VET STUDENT LOANS
VET Student Loans is an Australian Government loan program for the Vocational Education and Training sector. VET Student Loans forms part of the Higher Education Loan Program (HELP).
CMA Training Group is an approved provider of VET Student Loans. VET Student Loans commenced on 1 January 2017, replacing the VET Fee‑Help scheme, which ceased on 31 December 2016.
You can find more information about the VET Student Loans system on the Department of Education and Training’s website.
AM I ELIGIBLE FOR VET STUDENT LOANS?
Only eligible students will be approved for a VET Student Loan. You are eligible for VET Student Loans if you:
- Are an Australian citizen or permanent humanitarian visa holder (resident in Australia for the duration of the unit); or are a qualifying New Zealand Citizen AND
- Are a full fee-paying / fee for service or government subsidised student studying a diploma, advanced diploma, graduate certificate or graduate diploma level course at an approved VET Student Loan provider; AND
- Have not exceeded the FEE-HELP limit (see below); AND meet the tax file number (TFN) requirements: OR 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 after you have applied for a TFN; AND
- Provide a copy of your Senior Secondary School Certificate (Year 12 Certificate); or a copy of a Certificate IV qualification or higher; display competence in numeracy and reading at the Australian Core Skills Framework (ASCF) exit level 3.
You can download the VET Student Loans Information Booklet here.
New Zealand citizens wishing to access VET Student Loans can find further information here: http://studyassist.gov.au/sites/studyassist/helpfulresources/pages/faqs-nz
Students repay their loan to the Australian Government through the tax system once a student earns the minimum threshold level for repayment, which is $51,957 for the 2018-19 income year. A VET Student Loan remains a personal debt obligation until it is repaid to the Commonwealth. It may reduce your take-home (net) wage or salary until the debt is repaid. It may also affect your borrowing capacity until the debt is repaid to the Commonwealth. You may wish to seek independent financial advice prior to applying for a loan. If eligible, you may loan up to $10,150 (applicable in 2018) / $10,342 (applicable in 2019) for the SHB50115 Diploma of of Beauty Therapy and up to $10,342 (applicable in 2018) / $15,514 (applicable in 2019) for the CUA51015 Diploma of Screen and Media at CMA.
SCHEDULE OF TUITION FEES
Download the current fee schedule:
APPROVED DIPLOMA PROGRAMS
POLICIES AND PROCEDURES
Student Admission Procedures for Approved Courses
Tuition Assurance Procedures
Statement of Tuition Assurance 2017
Statement of Tuition Assurance 2018
Privacy and Personal Information Procedures
Student Review Procedures for Re-crediting a FEE-HELP Balance
Student Grievance Policy & Procedures
Provider Cancellation of Enrolment Procedure for Approved Courses
Withdrawal and Refund Policy for Approved Courses
Withdrawal Application Form
Online Service Standards
CMA TRAINING GROUP PTY LTD | RTO 88123