VET Student Loans (VSL)

What is the VET Student Loans program?

VET Student Loans (VSL) is an Australian Government program that helps eligible students cover tuition fees for approved diploma-level and above vocational education and training (VET) courses. Learn more at education.gov.au.

Am I eligible for a VET Student Loan?

You must be an Australian citizen or permanent humanitarian visa holder, meet academic requirements (e.g. Year 12 or equivalent), and be enrolled in an approved course with an approved provider. Full criteria are listed on the StudyAssist website.

Does the loan cover my entire course cost?

VSL caps apply, meaning the government will only loan up to a certain amount per course. If your tuition fees exceed the cap, you will need to pay the difference directly to the provider.

How do I apply for a VET Student Loan?

After enrolling in an eligible course with a VSL-approved provider, you’ll receive a loan application form (eCAF) through the government system. You must complete it before the census date to access the loan.

Will I have to repay the VET Student Loan?

Yes, repayments are made through the tax system once your income reaches the repayment threshold (currently $51,550 per year). Visit ATO.gov.au for the latest threshold and repayment info.