VET Student Loans

VET Student Loans commenced on 1 January 2017, replacing the VET FEE-HELP, which ceased on 31 December 2016.

What is VET Student Loans?

The Australian Government is committed to increasing productivity, addressing skills shortages and assisting with the cost of studying. One of the measures that achieve these goals is the availability of VET Student Loans.

VET Student Loans assists eligible students undertaking certain VET courses of study with an approved VET provider, to pay for all or part of their tuition costs. A VET provider is a registered training organisation who has been approved by the Australian Government to offer VET Student Loans assistance to their students.


To access VET Student Loan you must be an eligible student. To find out if you are eligible, see the VET Student Loan website for full details of eligibility requirements:

»Click Here

To be an eligible student, you must meet ALL of the criteria detailed below. You are:

  • an Australian citizen, or
  • a qualifying New Zealand citizen1 , or
  • a permanent humanitarian visa holder, who is usually resident in Australia.
  • Your FEE-HELP balance (the amount of your FEE-HELP limit you have left) is more than $0.
  • You are enrolled with an approved course provider in an approved course and have enrolled in accordance with the application requirements.
  • You are studying the approved course primarily at a campus in Australia.
  • You have been assessed by your approved course provider as academically suited to undertake the approved course on the basis of either:
    • providing your Australian Year 12 Certificate; OR
    • providing evidence of successful completion of an Australian Qualifications Framework Certificate IV or higher qualification (where the language of instruction is English); OR
    • displaying competence at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy through an approved Language, Literacy and Numeracy test. In addition, your approved course provider must reasonably believe you show competence in completing the course.
  • You meet the Tax File Number (TFN) requirements.
  • You have a Unique Student Identifier (USI) or are otherwise exempt.
  • You have given the required documents to your approved course provider and submitted the loan application form by the first census day no less than two business days after enrolling.


If you are eligible for VET Student Loans assistance and would like to apply, you should contact Melbourne College of Hair and Beauty (MCOHB) who will assist you in applying by confirming your eligibility and providing you with the VET Student Loan information booklets and Request for a VET Student Loan eCAF by the census day.

Once you have read the VET Student Loans Information for 2017 then, complete the Request for a VET Student Loan eCAF by the census day. You should contact us if you are unsure how to complete any of the above.

If you do not complete the eCAF, or other permitted form, by the required date for your course, you will have to wait until the next study period to request a VET Student Loan for future study.

VET Student Loans information for 2017:

»Click Here

Fees and Charges

The applicable fees for January to June 2017 are available in the link below. The Cap for the courses is set by the Government at $10,000 – this is the most you can borrow for a particular course at the College.

A 20% loan fees applies to VET Student Loans for full fee paying/ fee for service students. You do not pay the loan fee if you are a student who is subsidised by a State or Territory government. The loan fee does not count towards your FEE-HELP limit.

For further information about VET Student Loans debt please see the below link:

»Click Here


Your VET Student Loans debt forms part of your accumulated HELP debt. You must start repaying your HELP debt through the tax system once your income is above the compulsory repayment threshold, even if you are still studying.

The threshold is adjusted each year and for the 2016-2017 income year it is $54,869 or above. Repayments made through the Australian taxation system are called ëcompulsory repaymentsí and continue until you have repaid your whole debt. Visit for more information.

Student Withdrawal

Withdraw correctly by the census day and avoid a VET Student Loans debt.

Students are strongly advised to read the Collegeís Refund Policies & Procedures for Student Refunds and Student Review for Re-credit which are linked below on this page. In accordance with VET guidelines, students will not be charged any fine, penalty or fee for withdrawal. There are no administrative or financial barriers imposed on students who wish to withdraw prior to the Census date. Students will not remain enrolled from the date of notification of withdrawal or cancellation and if a student wishes to enrol in subsequent VET units of study they must re-enrol in accordance with the Collegeís enrolment procedures.

Further Information

For more information on VET Student Loans visit »Click Here or contact Melbourne College of Hair and Beauty (MCOHB) directly.

For more information about VET Student Loans including eligibility, applying and loan limits download and read the VET Student Loans information booklet »Click Here


Student Review for Re-credit

Student Grievances

Statement of VET Tuition Assurance

Student Refund ñ VET FEE-HELP

Personal Information Privacy

Fair Treatment Equal Opportunity

Course Fee Schedule - 2016

Course Fee Schedule - 2017 (January to June)

Course Fee Schedule - 2017 (July to December)