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VET Student Loans                                       ED16-0230 - 828902 - VET Student Loans Advertising Materials_Log

VET Student Loans commenced on 1 January 2017, replacing the VET FEE-HELP scheme. The VET Student Loans program offers greater protection for students and focuses on courses that address industry needs, creating better opportunities for employment. VET Student Loans offers income contingent loan support to eligible students studying certain diploma level and above vocational education and training qualifications. Eligible students are entitled for loans up to a capped amount.

Loan Caps:
  • Eligible students will be entitled for loans up to a capped amount.
  • Training Providers may charge above the loan cap for a course, and if so, students will be expected to pay for the difference up front according to the Training Provider’s billing period.
  • The amount you can borrow for your tuition fees is determined by the Australian Government and in most cases, there are three bands of VET Student Loan Caps ($5,264 / $10,528 / $15,793) set for each course. A VET Student Loan is only for tuition fees and doesn’t cover additional costs such as text books, materials, or accommodation.

Stanley College currently offers four courses under the VET Student Loans framework:
BSB50215 Diploma of Business 
Course Duration: 52 weeks*
Course Fee: $8,000
VET Student Loans ($5,264) + Student Contribution ($2,736)**
Career Opportunities: Executive Officer, Program Consultant, Program Coordinator

BSB51918 Diploma of Leadership and Management
Course Duration: 78 weeks*
Course Fee: $10,000
VET Student Loans ($5,264) + Student Contribution ($4,736)**
Career Opportunities: Business Manager, Human Resources Manager, Sales Team Manager

CHC50113 Diploma of Early Childhood Education and Care
Course Duration: 55 weeks^
Course Fee: $10,500
VET Student Loans ($10,500) + Student Contribution ($0)**
Career Opportunities: Early Childhood Educator, Day Care Centre Supervisor / Manager, Preschool Supervisor / Manager, Kindergarten Supervisor / Manager

^This course includes no holidays.

SIT50416 Diploma of Hospitality Management
Course Duration: 52 weeks*
Course Fee: $8,600
VET Student Loans ($5,264) + Student Contribution ($3,336)**
Career Opportunities: Banquet or Function Manager, Restaurant Manager, Bar and Cafe Manager, Club Manager, Motel Manager, Unit Manager (Catering Operations)

* Course duration includes holidays.
**Please note: Figures quoted are estimates and may vary.
The VET Student Loans program has strict citizenship, visa and residency requirements. It is not available for all Australian residents. To be eligible, students must be either:
  • An Australian citizen (If you are born on or after 20 August 1986 you will be required to supply additional evidence if you are using your birth certificate as evidence); OR
  • The holder of a permanent humanitarian visa who is usually resident in Australia; OR
  • A New Zealand Special Category Visa (SCV) holder who meets the long term residency requirements.
Please note - Other permanent residents/permanent visa holders are NOT eligible for a VET Student Loan.

You must be able to satisfy one of the following requirements:
  • Provide a copy of a Senior Secondary Certificate of Education that has been awarded to you by an agency or authority of a State or Territory for the completion of year 12; OR
  • Provide an International Baccalaureate Diploma Programme (IB) diploma; OR
  • Provide evidence of successful completion of a qualification that has been delivered in English and:
  • was at level 4 or above in the Australian Qualifications Framework (i.e. Certificate IV or higher qualification), or at a level in a framework that preceded the AQF that is equivalent to level 4 or above in the AQF; OR
  • has been assessed by a Federal, State or Territory government agency which assesses overseas qualifications (or an organisation contracted by such an agency to undertake such assessments) as equivalent or comparable to: a qualification at level 4 or above in the Australian Qualifications Framework, or a qualification at a level in a framework that preceded the AQF that is equivalent to level 4 or above in the AQF; OR
  • Approved LLN Test: If you cannot provide either of the above documents, you will be required to display competence at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy.
For Students Under 18 Years of Age:
For students that wish to apply for a VET Student Loan that are under 18 years of age, one of the following documents is required:
  • One of the signatories to the application must be a responsible parent of the student (by submission of the signed parental consent form from Stanley College); OR
  • A Centrelink Income Statement detailing that you have received Youth Allowance because you are deemed independent.
Additional Eligibility Requirements:
  • Australian Course – Your course must be primarily studied in an Australian campus; AND
  • Electronic Commonwealth Assistance Form (eCAF) – You must have submitted the eCAF form by the census day for the first unit of the course you are applying for funding for and no less than two business days after enrolling.^
^Please note: the census day is the last day you can apply for a VET Student Loan for that unit of study.
Students must be aware that VET Student Loans will not be approved for students who do not meet eligibility requirements and that a VET student loan gives rise to a VETSL debt that continues to be a debt due to the Commonwealth until it is repaid.
Eligibility Tool
    The Department of Employment, Skills, Small and Family Business has developed a new VSL Eligibility Tool. This tool will:
  • Help you to gauge whether you qualify for a VSL;
  • Provide additional information about what documentation you need to provide to Stanley College when you are applying for a VSL.
The VSL Eligibility Tool is available for prospective students to use on the MySkills website via VSL Eligibility Tool.
How to apply for VET Student Loans
To apply for a VET Student Loan you must complete the Request for a VET Student Loan eCAF on or before the census date; however, once you have enrolled in your course with Stanley College you must wait at least two full business days before you submit your eCAF. After two business days has passed Stanley College will register your interest with the Australian Government that you wish to apply for a VET Student Loan. At this point you will receive a log in and password to complete your eCAF. Please note: If you do not complete and submit your eCAF by the census date, you would be liable for all tuition fees payable for that fee period.
Student Obligations
The 'Department of Employment, Skills, Small and Family Business' has developed a new Student Obligations Fact Sheet aimed helping you understand VSL obligations regarding engagement with the eCAF system and Progression Forms. This is available at the following link:
Repaying your VETSL debt?
Your VET Student Loans debt forms part of your accumulated VETSL debt. You must start repaying your VETSL debt through the tax system once your income is above the compulsory repayment threshold, even if you are still studying. More information about VETSL debt repayments, including how the ATO calculates your compulsory repayment, is available at The threshold is adjusted each year and for the 2019-20 income year it is $45,881 or above. Repayments made through the Australian taxation system are called ‘compulsory repayments’ and continue until you have repaid your whole debt. How much you must pay back is calculated from the amounts given on your income tax return for:

  • Your taxable income,
  • Reportable fringe benefits (reported on your payment summary),
  • Total net investment loss (including net rental loss),
  • Reportable super contributions, and
  • Exempt foreign employment income amounts.
From 1 July 2017, anyone who has a VETSL debt, and earns above the minimum repayment threshold, will be required to repay their debt regardless of where they live, whether in Australia or overseas. Further information is available in the VET Student Loans Information Booklet.
Stanley College also offers full-fee courses. Please view our website or contact us at 9227 1797. Additional information on Vet Student Loans is available from
Additional information on VET Student Loans at Stanley College, including the Statement of Tuition Assurance for Exempt VET Student Loans (VSL) providers, is on the VET Student Loans Guide available to download on this page.
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