VET Student Loans Quick Facts

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VET Student Loans Quick Facts

Everything you need to know about VET Student Loans

VET Student Loans is a student loan scheme from the government for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP).

VET courses of study include Diplomas, Advanced Diplomas, Graduate Diplomas and Graduate Certificates.

You can only get VET Student Loans from an approved VET provider.

Forsythes Training is an approved VET provider, a registered training organisation which has been approved by the Australian Government to offer VET Student Loans assistance to their students.

Eligible students must be either an Australian citizen or a permanent humanitarian visa holder who will be resident in Australia for the duration of the unit of study.

Once eligibility has been checked you can either “loan” the entire amount (with a 20% loan fee) or you can pay part of the amount and then loan the rest.

You don’t repay a cent until you start earning over $54,869 for the 2016-2017 income year. When that happens, the loan is repaid through your tax.

If you drop below the threshold at any time in your life your payments stop. They restart when you’re earning over the threshold again.

Are You Eligible? Click Here

Contact Forsythes Training TODAY on 02 4922 0122, or email