The current VET FEE-HELP scheme will be replaced by VET Student Loans to ensure students and employers can trust the approved vocational education providers and the value and quality of the courses on offer.
Announced 5 October by Minister for Education and Training Simon Birmingham the new program will focus on protecting students, weeding unscrupulous providers out of the sector, and restoring integrity to Australia’s vocational education and training system.
Future business and industry employment requirements have also been considered. This means that students who study a course supported by VET Student Loans know they are getting the skills they need for a job and a pathway to employment or to increasing employment opportunities.
TAFEs, public providers and Australian universities (that are currently approved as VET FEE-HELP providers) will automatically transition to the new program while private providers will be required to meet a range of quality measures to be granted access..
Students currently studying under the existing VET FEE-HELP scheme will receive support and advice around maintaining their VET FEE-HELP assistance until the end of 2017.
A range of information on the new program and the transition from VET FEE-HELP is available from the VET Student Loans page of the Department’s website.
For further information email VETStudentLoans@education.gov.au or call the HELP Student Enquiry Line on 1800 020 108.