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VET Student Loans are an Australian Government loan scheme for approved diploma and advanced diploma level courses at approved providers. Vet Student Loans are available to eligible students to enable them access to quality higher level VET qualifications, particularly those students who could not otherwise afford to pay upfront. VET Student loans will not be approved for students who do not meet the eligibility requirements (refer below and to the student section and enrolment policy).

VET Student loans is a debt to the Commonwealth and managed by the Australian Taxation Office. The debt must be re-paid once you reach the compulsory repayment threshold.

Further information regarding threshold payments can be found here.

Am I Eligible for VET Student Loans?

To receive a VET Student Loan, you must:

be an eligible student

be studying an approved course

be studying with an approved course provider

apply to the government using the approved form, and

confirm your engagement and progression to continue to access the loan throughout your course.

To be an eligible student, you must meet ALL of these criteria – further detailed below.

You are:

an Australian citizen, or

a qualifying New Zealand citizen, or

a permanent humanitarian visa holder, who is usually resident in Australia.

Your FEE-HELP balance (the amount of your FEE-HELP limit you have left) is more than $0.

You are enrolled with an approved course provider in an approved course and have enrolled in accordance with the application requirements.

You are studying the approved course primarily at a campus in Australia.

You have been assessed by your approved course provider as academically suited to undertake the approved course on the basis of either:

providing your Australian Year 12 Certificate; OR

providing evidence of successful completion of an Australian Qualifications Framework Certificate IV or higher qualification (where the language of instruction is English); OR

displaying competence at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy through an approved Language, Literacy and Numeracy test.

In addition, your approved course provider must reasonably believe you show competence in completing the course.

You meet the Tax File Number (TFN) requirements.

You have a Unique Student Identifier(USI) or are otherwise exempt.

You have given the required documents to your approved course provider and submitted the loan application form by the first census day no less than two business days after enrolling.

How do I apply for VET Student Loans?

Prior to submitting a request to VET Student Loans, students must read the VET Student Loans student information booklet before they sign and submit their request for a VET Student Loan assistance form.

Further information about VET Student Loans may be obtained by contacting Oxygen College on 1300 195 303 or emailing info@oxygencollege.com.au

Further Information & Useful Links

Further information on VET Student Loans may be obtained through the study assist website http://www.studyassist.gov.au/ or by calling the Study Assist enquiry line on 1800 020 108.

Further information about your debt and repayments may be obtained from the Australian Taxation Office (ATO) by visiting their website http://www.ato.gov.au/ or calling the ATO Information line on 13 28 61

Government Funding

Oxygen College delivers training to eligible individuals with Victorian and Commonwealth Government Funding. Students may be eligible to receive funding for their courses under the Skills First Funding. To find out if you are eligible to receive Government Funding, contact Oxygen College on 1300 195 303.