What is the VET Student Loans program?

The VET Student Loans program is an Australian Government loan program that helps eligible students enrolled in approved courses at diploma level or above, at approved course providers pay their tuition fees. The loan has income-contingent repayment arrangements, which means you only need to make repayments if you are earning above the minimum repayment threshold. You can make voluntary repayments at any time. 

If you are an eligible student, the Department of Education and Training (the department) may approve your VET Student Loan for an approved course. The department will pay your loan directly to your approved course provider. You will be responsible for any gap amount in the tuition fees, which are not covered by the loan. You will owe a debt to the Australian Government for the loan, which will be managed by the Australian Taxation Office (ATO).

The Department of Education, Skills and Employment have developed simple resources and videos that will help you understand the process better. Click here.

VSL Fact Sheet [Ver1. 2019] VSL Fact Sheet [Ver1. 2019] (303 KB)

Am I eligible?

To receive a VET Student Loan, you must:

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

In order to apply for a VET Student Loan you must provide current and updated evidence against each of the following criteria (prior to enrolment). Otherwise, you will be liable to pay the full cost of your course.

Please note: Centrelink benefits do not affect your eligibility or the loan amount you can access.

* A qualifying New Zealand citizen is a New Zealand citizen who meets all of the following:

** If your qualification is from overseas, then the certificate provided must be a letter or certificate issued by a Federal, State, or Territory government agency which assesses overseas qualifications and which shows that your qualification has been determined to be equivalent or comparable to a qualification in the Australian Qualifications Framework at level 4 or above.

Important Information for Student

Eight important points you must read!

1 Your VET Student Loan becomes part of your Education Loan Program (HELP) debt and must be paid back at the relevant repayment rate when your repayment income is above the compulsory repayment threshold. The compulsory repayment threshold is adjusted each year and is $51,957 for the 2018-19 income year. For the 2019-20 income year, beginning 1 July 2019, the threshold will be $45,881.
2 At least twice each calendar year for the duration of your course, you are required to confirm your continued engagement in your course of study. Your approved provider will manage this engagement and progression activity using the Department of Education and Training’s electronic Commonwealth Assistance Form (eCAF) system. Your ongoing access to a VET Student Loan is dependent upon you demonstrating that you are still engaged in and progressing through your course.
3 You will incur your liability to pay tuition fees for each part of your course on the census day for that part of your course.
If you do not wish to incur a liability for that part of the course you must withdraw your enrolment in that part of the course, before the census day. You must withdraw in writing and in line with your approved course provider’s withdrawal procedure.
5 Full fee paying/fee for service students will incur a 20 per cent loan fee on their VET Student Loan. Students enrolled in a diploma and advanced diploma level course whose enrolment is subsidised by a state or territory government do not incur a loan fee.
6 You must meet the eligibility criteria to be eligible for a VET Student Loan. You will need to supply information to your provider to prove that you meet the eligibility criteria.
7 The amount of a VET Student Loan for a course is capped. The loan may not be sufficient to cover all the tuition fees for a course. Your education provider must send you a written notice of the amount of your course tuition fees covered by the loan and any gap fees required to be paid by you. The information must be sent to you by the first census day for your course. You are responsible for paying the gap fee as you progress through your course.
8 Information about tuition fees covered by the VET Student Loans program, any other fees payable for the course, and information on how to withdraw before the census day without incurring fees, will be provided to you by your provider prior to your enrolment.

For further information please refer to   

2020 Information Booklet (VET Student Loans) 2020 Information Booklet (VET Student Loans) (996 KB)

Census Dates/Tuition Fees

The census date for a unit of study is the last day a student can submit their request for a VET Student Loan eCAF to defer their tuition fees through the VET Student Loans program. If you have not submitted a completed eCAF on or prior to the census date, you WILL NOT be entitled to a VET Student Loan for the current unit(s).

A census date is the date by which enrolment may be cancelled without incurring tuition fees for the course or part of the course.

Census dates cannot be set any earlier than 20% of the way through the period in which a unit is undertaken (this period includes any examination/assessment periods). Census dates cannot be extended.

Upon confirmation of your intake, you will be provided with a schedule including Units of Study start dates, end dates and census dates specific to your intake.

Below is a list of the New Futures Training Fees Schedule including Census dates. 



Student entry process

Before enrolling a student in a given VSL eligible course New Futures Training must determine that the student is “academically suited” to the course.

Please refer to below listed VET Student Loans Student Entry Procedure which specifies how New Futures Training will determine “academically suited “students.

VSL Student Entry Procedure VSL Student Entry Procedure (775 KB)

Equal and fair treatment of students

New Futures Training seeks to create a learning environment where all students are respected and can develop their full potential. All students are given fair and reasonable opportunity to attend and complete training.

New Futures Training treats all prospective students equally and fairly. We have implemented open, fair and transparent policies that are based on merit for making decisions.

Equal and Fair Treatment of Students Seeking to Enrol Policy Equal and Fair Treatment of Students Seeking to Enrol Policy (841 KB)

Determining Student Suitability and Enrolment Determining Student Suitability and Enrolment (724 KB)

Student withdrawal

New Futures Training ensures that its administrative processes support the provision of assistance to all students withdrawing from their study.

Students paying for their course through a VSL loan can access VSL Student Withdrawal Policy and Procedure at any time here:

VSL Student Withdrawal Policy and Procedure VSL Student Withdrawal Policy and Procedure (753 KB)

Student review procedures

Our review processes and procedures ensure that a student is not victimised or discriminated against for:

New Futures Training is committed to providing an effective, efficient, timely, fair and confidential academic grievance and non-academic grievances handling procedures for all VSL students.
A complaint or grievance may be about an Academic or Non-Academic matter.

For full details please access VSL Student Grievance Procedure

VSL Student Grievance Procedure VSL Student Grievance Procedure (910 KB)

Statement of Tuition Assurance

Tuition assurance protects students in the event a course provided by an approved VSL provider ceases to be provided after it starts but before it is completed. Affected students are offered a replacement course with another provider and where this is not possible, the students’ FEE-HELP balance for the affected part of the course will be re-credited. Details on the process and full statement to be accessed here Statement of Tuition Assurance for Exempt VSL Providers:

Statement of Tuition Assurance for Exempt VSL Providers Statement of Tuition Assurance for Exempt VSL Providers (800 KB)

Privacy and information handling

New Futures Training is committed to protecting the privacy of students through responsible handling of personal information gathered from them. New Futures Training allows student to apply for and receive a copy of the VET personal information that New Futures Training holds. New Futures Training will take every reasonable step to make sure that the personal information it collects uses or discloses is accurate, complete and up to date.

Full details are to be found in these relevant policies:

Privacy Policy Privacy Policy (898 KB)

Data Control and Record Keeping Policy Data Control and Record Keeping Policy (834 KB)

An RTO can only deliver qualifications that are in their scope of registration.
For course details, please see the scope of registration for New Futures Training at www.training.gov.au

VICSEG New Futures trading as New Futures Training (TOID 21203)