VET Student Loan is an Australian Government loan program that helps eligible students enrolled in approved courses at diploma level or above, at approved course providers, pay their tuition fees. The loan has income-contingent repayment arrangements, which means you only need to make repayments if you are earning above the minimum repayment threshold. You can make voluntary repayments at any time.
If you are an eligible student, the Department of Education and Training may approve your VET Student Loan for an approved course. The department will pay your loan directly to your approved course provider. You will be responsible for any gap amount in the tuition fees, which are not covered by the loan. You will owe a debt to the Australian Government for the loan, which will be managed by the Australian Taxation Office (ATO).
The Department of Education, Skills, and Employment have developed simple resources and videos that will help you understand the process better. Click here.
To receive a VET Student Loan, you must:
To be an eligible student, you must meet ALL of these criteria – further detailed below.
In addition, your approved course provider must reasonably believe you show competence in completing the course.
In order to apply for a VET Student Loan you must provide current and updated evidence against each of the following criteria (prior to enrolment). Otherwise, you will be liable to pay the full cost of your course.
Please note: Centrelink benefits do not affect your eligibility or the loan amount you can access.
*A qualifying New Zealand citizen is a New Zealand citizen who meets all of the following:
**If your qualification is from overseas, then the certificate provided must be a letter or certificate issued by a Federal, State, or Territory government agency which assesses overseas qualifications and which shows that your qualification has been determined to be equivalent or comparable to a qualification in the Australian Qualifications Framework at level 4 or above.
The census date for a unit of study is the last day a student can submit their request for a VET Student Loan eCAF to defer their tuition fees through the VET Student Loans program. If you have not submitted a completed eCAF on or prior to the census date, you WILL NOT be entitled to a VET Student Loan for the current unit(s).
A census date is the date by which enrolment may be cancelled without incurring tuition fees for the course or part of the course.
Census dates cannot be set any earlier than 20% of the way through the period in which a unit is undertaken (this period includes any examination/assessment periods). Census dates cannot be extended.
Upon confirmation of your intake, you will be provided with a schedule including Units of Study start dates, end dates and census dates specific to your intake.
Below is a list of the New Futures Training Fees Schedule including Census dates.
Download New Futures Training Fees Schedule
Before enrolling a student in a given VSL eligible course New Futures Training must determine that the student is “academically suited” to the course.
Please refer to the below listed VET Student Loans Student Entry Procedure which specifies how New Futures Training will determine 'academically suited' students.
New Futures Training seeks to create a learning environment where all students are respected and can develop their full potential. All students are given fair and reasonable opportunities to attend and complete training.
New Futures Training treats all prospective students equally and fairly. We have implemented open, fair, and transparent policies that are based on merit for making decisions.
Download Equal & Fair enrolment policy
New Futures Training ensures that its administrative processes support the provision of assistance to all students withdrawing from their studies.
Students paying for their course through a VSL loan can access VSL Student Withdrawal Policy and Procedure at any time here:
Our review processes and procedures ensure that a student is not victimised or discriminated against for:
Download Student Review Requirements
New Futures Training is committed to providing effective, efficient, timely, fair, and confidential academic grievance and non-academic grievances handling procedures for all VSL students.
A complaint or grievance may be about an Academic or Non-Academic matter.
For full details please download the VSL Student Grievance Procedure
Tuition assurance protects students in the event a course provided by an approved VSL provider ceases to be provided after it starts but before it is completed. Affected students are offered a replacement course with another provider and where this is not possible, the student's FEE-HELP balance for the affected part of the course will be re-credited.
Details on the process and full statement to be accessed here,
Download Statement of Tuition Assurance for Exempt VSL Providers
New Futures Training is committed to protecting the privacy of students through responsible handling of personal information gathered from them. New Futures Training allows students to apply for and receive a copy of the VET personal information that New Futures Training holds. New Futures Training will take every reasonable step to make sure that the personal information it collects uses or discloses is accurate, complete, and up to date.
Full details are to be found in these relevant policies:
An RTO can only deliver qualifications that are in their scope of registration.
For course details, please see the scope of registration for New Futures Training at www.training.gov.au
VICSEG New Futures trading as New Futures Training (TOID 21203)