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From 1 January 2017, the Commonwealth VET Student Loans program replaced the VET FEE-HELP loan program.
 
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.
 
TAFE NSW has been approved to offer the Government's new VET Student Loans.
 
The VET Student Loan program allows eligible students to defer tuition fees for approved Diplomas or Advanced Diplomas.
 
You can either:
• defer all your tuition fees (up to the loan cap limit)
• pay some of your tuition fees upfront and defer the balance.
 
Your loan is repaid through the Australian tax system when you reach the minimum income threshold for repayment. There is a loan fee of 20% for full fee-paying students.
 
There is no loan fee for eligible students in some NSW Government subsidised (Smart and Skilled) training places.
 
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 TAFE NSW students will not be affected by loan caps, but if you are, you will be advised of this during your enrolment.

VET FEE-HELP for Existing Students

You can continue to study under your VET FEE-HELP loan if you're an existing student and you'll finish your course before the end of 2017. If you're not going to finish in 2017, we will contact you to discuss your options.
 
What you need to do
For all continuing VET FEE-HELP students, you need to opt-in to continue accessing your VET FEE-HELP loan this year. You will shortly receive an opt-in email or letter from the Commonwealth, if you haven't already. To opt-in, complete these 6 steps:
 
  1. Go to the VET FEE-HELP portal at ecaf.education.gov.au/vfh.
  2. SIGN IN using your date of birth and the passkey provided to you in a recent email or letter from the Department of Education and Training.
  3. UPDATE YOUR DETAILS Check the pre-filled details, update if necessary and complete the form.
  4. Press the SUBMIT button.
  5. CHECK YOUR EMAIL A confirmation email will be sent to you to confirm the opt-in process has been accepted.
  6. FORWARD this confirmation to hunter.vetstudentloans@tafensw.edu.au.

 
For more information please contact us or refer to the Commonwealth Department of Education and Training website.