Different loans and discounts are available depending on your course level.
VET FEE-HELP loans
A VET FEE-HELP loan is a way for vocational education students to borrow the funds for their education as a personal loan from the Australian Government. This loan is repaid later through the tax system. Failure to make repayments can affect your future borrowing ability.
If you are enrolling in a diploma or advanced diploma, (government subsidised and full fee paying) graduate certificate, or graduate diploma (full fee paying only), you may be eligible to apply for a VET FEE-HELP loan. Certificate IV level courses are eligible for the rest of 2016, but will not be eligible from 1 January 2017.
Most students studying for a certificate are not eligible for VET FEE-HELP.
Victorian Training Guarantee (VTG) subsidies
The Victorian Training Guarantee helps people who qualify by significantly reducing the course cost.If you do not qualify under the VTG, you can still pay for the cost of your course with a VET FEE-HELP loan, if eligible.
The amount of your fees varies, depending on the course you are studying and whether you are eligible for any concessions. You can get an estimate of your total course cost by checking the indicative course fees.
To find out the exact amount you need to pay, log in to My Financials and view your Statement of Account. This always shows the current calculation based on your enrolment.
Note: Be sure to check your eligibility for any fee concessions related to your VE course – such as those available under the Victorian Training Guarantee – and ensure you apply when you enrol.
Note: The cost of your tuition fees as shown on your Statement of Account may not match the cost outlined on your letter of offer.
This is because your Statement of Account always shows the most current information and won’t reflect any loans, concessions or discounts, or changes to your enrolment until you have formally applied for them.
How do I pay?
You can pay your tuition fees for each teaching period up-front, partially, or defer the whole amount.
Pay via a VET FEE-HELP loan from the government
If you’re studying for a diploma, advanced diploma or associate diploma, you can usually receive a VET FEE-HELP loan to pay your tuition fees.
If you’re eligible for a VET FEE-HELP loan, you start paying back the loan to the government once your income reaches the minimum repayment threshold. This threshold is adjusted each year by the government.
With VET FEE-HELP, you have the option to make a partial payment and have the balance deferred, or to defer the whole amount.
If you wish, you can pay the full amount of your tuition fees up-front in each teaching period.
online via BPay (Biller Code 334193) – register with your bank or financial institution
online via Post Billpay (Billpay code 2299) – use the website or smart phone app. You can also phone 13 18 16, or pay in person at any post office. Your reference number is on your Statement of Account
studentHQ – pay in person on campus 9am to 5pm weekdays using credit card, EFT or cheque (cash is not accepted).
Note: If your account is overdrawn, you will be charged a $100 dishonour fee each time.
If you have paid online through My Financials, you can get copies of your receipts at any time. Just log in and print one off.
For other payment methods, you will receive a receipt when you pay, except with BPAY. BPAY payments can be viewed on your bank statement.
You pay your fees progressively as you complete your course. Your Statement of Account and Tax Invoice provide you with details of when your payments are due.
To help you manage your payments, you only pay for the units you’re enrolled in during each teaching period, not the whole course all at once. This is similar to a payment plan. You can view your Statement of Accounts and Tax Invoice at any time by going into My Financials.
To avoid penalties, you need to pay your fees by the due date on your Statement of Account and Tax Invoice, which is before the census date.
Penalties for non-payment of fees include restricted access to your results and possible enrolment cancellation. If you have fees owing, you will not be allowed to graduate or receive any academic transcripts.
How to withdraw from a unit/s or your whole course
If you need to withdraw from your unit/s or course, make sure you do it before the census date.