VET Student Loans commenced on 1 January 2017, replacing the VET FEE-HELP scheme.
Eligible students can access a VET Student Loan to study of a range of courses at the diploma level and above.
How does a VET Student Loan work?
If you are eligible, you can access a VET Student Loan up to a certain amount (called a cap) for a range of programs.
TAFE Queensland receives your tuition fees from the Australian Government and you repay your loan through the Australian tax system. When your income reaches the repayment threshold, you start making repayments until you have repaid the whole loan amount.
A VET Student Loan is only for tuition fees, and doesn't cover additional study costs such as your text books, materials and accommodation.
Depending on your chosen course, you may need to pay the difference between the course cost and the VET Student Loan cap amount.
You can access a payment plan to help you pay off the remaining course cost in instalments.
To be eligible for a VET Student Loan you must meet the following criteria.
TAFE Queensland is an approved course provider. You can check if your chosen course is approved for a VET Student Loan on the course brochure. Search for your course here.
Are you ready to start studying?
Before you can access a VET Student Loan, TAFE Queensland must also determine if you have the ability to undertake the course.
TAFE Queensland will ask you to:
In addition, TAFE Queensland must reasonably believe you will be able to successfully complete the course.
If you would like more information please contact our Customer Service Centre on 1300 656 959 or email firstname.lastname@example.org