VET Fee Help
All Certify You course listings are covered by The Australian Government’s VET FEE-HELP program. This means that eligible students will incur a debt of tuition fees assisted by a VET FEE-HELP loan. You can start studying now and start paying later once you start earning the minimum repayment threshold. VET FEE-HELP is a student loan program for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP).
VET FEE-HELP assists eligible students studying certain VET courses with an approved VET provider who pay for part or full of your tuition costs. A VET provider is a registered training organisation who has been approved by the Australian Government to offer Vet Fee-Help assistance to their students.
Am I entitled to VET FEE-HELP?
If you are an Australian citizen. Then YES! or:
- a permanent humanitarian visa holder who will be resident in Australia for the duration of the unit of study in which they are seeking VET FEE-HELP assistance
- a full fee-paying student, or an eligible subsidised student in a Reform State or Territory, enrolled on or before the census date in an eligible unit of study through an approved VET provider and remains enrolled in the unit at the end of the census date
- meet the tax file number requirements
- have completed, signed and submitted a valid Request for VET FEE-HELP assistance form for the unit or the course of which the unit forms a part, on or before the census date and have not exceeded the FEE-HELP limit
VET FEE-HELP assists eligible students to pay for all or part of their VET tuition fees when studying one or more of the following accredited VET courses of study at a VET provider:
- Advanced diploma
- Graduate certificate
- Graduate diploma
Over a student’s lifetime they may borrow through VET FEE-HELP and FEE-HELP, an amount up to the Fee Help limit to pay their tuition fees. VET FEE-HELP debts become part of an individual’s accumulated HELP debt. There is a loan fee of 20% that applies to full fee-paying students undertaking VET Fee Help loans. The Fee Help limit does not include the loan fee. The Australian Government pays the amount of the loan direct to a student’s provider. Students repay their loans through the Australian Taxation Office.
How do you apply for VET FEE-HELP with Certify You?
If you are eligible for VET FEE-HELP assistance and would like to obtain a VET Fee Help loan for your course, please call Certify You and we will assist you on how to fill out an application to enroll for your course. You will be assisted in applying by us confirming your eligibility and providing you with the VET Fee Help Information booklet and Request for VET FEE-HELP assistance form.
What is the loan limit?
The Fee-Help limit in 2014 is $96,000 for VET. This amount is indexed each year.
What are the fees and charges?
No application fees are charged for requesting VET FEE-HELP assistance.
A 20% loan fee applies to full fee-paying students receiving VET FEE-HELP assistance. The loan fee is included in your VET FEE-HELP debt and will not decrease your Fee Help loan limit. Students in a Reform State or Territory will not incur a loan fee. Victoria is the only Reform State or Territory for the purposes of VET FEE-HELP.
No interest is charged to your VET FEE-HELP debt, however, your debt is indexed annually by the Australian Taxation Office (ATO) to maintain its real value. If you do not have an Tax File Number (TFN) you can request one from the Australian Taxation Office.
Vet Fee-Help debts become part of your accumulated HELP debt. You must start repaying your accumulated HELP debt when your repayment income is above the minimum repayment threshold for compulsory repayments. The minimum repayment threshold for compulsory repayment for the 2013-14 income year is $51,309. The repayment thresholds are adjusted each year to reflect any changes in average weekly earnings.
Helpful Links & Documents
The VET FEE-HELP Information booklet is designed to assist students to understand VET FEE-HELP, and their rights and responsibilities when accessing VET FEE-HELP assistance.
VET FEE-HELP Handbook. Click here