ACFB has provisional approval by the Department of Education & Training and Study Assist to offer VET Student Loans to students enrolled in our Diploma of Remedial Massage course.
The Australian Government is committed to increasing productivity, addressing skills shortages and assisting with the cost of studying. VET Student Loans is a loan program that helps eligible students enrolled in higher level vocational education and training courses at approved course providers pay their tuition fees.
To be eligible for VET Student Loans, a person must:
To get a VET Student Loan, you must:
You must meet ALL of these criteria – further detailed below.
You have not exceeded the FEE HELP limit.
You are enrolled with an approved course provider in an approved course and have enrolled in accordance with the application requirements.
You are studying the approved course primarily at a campus in Australia.
Your course meets the course requirements, if it:
You have been assessed by your approved course provider as academically suited to undertake the approved course by either:
You meet the Tax File Number (TFN) requirements.
You have a Unique Student Identifier (USI) or are otherwise exempt.
You have read the 2017 VET Student Loans information booklet.
You have given the required documents to your approved course provider and submitted the loan application form by the first census day no less than two business days after enrolling.
Loan Cap & Repayments
The current VET Student Loans limit is $104,440 for most students and the income threshold for compulsory repayment is $45,881 for the 2019 – 2020 income year. You will be able to place the entire $13,990 (for the HLT52015 Diploma of Remedial Massage course) on a VET Student Loan.
What is a Census Date?
Loan Fee & Exemptions
The Australian Government charges a 20% loan fee which applies for VET Student Loans accessed by full fee paying/fee for service students. The loan fee does not count towards your FEE-HELP limit. Students who are eligibly for Skills First funding are not charged a loan fee.
Electronic Commonwealth Assistance Form (eCAF)
During the enrolment process students will be sent a link to access their eCAFs. Each student must submit their eCAFs prior to the first census day for which they wish to access a loan.
Relevant documents are available below and there is also additional information on the following website: http://studyassist.gov.au/sites/StudyAssist/
If you would like more information and to enrol, please contact our friendly team on 03 9873 4858 and we will be more than happy to assist you.