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VET Student Loans/ VET FEE-HELP

VET Student Loans at CIT
Who is eligible?
Academic Suitability
Applying for a VET Student Loan
What if I am under 18 years of age and wish to apply for a VET Student Loans
Engagement and Progression of your program/course - VET Student Loans
VET Student Loans Schedules
What does a VET Student Loan cover?
What courses are available and what are the fees?
What is a census date?
Do I need to apply for VET Student Loan for each course I study?
How do I cancel my VET Student Loan assistance applications?
VET Student Loan Ombudsman
More Information

VET Student Loans at CIT

From 1 January 2017, the Commonwealth VET Student Loans program replaced the existing VET FEE-HELP loan program. Students who have previously accessed VET FEE-HELP to cover the tuition for their course are able to continue with VET FEE-HELP as long as they followed the Opt-In process.

This Commonwealth Government program allows you 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 your fees are above the loan cap, you will need to pay the difference. Most CIT students will not be affected by course loan caps. Those students who are affected will be informed during their enrolment, and will have the option of accessing a CIT Payment Plan for fees over the cap.

A list of eligible course under the new VET Student Loans scheme is available from the Commonwealth Department of Education and Training website http://education.gov.au/vet-student-loans.

Many CIT qualifications are eligible for VET Student Loans assistance.

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 VET Student 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.

Please note this is a loan and therefore it will be classed as a debt whenever you are required to list your liabilities and assets, for example if you are applying to a financial institution for a loan or credit card.

There are specific criteria students must meet to be eligible for a loan through VET Student Loans. Until students have met this eligibility, and the CIT Student Management System has been updated, students will be unable to access the Expression of Interest form on CIT Self Service.

Students must have been assessed as academically suited to undertake the eligible course and their FEE-HELP balance must be greater than zero.

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Who is eligible?

You are eligible for VET Student Loan if you:

  • are an Australian citizen or permanent humanitarian visa holder or New Zealand citizen with a Special Category Visa holder; AND
  • have not exceeded the HELP limit; AND
  • are enrolled with an approved VET Student Loans and FEE-HELP provider in an eligible unit of study by the census date for that unit; AND
  • meet the academic suitability requirements for accessing a VET Student Loan AND
  • meet one of the following course requirements:
    • are a full fee-paying / fee for service student studying a diploma, advanced diploma, graduate certificate or graduate diploma level course at an approved VET Student Loans provider; OR
    • are a government subsidised student studying a diploma or advanced diploma course.
  • You must also supply your Tax File Number (TFN), or a valid Certificate of Application for a TFN, before you can access a VET Student Loan.

To check the most up-to-date eligibility criteria go to www.studyassist.gov.au.

Academic Suitability

The Australian Government has made important reforms to the VET Student Loans scheme to better protect students taking out a VET Student Loans. To be eligible to apply for a VET Student Loans, you must meet the qualification entry requirements (listed as 'entry requirements' for each course) as well as an additional academic suitability requirement.

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Applying for a VET Student Loan

What is the process for applying for a VET Student Loan at CIT?

  1. You must first read the current VET Student Loans Information booklet and this handbook. This will ensure you know if you are eligible to apply and that you understand your rights and responsibilities in applying for a loan. The booklets are available on the CIT and Study Assist websites or in print from CIT Student Services at any location.
    Note: The Information Booklets are updated annually; please ensure you read the booklet for the current year.
  2. You must provide proof of citizenship/ visa status via email at infoline@cit.edu.au or in person at any CIT Student Services location.
  3. You must provide evidence of your Academic Suitability by supplying CIT with a copy of your Australian Senior Secondary studies (HSC/ Year 12 Certificate); or provide evidence of successful completion of an Australian Qualifications Framework Certificate IV or higher qualification (where the language of instruction is English); or undertake an assessment test to show you have the required level of literacy and numeracy (Australian Core Skills Framework Level 3) to complete your course.
  4. Wait until 2 days have passed since you originally enrolled into the program/ course as there is a mandatory cooling down period after you enrol before you can apply for a VET Student Loan

You must do these things before completing the Expression of Interest (EOI) for a VET Student Loan via CIT Self Service.

Once you have completed the EOI CIT will upload this information into the Australian Government’s Electronic Commonwealth Assistance Form (eCAF).

Passkey for Government eCAF

The Department of Education will send you an email with a Passkey allowing you to sign into the Commonwealth Assistance (eCAF) system. Once you sign in you will need to verify the prepopulated information and complete the mandatory fields including your Tax File Number. You will then be able to submit your eCAF. You will receive a copy, via email, of your completed form. Keep this for your records.

You will need to complete and submit a valid Request for VET Student Loans assistance electronic form for each program/course or subject you are wishing to access VET Student Loans on or before the Census Date.

Please contact CIT Student Services if you need assistance.

Additional information regarding the Passkey and how to lodge an eCAF is available at https://www.education.gov.au/information-vet-student-loans-students

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What if I am under 18 years of age and wish to apply for a VET Student Loans

Students under 18 must have a parent or guardian co-sign the Request for a VET Student Loan form. However, if Centrelink has assessed your situation and you meet the requirements for receiving the independent rate of Youth Allowance you will need to provide your Centrelink Income Statement. You can request a copy of this statement by logging into myGov and selecting your Centrelink online account. For more information, visit https://www.humanservices.gov.au/customer/online-help/centrelink/request-document-using-your-centrelink-online-account.

Engagement and Progression of your program/course - VET Student Loans

Students with a VET Student Loan will be required to complete an engagement and progression survey each Feb, June and October until the completion of their program/course. Students will be sent an invitation, by the Australian Government, via email to confirm they are continuing with the program/course and will have two weeks from receipt of the invitation email to complete and submit the survey. Failure to complete may impact on their VET Student Loan.

  • Students will be sent an acknowledgement of their completion with a copy of their responses, together with a reminder that they are agreeing to a VET Student Loan being used to pay for their tuition fees.

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VET Student Loans Schedules

Semester 1 2018

Semester 2 2017

Semester 1 2017

VET FEE-HELP Schedule for 2017

If you need help with the cost of study, the Australian Government offers support for you to study now and pay later through their VET FEE-HELP scheme.

VET Student Loan limits only cover the course fee, not any course related or mandatory equipment charges.

A VET Student Loan is a Commonwealth loan that may affect the borrowing capacity of the person until the debt is repaid. If you are unsure you should seek independent financial advice prior to applying for a student loan.

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What does a VET Student Loan cover?

You can only receive a VET Student Loan for the tuition fee component of your course or subject fees (including Skills Recognition). VET Student Loans cannot be used to pay for any other costs such as the Service and Amenities Fee, textbooks, personal equipment/clothing, printing, accommodation and travel costs.

If you are enrolling in a government-subsidised course or subject, if eligible you may also apply for a CIT Fee Concession on the tuition fees in addition to applying for VET Student Loan. Full fee courses and subjects are not eligible for a concession.

What courses are available and what are the fees?

To view current VET Student Loan eligible courses and fees, click on the Fee Schedule documents at the top of this page.

What is a census date?

The census date is the last day you can submit a request for VET Student Loans/VET FEE-HELP and FEE-HELP assistance or withdraw enrolment without incurring the cost for that course/subjects. All eligible CIT subjects will have their own Census Date.

To find out when a subjects' Census Date will be check the VET Student Loans/VET FEE-HELP and FEE-HELP Schedule – Subject Dates above.

Census Date for Skills Recognition applications using work/life experiences will usually be 3 weeks after the invoice is originally issued.

Do I need to apply for VET Student Loan for each course I study?

Yes, you must submit a new Request for VET Student Loans assistance form for each course of study you are enrolled into if you wish to access the VET Student Loan scheme.

Once you have applied for VET Student Loan for a course all additional tuition fees for that course will automatically be transferred over to VET Student Loan.

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How do I cancel my VET Student Loan assistance applications?

A requests to cancel VET Student Loans must be in writing, and submitted prior to or on the Census Date. You can submit your written request in person at any CIT Student Services or by emailing infoline@cit.edu.au.

If you decide to cancel your VET Student Loan assistance request you will be required to pay all your fees prior to or on the Census Date.

VET Student Loan Ombudsman

To complement the new program, the Australian Parliament passed the Education and Other Legislation Amendment Act (No.1) 2017 which established the VET Student Loans Ombudsman function within the Office of the Commonwealth Ombudsman to manage and investigate complaints regarding both the VET FEE-HELP scheme and the new VET Student Loans program. Visit http://www.ombudsman.gov.au/about/vet-student-loans-ombudsman for more information regarding the role of the VET Student Loan Ombudsman.

More Information

Detailed information is available on the Australian Government's study assist website at www.studyassist.gov.au including eligibility, application and loan repayment If you have questions about CIT policies and procedures for VET Student Loans/VET FEE-HELP please contact CIT Student Services on 6207 3188 or infoline@cit.edu.au.

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