The VET Student Loan (VETSL) program helps eligible students enrolled in approved diploma-level courses or above pay the tuition fees of an approved provider like Swinburne.
When should you apply for a VETSL?
After you’re admitted into your course, you must wait two business days before you can submit your VETSL request form.
If you are enrolled in more than one course, you must submit a request for each course.
To request a VET Student Loan you must complete the Intent to Apply for a VET Student Loan form by logging into My Financials.
For more information about applying for a VETSL loan see our handy guide: How to manage your HELP assistance applications online [PDF 260KB].
Want to use a VET Student Loan to pay for your study?
To use a VETSL to pay for your study, you must submit your TFN by the census date. If you don’t have a TFN, get it early by applying for one via the ATO site. Otherwise, if you miss your census date, you’ll not be able to use the loan for that study period.
Managing, maintaining and remaining eligible for the VETSL
VET Student Loan fee notices
Before each census date we will send you a VET Student Loan Fee Notice which details the fees that will be deferred to your loan.
We will also send you a Commonwealth Assistance Notice after the census day to confirm the amount of loan debt you have incurred.
Changed your mind?
If you no longer want to pay your unit fees using a VET Student Loan, you must notify us by emailing studentHQ. If you choose to cancel your VET Student Loan, you must pay the fees for all units not covered by the VET Student Loan by the due date.
Keep your contact details up to date
We'll contact you about your VET Student Loan via your email or mobile phone. We may also send financial documents to your preferred postal address. Find out how to update your personal details.
If you are eligible for a VET Student Loan we will submit your request to the government via the Electronic Commonwealth Assistance Form (eCAF). The government will communicate with you via your personal email and provide you with an access code and link to eCAF.
You must complete the Government eCAF to be assessed for the loan.
To receive a VET Student Loan, the Government requires you to confirm your engagement and progression throughout your course by doing the following:
- You must submit the progression form in the Government eCAF system.
- You will receive your first progression invitation at least 4 months after commencing your VET Student Loan.
- An invitation email with login details will be sent to your personal email address.
- You will log into the Government eCAF system, select the appropriate course status relevant to you and answer a short survey that will take about 3 minutes.
- You will continue to submit progression forms every February, June and October throughout the duration of your study.
- If you have a loan for more than one course then you will need to complete a progression form for each course.
- If you do not complete the survey, or if you answer in a way that indicates you no longer need the VET Student Loan, then you will be withdrawn from current and future enrolments. Refer to the fee withdrawal policy for more information.
- You have 14 days to complete the progression form. However, if you missed the deadline or if you made a mistake in the way you responded on the form contact us! We can initiate a new Progression form immediately. Once submitted correctly your VET Student Loan eligibility continues and you can continue study using the VETSL to defer your fees.
- Remember, if you wish to cancel your VET Student Loan and make other arrangements to pay your fees, you must tell us in writing. Email email@example.com.
For further information about your VET Student Loan Progression requirement and FAQs refer to the Australian Government website.
You must remain eligible for a VET Student Loan throughout your course. If you become ineligible and haven’t formally cancelled your VET Student Loan in writing, Swinburne may withdraw you from current and future units of study.
The following situations will mean you are no longer eligible for a VET Student Loan:
- Your Tax File Number and personal details can no longer be validated by the ATO.
You may have changed your name or contact details at Swinburne or when submitting your tax return, which has caused a mismatch. We will contact you if your TFN fails verification.
- You have not submitted one or more Government eCAF Progression forms.
Contact us. We can initiate a new Government eCAF Progression form and advise you how to best respond to ensure continued eligibility.
- Your contact details are not up to date.
We need to report correct residential address and personal email address details to the government and to use in official VETSL communications to you.
- You have become a Permanent Resident, or had a citizenship or residency change
You must advise any change to your citizenship and residency details immediately to avoid future issues with your VET Student Loan. If you change your citizenship and residency status, you may become ineligible for the loan. Check the eligibility requirements in the VET Student Loan handbook, or contact us for information on 1300 794 628.