VET FEE-HELP is an extension of FEE-HELP, part of the Higher Education Loan Program (HELP). In 2014, eligible students could borrow up to $96,000 for most courses and $120,002 for medicine, dentistry and veterinary science courses that lead to registration as practitioners in those fields. The VET FEE-HELP limit is indexed on 1 January each year (as measured by the CPI index). There is a 20% loan fee that applies to VET FEE-HELP loans and the VET FEE-HELP limit does not include the loan fee. Students repay the loan to the Australian Government through the tax system once a student reaches the minimum income threshold level for repayment, which for 2013–14 is $51,309.
For further information and to download the VET FEE-HELP information booklet, please go to http://studyassist.gov.au
Think: Colleges Pty Ltd trading as William Blue College of Hospitality Management, Australasian College of Natural Therapies, Australian National College of Beauty, APM College of Business and Communication, CATC Design School, Jansen Newman Institute and Southern School of Natural Therapies is approved by the Department of Education (DOE) to offer VET FEE-HELP loans to students enrolled in eligible Diploma and Advanced Diploma courses.