VET STUDENT LOANS

From 1 January 2017, the Commonwealth VET Student Loans program replaced the existing VET FEE-HELP loan program.

For further information about government assistance for financing post-school study visit the Australian Government Study Assist website.

 

For information relating to continuing students under VET FEE-HELP including the schedule of tuition fees, policies and documents, please refer to to the 'VET FEE-HELP for existing students' further down this page.  Students who have an existing VET FEE-HELP loan and who "opted-in" may continue to access VET FEE-HELP for units with a census date to 31 December 2017.  

 

RuralBiz Training Schedules

Vet Student Loans:

 Study Periods, Census Dates, Prices and Unit Availability 2017

 

Vet FEE-HELP

Study Periods, Census Dates, Prices and Unit Availability 2017

 

RuralBiz Training Course Fees

Click here to view a summary of course fees and available subsidies. Fees & Subsidies are subject to change and our office will confirm course fees and eligible subsidies with you as part of the enrolment process. 

 

What are Vet Student Loans?

Vet Student Loans are Australian Government loans that help eligible students pay for all or part of their tuition fees for higher level VET courses (diploma, advanced diploma) undertaken at approved providers.

This Commonwealth Government program allows students to access loans for courses that:
  • have a high national priority
  • meet industry needs
  • contribute to addressing skills shortages
  • lead to employment outcomes.

The program also features loan caps for course loans. This means if the course fees are above the loan cap, the student will need to pay the difference. In 2017 no RuralBiz Training course fee is greater than the current course loan cap.


What is an approved Vet Student Loans provider?

An organisation that has been approved by the Australian Government to offer Vet Student Loans to its students.

RuralBiz Training (Kreate Pty Ltd)  holds approval to offer VET Student Loans for the following courses: 

AHC50116 Diploma of Agriculture

AHC50416 Diploma of Horticulture

AHC50816 Diploma of Production Nursery Management

AHC51116 Diploma of Conservation and Land Management

AHC51216 Diploma of Community Coordination and Facilitation

AHC51416 Diploma of Agribusiness Management

AHC51516 Diploma of Viticulture

AHC51516 Diploma of Viticulture

AHC51816 Diploma of Organic Farming

AHC60216 Advanced Diploma of Horticulture

AHC60316 Advanced Diploma of Agribusiness Management

AHC60415 Advanced Diploma of Conservation and Land Management

 

 

For further information in relation to courses and other VET Student Loans matters please visit the Commonwealth Department of Education and Training website here

Read the Vet Student Loans information booklet to check your eligibility and find further information.

 

 

How Does VET Student Loans Work?

VET Student Loans allows eligible students to access a loan to pay part or all tuition fees for approved courses.

Students can either:

  • Access the loan to pay all tuition fees (up to the loan cap limit)
  • Access the loan to pay part of the tuition fees and pay the remaining balance upfront

The loan is repaid through the Australian tax system. When students reach the minimum income threshold for repayment. There is a loan fee of 20% for full fee-paying students.


VET Student Loans Eligibility

To be eligible, a student must either:

  • Be an Australian citizen; or
  • Hold an eligible permanent humanitarian visa and usually reside in Australia; or
  • Be a New Zealand citizen on Special Category Visa who meet the long term residency requirements:
    • The student first began living in Australia at least 10 years before applying for a loan, and at that time, were a child under 18 years of age and did not have a spouse or de-facto partner.
    • The student has been in Australia for at least eight of the 10 years immediately prior to applying and at least 18 months of the last two years.
  • Have a tax file number or be applying for one
  • Have a Unique Student Identifier (USI)
  • Meet the academic suitability requirements of the VET Student Loans - Student Entry procedure (ie, assessed as academically suitable to undertake a high level vocational qualification)
  • Have a Commonwealth Higher Education Support Number (CHESSN)
  • Not have exceeded the lifetime Commonwealth student loan limit.

 

Unique Student Identifier

The Commonwealth requires all students studying a nationally recognised training course to have a USI. If a student already has one, the individual must use the same USI whenever enrolling for any training. If a student doesn't have a USI, the individual can register at https://www.usi.gov.au/ or provide authorisation for the training provider to apply on the student's behalf at the time of application.

 

Commonwealth Higher Education Student Support Number (CHESSN)

A CHESSN is allocated to all students when they first access a Commonwealth loan. Any Commonwealth student loan taken is recorded against the student's CHESSN. If a student already has a CHESSN, the individual needs to supply that number.

Please note:

VET student loans will not be approved for students who do not meet eligibility requirements

A VET student loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid

 

Marketing

RuralBiz Training engages in ethical marketing practices.  We do not offer inducements for students to sign up for Vet Student Loans.  If you are aware of anyone doing so in relation to our training, please contact us immediately.

 

How To Apply 

A VET Student Loan is an agreement between the student and the Commonwealth Government.

To apply for a VET Student loan:

  • A student must meet all the loan eligibility requirements
  • A student must read the VET Student Loans information booklet 2017
  • If a student is accepted into a course, RuralBiz Training will advise the Commonwealth that the individual wishes to apply
  • The Commonwealth will then email log-in details and a password to access the online loan application
  • If approved, RuralBiz Training will be advised by the Commonwealth and the enrolment can be finalised.

As with any loan, the individual must understand the terms and conditions before making a commitment.

Please read the VET Student Loans information booklet 2017 available here as well as associated documentation available here and consider seeking independent financial advice.

Student under 18
There are no age restrictions to apply for a VET Student Loan. For students who are under 18, a parent or guardian must co-sign the loan request. When applying online:

  • The student will need to print the application
  • Have a parent or guardian sign the application
  • Then provide the application to RuralBiz Training

A parent or guardian will not be responsible for making loan repayments and it will not affect their credit rating. A student will begin making repayments once the individual's income reaches the minimum payment threshold.

Student Entry Procedure

If a student wishes to apply for a Commonwealth VET Student Loan, the individual must be assessed for academic suitability to undertake a high level VET qualification. This is a measure introduced by the Commonwealth Government from 1 January 2016.

This academic assessment is IN ADDITION to any entry requirements that may be required for the specific course a student wishes to undertake.

A student must:

Provide a copy of his/her senior secondary certificate of education from an Australian agency; OR

Undertake an approved reading and numeracy assessment and meet the required standard. The assessment tool used is the Core Skills Profile for Adults (CSPA) testing by the Australian Council for Educational Research Limited (ACER) and the individual must attain a minimum of Exit Level 3 in both reading and numeracy; OR

Provide a copy of the student’s certificate of a Level 4 or above qualification in the Australian Qualifications Framework and the course for the qualification was delivered in English

Please contact our office by phone on (02) 6884 8812 or email admin@ruralbiztraining.com.au if you require more information about the academic suitability assessment.


Note: If students wish to supply their senior secondary certificate of education, but have lost or mislaid it, they may be able to order a replacement for a fee. Please visit the relevant education site for further information:
State Site
Australian Capital Territory www.bsss.act.edu.au
New South Wales www.boardofstudies.nsw.edu.au
Northern Territory www.education.nt.gov.au
Queensland www.qcaa.qld.edu.au
South Australia www.sace.sa.edu.au
Tasmania www.tasc.tas.gov.au
Victoria www.vcaa.vic.edu.au
Western Australia www.tisc.edu.au

How Course Fees Are Charged 

Fees for VET Student Loans eligible courses are charged by Units of Study; payments are spread across the duration of the course. Each Unit of Study has a census day, set at no less than 20% into the Unit of Study.

A student will be sent a Statement about covered fees stating whether the enrolment is accepted on the basis that part or all of the tuition fees for the course will be covered by a VET Student Loan.

A student will be sent an Fee Notice no less than 14 days prior to each census day, indicating the individual's fees and census dates.

The debt is incurred on the day after the census day.

After a census day has passed, RuralBiz Training will also send a Commonwealth Assistance Notice (CAN) for that Unit of Study. The CAN will provide the student with information about the debt incurred, including the loan fee where applicable. If a student believes the CAN is incorrect, then he/she should contact RuralBiz Training immediately to rectify.

For certain courses, there may be a gap between the course fee and the loan cap that the Commonwealth will allow for the course. The student will be advised of this upon enquiry, and also about other payment options that may be available. in 2017 no course offered by RuralBiz Training exceeds the allowed commonwealth loan cap.

Lifetime Loan Limit - The lifetime loan limit is the total amount a student can incur in a lifetime under any Commonwealth student loan scheme – whether it is a VET Student Loan, VET-FEE HELP or a Higher Education FEE-HELP loan. It is indexed each year, in line with the Consumer Price Index (CPI). In 2017, the lifetime loan limit is $100,879 for most students.

Students can view their loan obligations by referring to the Study Assist website here

Repaying the Loan

A student must repay the loan through the tax system when the individual's income is above the minimum repayment threshold. Repayment thresholds are adjusted each year to reflect changes in average weekly earnings. The minimum repayment income threshold for 2016-17 is $54,869.

A VET Student Loan is a personal debt obligation that can affect a student's credit rating and has wage and tax repayment implications.

For further information please refer to the ATO site here

Withdrawals and Refunds

A student may withdraw from a VET course of study or unit/s of study by providing an email or letter of intention to withdraw.

Please refer to the RuralBiz Training Student Handbook for our withdrawal policy.

There are no penalties if a student withdraws on or before the census day. However, once a census day has passed, the loan amount for the Unit of Study is incurred.

Rights And Responsibilities

If a student is considering applying for a VET Student Loan, the individual should familiarise themselves with the loan obligations by reading the VET Student Loan information booklet 2017.

Further information is available at:

  • Department of Education and training website here
  • Study Assist website here

Student may wish to seek independent financial advice as well.

 

VET FEE-HELP For Existing Students

Students who have an existing VET FEE-HELP loan and who "opted-in" may continue to access VET FEE-HELP for units with a census date to 31 December 2017.

The 2017 schedule of VET tuition fees and census dates can be downloaded here.

If you require any further information about VET FEE-HELP please do not hesitate to contact our office on 02 6884 8812 or admin@ruralbiztraining.com.au

Further information can also be found

Study Assist Website or

Department of Education Website

 

Policies & Procedures:

The following policies and procedures relate to VET FEE-HELP and/or VET Student Loans and may be downloaded:

Student Handbook 2017             

Statement of VET Tuition Assurance VET FEE-HELP

Statement of VET Tuition Assurance VET Student Loans

Fair Treatment Equal Opportunity Policy

Student Grievances Policy & Procedure

Student Review Procedures

Personal Information Procedures

Refund Policy

Withdrawal - VET FEE HELP

Withdrawal Policy & Procedure VET Student Loans             

VET Student Loan Entry Policy & Procedure


Helpful links and documents:

Vet Student Loans Information Booklet 2017

Vet Student Loans Withdrawal Form

VET FEE-HELP Information Booklet 2016

VET FEE-HELP Withdrawal Form  



Need further assistance?

If you require further information about Vet Student Loans and your eligibility, please contact us by phone (02) 6884 8812 or email admin@ruralbiztraining.com.au.