You may be eligible for a VET Student Loan if you’re studying a diploma, advanced diploma, graduate certificate or graduate diploma.
If you’re learning certainly one of our degree level courses, VET figuratively speaking do not use. To find out more in what you might qualify for relate to FEE-HELP or HECS-HELP.
A VET Student Loan is that loan through the Australian Government that helps qualified pupils spend their tuition charges. Your loan is paid back through the Australian taxation system once you reach the minimum income threshold for repayment. The income that is minimum for repayment is scheduled by the Australian national each 12 months and it is posted on research Assist. Repayments carry on until such time you have actually paid back your complete financial obligation.
You will need to remember that your loan will continue to be your own financial obligation it may reduce your take-home (after tax) wage and your borrowing capacity until it is repaid and.