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VET Student Loans (VSL)

As a student with us, you may be eligible for a Commonwealth Government loan to assist with paying your studies.

VET Student Loans are available to eligible students enrolled in specific diploma, advanced diploma, graduate certificate or graduate diploma courses. FEE-HELP loans assist eligible fee-for-service students enrolled in higher education diploma or associate degree courses.

  • Student loans are income contingent loan schemes
  • VET Student Loans are for the Vocational Education and Training (VET) sector
  • FEE-HELP is a scheme in the Higher Education Loan Program (HELP).

VET student loans will not be approved for students who do not meet eligibility requirements.

The Australian Government pays the amount of the loan direct to SM TAFE, and you repay your loan through the Australian taxation system once you earn a wage equal to or higher than the repayment threshold.

For further information about VET student loans please see the Department of Education, Skills and Employment website.