Capital Training Institue (CTIs) is a Commonwealth Government approved VET FEE-HELP provider.
Not all providers are approved to offer VET FEE‑HELP loans. You can only access VET FEE‑HELP at a registered training organisation, such as CTI, that has been approved under the Higher Education Support Act 2003 to offer VET FEE‑HELP to eligible students.
This means that you can be assured not only of the quality and integrity of CTIs courses, but also ensure that you don't miss your opportunity to study due to financial issues.
What is VET FEE-HELP?
VET FEE‑HELP is available to assist eligible students studying higher level vocational education and training (VET) qualifications to pay their tuition fees. Higher level VET qualifications are at the diploma level and above.
VET FEE‑HELP can be used to pay all or part of an eligible student’s tuition fees, but cannot be used for additional study costs such as accommodation or text books.
You can find out more by referring to the VET FEE HELP Information Booklet for 2015.
Am I eligible for VET FEE‑HELP?
You are eligible for VET FEE‑HELP if you:
are an Australian citizen or permanent humanitarian visa holder (resident in Australia for the duration of the unit);
have not exceeded the FEE‑HELP limit (see below); AND
meet course requirements as follows: - are a full fee-paying / fee for service student studying a diploma, advanced diploma, graduate certificate or graduate diploma level course at an approved VET FEE‑HELP provider; OR - are a student subsidised by a state or territory government (other than the Australian Capital Territory) studying a diploma or advanced diploma course; OR - are a student subsidised by the Victorian, South Australian, Queensland, Western Australian and New South Wales Government studying in a specified certificate IV course (nominated courses vary by state) as part of the Certificate IV Trial that concludes in December 2016; AND - are enrolled with an approved provider in an eligible unit of study by the census date for that unit. For more information regarding eligibility requirements, read the VET FEE‑HELP Information booklet, available on the Commonwealth Government's Study Assist website's publications page.
Can subsidised students access VET FEE‑HELP?
Yes, if the student is eligible and is currently subsidised by:
a state or territory government (other than the Australian Capital Territory) studying a diploma or advanced diploma course; OR
the Victorian, South Australian, Queensland, Western Australian and New South Wales Government studying in a specified certificate IV course (nominated courses vary by state) as part of the Certificate IV Trial (concluding in December 2016)
VET FEE‑HELP is currently only available for full fee paying students. ACT Government subsidised students will be able to access VET FEE‑HELP in 2015.
For further information regarding eligibility requirements for subsidised training, visit the respective state government websites as follows:
Victoria - Skills Victoria website
Queensland - Great skills, Real opportunities Program
New South Wales - Smart and Skilled
How much can I borrow?
Eligible students can borrow up to the FEE‑HELP limit to pay their tuition fees. The FEE‑HELP limit is the total amount available to eligible students under both the VET FEE‑HELP and FEE‑HELP loan schemes. This means that any amount you borrow under either VET FEE‑HELP or FEE‑HELP will reduce your FEE‑HELP balance (the amount of FEE‑HELP you have left to use) until you have reached the FEE‑HELP limit.
For 2015, the FEE‑HELP limit is $97,728 for most students. For students undertaking medicine, dentistry and veterinary science courses (as defined in the Higher Education Support Act 2003) the FEE‑HELP limit is $122,162.
The FEE‑HELP limit is a lifetime limit and is not reset or ‘topped up’ by any repayments that you make.
Is there a loan fee?
Yes, for some students. A 20% loan fee applies for VET FEE‑HELP loans accessed by full fee paying/fee for service students. The loan fee does not count towards your FEE‑HELP limit.
You will not incur the loan fee if you are a student who is subsidised by a state or territory government.
Will previous study or other debts affect my eligibility?
Any previous study you have undertaken, and any other financial debts you may have incurred will not affect your eligibility to access a VET FEE‑HELP loan. As long as you meet the above eligibility criteria and have enough of your FEE‑HELP limit (see above) left to cover your tuition fees, you will be able to access VET FEE‑HELP.
How do I apply?
Refer to the Ferderal Government's Study Assist website
To apply for a VET FEE-HELP loan, you will need a tax file number (TFN) and a Request for VET FEE-HELP assistance form CTI.
Before you sign and submit your form you must read the VET FEE-HELP information for 2014 booklet. The form will ask you to provide your TFN. If you don’t have a TFN, you can give your provider a Certificate of application for a TFN. This certificate is available from the Australian Taxation Office (ATO) after you have applied for a TFN. Contact the ATO on 13 28 61 for TFN information.
You must submit the signed and completed form to your provider by the census date or administrative date. If do not submit your form on or before the census date, you will not be eligible for a VET FEE-HELP loan.
How do I repay my VET FEE‑HELP loan?
See the Loan repayment page on the Commonwealth Government's Study Assist website for information on repaying your loan.