VET Student Loans
VET Student Loans are loans from the Australian Government that enable you to defer payment of tuition fees for eligible VET qualifications. Most CIT courses at Diploma and above level are eligible for VET Student Loan assistance.
If you are eligible to apply VET Student Loan you will need to start repaying the loan through the Australian Taxation System once your income is above an amount set by the Australian Government. This minimum repayment threshold is adjusted each year.
A loan fee of 20% currently applies to these loans for full fee courses and subjects. For example, if your tuition fee is $1,000, the loan fee is $200. The loan fee is also repaid through the Australian Taxation System.
For CIT specific information regarding VET Student Loans go to cit.edu.au/vetstudentloans
For additional information about VET Student Loans visit the Study Assist website at studyassist.gov.au