Looking for a new job or need to gain your qualification?
Not sure how you are going to pay your course fees?
Is cashflow an issue at the moment?
A VET Student Loan may be your answer…
You can gain your qualification Now and Pay Later
Pay $0 while you study
Is This Option Right For Me?
You can keep reading and try to figure it all out, or give us a quick call for a simple summary!
It sounds confusing but it’s actually really simple and works really well for many of our students.
Just book a quick call with a friendly course advisor on the button below or just call us on 1800 998 500
VET Student Loans is available for the following qualifications…
Using a VET Student Loan For Your Course
Global Training Institute is a government-approved Vet Student Loan (VSL) provider, able to offer the VET Student Loan program to eligible students to assist them in paying for their course tuition fees upfront for some of our approved Diploma level courses. Please check the applicable course webpage to check if this option is available for the course that is of interested you. VET Student Loans will not be approved for students who do not meet eligibility requirements. A VET student loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.
If you are looking at completing a Diploma or Advanced Diploma qualification, then you can Study Now and Pay Later with a loan from the Government called VET Student Loans.
The Commonwealth Government pays your Tuition Fees directly to Global Training Institute on your behalf.
Helpful Links & Documents
Click here to access Study Assist’s guide to FEE HELP Loans.
Click here to access the VET Student Loans Enrolment form.
Eligibility & Citizenship Requirements
VET Student Loan Academic Suitability Requirements
To be eligible to be considered for a VET Student Loan, all students enrolling in an approved VSL course must meet the Academic Suitability Requirements.
Students must provide evidence of one of the following documents:
- Australian Senior Secondary Certificate of Education for Year 12 or
- AQF level 4 Qualification and higher delivered in English
If the above cannot be provided, then students must complete the Government Approved ACER Core Skills Profile for adults (CSPA) and successfully complete to an Exit level 3 or higher.
Global Training Institute must also be satisfied that the student can successfully complete the course they are enrolling into and therefore reserves the right to decline a VET Student Loan application or request the student complete an internal Core Skills Assessment before enrolment.
How do I apply?
To apply for a VET Student Loan, you will need to complete an online Electronic Commonwealth Assistance Form (eCAF) and will require your tax file number (TFN).
Before you sign and submit your form, you must read the VET Student Loan Student Information Booklet 2018. The form will ask you to provide your TFN. If you don’t have a TFN, you can give your provider a Certificate of application for a TFN. This certificate is available from the Australian Taxation Office (ATO) after you have applied for a TFN. Contact the ATO on 13 28 61 for TFN information.
You must submit the signed and completed form to your provider by the census date or administrative date. If you do not submit your form on or before the census date, you will not be eligible for a VET Student Loan.
Click on the link below to view the Global Training Institute course fees and schedules:
Guide to completing your eCAF
What is an eCAF?
An eCAF stands for electronic Commonwealth Assistance Form. It is an online system for students to request a VET Student Loan.
Who should complete an eCAF?
Any eligible student enrolled within an approved VET Student Loan course and wishing to apply for VET Student Loans will need to complete an eCAF form prior to their first census date.
How do I complete an eCAF?
To complete the eCAF form, you will need a tax file number (TFN) and the eCAF logins details provided by eCAF systems via email. The login details will be sent to you 2 business days after your enrolment is finalised.
Follow the links and instructions on the email to access your eCAF form. Please verify the pre-populated information and complete all mandatory fields.
You must complete and submit the form on or before your first census date to be eligible for VET Student Loans.
If you need assistance, please contact Student Services on 1300 887 991.
Please note: If you do not submit your eCAF by the census day, you will be liable for the tuition fees payable for that fee period.
For further information regarding the eCAF form, please review this Government eCAF fact sheet.
How much can I borrow?
There is a set maximum amount you can borrow through VET Student Loan over your lifetime; this is the VET Student Loan limit. To view the latest VET Student Loan limit visit Study Assist.
How do I repay the loan?
Your HELP debt is repaid through the tax system once your repayment income is above the minimum repayment threshold for compulsory repayment, even if you are still studying. Your HELP debt is indexed each year in line with movements in the Consumer Price Index (CPI) to maintain its real value but is otherwise interest fee.
Visit the ATO website at www.ato.gov.au for further information about HELP debt repayments.
Helpful Links & Documents
The VET Student Loan Student Information Booklet is designed to assist students in understanding VET Student Loans, and their rights and responsibilities when accessing a VET Student Loan.
VET Student Loan Student Information. Click here.
Fact Sheet from the Department of Education & Training site. Click here.
Australian Citizenship Evidence Requirements
An Australian citizen needs to meet the residency requirements for a VET Student Loan; they are only eligible if they intend to complete the course primarily at an Australian campus. A student may be eligible for a VET Student Loan to pay for part of their course if they gain Australian citizenship during their enrolment.
If you are unable to provide the required evidence, you may be able to apply for a replacement citizenship certificate Form 119 or apply for your citizenship evidence with the Department of Immigration and Border Protection. https://www.border.gov.au/
New Zealand Citizen Evidence Requirements
A New Zealand citizen is eligible if they hold a Special Category Visa (SCV) and:
- has usually been resident in Australia for at least 10 years; and
- was a dependent child aged under 18-years of age when he or she first was usually resident in Australia; and
- has been in Australia for periods totalling 8 years during the previous 10 years; and
- has been in Australian for periods totalling 18 months during the previous 2 years.
Further information about HELP eligibility criteria for New Zealand Special Category Visa Holders is available at www.education.gov.au/faqs-new-zealand-special-category-visa-holders.
Evidence of eligibility and residency requirements
- Birth Certificate or NZ Passport stamped
- Australian Driver’s License OR Australian Proof of Age Card
- Concession or Australian student ID Card
- Completed Tax file Number advice, notification of income tax assessment, certificate of application for a tax file number form from when applicant was a minor
- Enrolment papers from when the applicant was a minor
- Proof of SCV status
- International Movements Record – via ‘1359 Request for International Movement Records’ from http://www.border.gov.au/forms/Documents/1359.pdf
- VEVO Check conducted to search Visa status – NZ SCV subclass 444
Permanent Humanitarian Visa Holders Evidence Requirements
Evidence of eligibility and residency requirements:
- Passport
- Permanent Humanitarian Visa, VEVO Check www.border.gov.au/vevo
- Immi Card
- DFTTA