The VET Student Loan (VSL) program helps eligible students enrolled in approved diploma-level courses or above pay the tuition fees of an approved provider like Swinburne.
How to apply
There are two steps to apply
1. Request a VET Student Loan from Swinburne for eligibility assessment
Complete the Intent to Apply for a VET Student Loan form by logging into My Finances.
For more information about applying for a VSL loan see our handy guide: How to manage your HELP assistance applications online [PDF 260KB].
We will send you an email requesting evidence of eligibility.
2. Complete the Government eCAF before the census date
We will advise you when you are assessed as eligible.
You will receive an email from the Government eCAF website providing access to complete your VET Student Loan form.
Make sure you complete the form on the Government eCAF website before your census date.
When should you apply for a VSL?
After you’re admitted into your course, you must wait two business days before you can submit your VSL request form.
You must meet all eligibility criteria and submit your Government eCAF prior to 11.59pm on your census date to complete the process.
If you are enrolled in more than one course, you must submit a request for each course.
Want to use a VET Student Loan to pay for your study?
To use a VSL to pay for your study, you must submit your Tax File Number (TFN) by the census date. If you don’t have a TFN, get it early by applying for one via the Australian Tax Office (ATO). Otherwise, if you miss your census date, you’ll not be able to use the loan for that study period.
We'll contact you about your VET Student Loan via your personal and Swinburne email or mobile phone. We may also send financial documents to your preferred postal address.
Your name, date of birth and sometimes your permanent address details are used to verify your Tax File Number and Unique Student Identifier. If at any time your TFN or USI become unverified you are ineligible for a VET Student Loan.
You must advise any change to your citizenship and residency details immediately to avoid future issues with your VET Student Loan.
Find out how to update your personal details.
Throughout your enrolment you will need to complete a VSL progression form through the Government eCAF system:
- every 4 months
- whenever your course status changes, for example if you withdraw or go on leave of absence or if you return to study after a break.
Swinburne will initiate the VSL progression forms in February, June and October and also if you withdraw from your course or undertake a formal leave of absence.
You may also request Swinburne to initiate a VSL progression at any time, if you miss submitting your scheduled progression or if you want to change your response.
When Swinburne initiates the VSL progression, you will receive an email from the Government eCAF system with the link and log in details.
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?
Once the census date passes, your VET Student Loan will be used to cover any unpaid fees for those units. If you want to cancel your VET Student Loan, pay for your units upfront, or withdraw from your course or withdraw from your units you must do so on or before the census date.
Make upfront payments
You can make payments towards your fees to reduce the amount of your VET Student Loan – before your census date.
Cancel your VET Student Loan
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.