VET Student Loans Information Released
The Australian Government has announced the new Vocational Education and Training (VET) Student Loans program, which will replace the VET FEE-HELP scheme from 1 January 2017, pending the passage of the VET Student Loans Bill 2016.
Technical and Further Education (TAFE) institutes, public providers and Australian universities that are currently approved as VET FEE-HELP providers, will will automatically transition to the new program, while private providers will be required to meet a range of quality measures.
The new program will include loan caps on courses, stronger course eligibility criteria that aligns with industry needs and results in employment outcomes, mandatory student engagement measures, a prohibition on the use of brokers to recruit students and an increased focus on successful student completion.
The Department of Education and Training has published a series of fact sheets outlining information on the program targeted to both students and training providers.
Information for Students
Information for Existing VET FEE-HELP Students
VET Student Loans - Information for Students
Information for Providers
Information for current VET FEE-HELP Providers
Provider Eligibility for VET Student Loans
Information for New Providers
Enhanced Compliance Measures
Tuition Assurance
For more information, view the:
media release from Minister for Education and Training the Hon Simon Birmingham;
VET Student Loans; and
HELP Resources for Providers.
"The profession that creates all other professions"