How to Become a VET Student Loans Provider

The VET Student Loans program commenced on 1 January 2017, replacing the VET FEE-HELP scheme, which closed to new students on 31 December 2016. This web page is the central point for links to resources and information on how to apply under the VET Student Loans Act 2016 to become an approved course provider for VET Student Loans (VET Student Loans Provider).

On 24 August 2017, Assistant Minister for Vocational Education and Skills, Karen Andrews MP, announced that the next application round for eligible organisations to apply to become a VET Student Loans Provider will open on 30 August 2017.

Information session

The information session was video recorded and is published below for interested organisations that were unable to send representatives to attend in person.

Eligible organisations and course provider requirements

To be approved, an organisation must demonstrate that it meets the course provider requirements set out in the VET Student Loans Act 2016 (Part 4, Division 1) and the VET Student Loans Rules 2016 made under the Act.

To meet the course provider requirements an organisation must meet certain threshold criteria including that it must:

  • be a body corporate that is not a trustee
  • carry on business in Australia and have its central management and control in Australia, and
  • be a registered training organisation (RTO).

An organisation must also be able to demonstrate that it meets all of the provider suitability requirements specified in the VET Student Loans Rules 2016 (Division 3) including requirements about:

  • financial performance
  • management and governance
  • experience and course offerings
  • student outcomes
  • workplace relevance.

VET Student Loans are available for higher level VET qualifications that are listed on the VET Student Loans (Courses and Loan Caps) Determination 2016. Eligible organisations must have a history of delivering at least one of the approved courses on this list.

Applicants should familiarise themselves with all of the course provider requirements and provider suitability requirements in the legislation prior to starting their application.

How to apply

In accordance with the VET Student Loans Act 2016, an application to be approved as an approved course provider must be in the form approved by the Secretary and be accompanied by the application fee.

The Secretary is not required to consider or decide an application that is not in the form approved or where the applicant has not paid the application fee.

For the purpose of the current application round commencing on 30 August 2017, the form approved for applications comprises:

In addition, an application must be lodged using the Department's HELP Information Management System (HITS) by 11.59pm on 26 September 2017 and each applicant must pay the application fee of $5,110 within 14 days after receipt of an invoice following lodgement of an application on HITS.

For organisations not currently registered for HITS, information about how to register to use HITS is set out in the Application Guide.

How to obtain the approved forms and Application Guide

To obtain copies of the Application Submission Outline and VSL Workbook, which must be completed and lodged using HITS for a valid application, interested organisations are required to complete an online enquiry using the form below and select the option "New VET Student Loans” under the drop down menu "reason for enquiry" and select “Other” in “What is your enquiry about?” drop down menu and type in “Application”.

This allows the Department of Education and Training to register each organisation's interest in applying and communicate with them during the application round.

In addition, the Application Guide below provides details about the information and format required for applications and is published here.

Application Fee

For the next application round opening on 30 August 2017 organisations will be required to pay an application fee of $5,110 to lodge an application.

The application fee is prescribed by the VET Student Loans (Approved Course Provider Application Fee) Determination 2017 made under section 31 of the VET Student Loans Act 2016, and assists with the recovery of the costs associated with processing and assessing applications. The amount of the application fee was determined in accordance with the Australian Government's Cost Recovery Guidelines and details regarding the methodology used to determine the fee are set out in a Cost Recovery Implementation Statement.

It is important to note that if an organisation fails to pay the application fee its application may not be assessed.

More information about how the Department of Education and Training will issue an invoice to applicants for payment of the application fee is contained in the application guide.

Legislation

VET Student Loans legislation documents are available at www.education.gov.au/vet-student-loans.

Contact us

To contact the Department of Education and Training about VET Student Loans and provider approval please submit the enquiry form below.

VET FEE-HELP Providers

The information collected on this form is to assist us in responding to your enquiry. The information you provide will only be used for the purpose for which you provided it and will not be disclosed without your consent, unless where authorised or required by law. Your contact details will not be added to a mailing list. Any information you provide will be treated in accordance with the Department's Website Privacy Statement.