET Student Loans program

You may be eligible to access the VET Student Loans program to cover all or part of your contribution when accessing subsidised training for a diploma or advanced diploma. In order to access the VET Student Loans program, you will need to ensure the training provider you enrol with is approved under the VET Student Loans program. VET Student Loans program approved training providers can help to organise the loan. For more information on VET Student Loans, visit VET Student Loans.

How repayments are made: VET loans

Repayments are taken out of what you earn through the tax system. You won’t need to make repayments until you are earning more than $51,957 a year. This is called the repayment threshold. This changes every year.

For more information on repayments, visit repayments-are-made-vet-loans

If you have a VET Student Loan and your provider closes

If you have a VET Student Loan and your provider closes, you may be able to continue your training with another provider.

This includes for VET FEE-HELP.

You will be offered a replacement course that leads to the same qualification.

In the unlikely event that there are no suitable replacement courses, you might be able to get your VET loan debt cancelled.

For more information on “Problems with your VET loans or providers, visit

Can I cancel my course if I have already enrolled?

A student who has already enrolled in the course or part of the course can cancel without the student incurring tuition fees for the course or part of the course. If a student requests a loan for a course, the student becomes financially liable for the tuition fees on a ‘part of a course’ (or unit of study). This is determined by the census date. The census date will determine how much can or may be refunded to the student.


Vet loan: Policies, Procedures and Obligations