What are VET Student Loans?
An Australian Government loan scheme for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP), VET Student Loans can assist eligible students undertaking certain VET courses of study (diploma, advanced diploma, graduate certificate and graduate diploma courses).
A VET Student Loan is a loan from the Commonwealth, which allows you to borrow money to help pay for the cost of an eligible training course. Other methods of payment can include payment plans or credit card. All fees are paid progressively throughout your course.
From January 2017, VET Student Loans replaces the previous VET FEE-HELP system. For information on these changes, please click here.
The loan is available to students who meet the eligibility criteria. To be eligible, a student must:
- Be an Australian citizen, a New Zealand Special Category Visa (SCV) holder who meets the long-term residency requirements, or a permanent humanitarian visa holder.
- Have not exceeded the personal FEE-HELP limit.
- Provide your Australian Year 12 Certificate; OR evidence of successful completion of an AQF Certificate IV or higher (where the language of instruction is English); OR display competence at Exit Level 3 in the Australian Core Skills Framework in both reading and numeracy through an approved test. (BCA National can provide an ASCF test to you if required)
- Meet the Tax File Number (TFN) requirements.
- Have a Unique Student Identifier (USI).
- Have read the 2017 VET Student Loans information booklet.
As it is a loan, a VET Student Loan will remain a personal debt in your name until it is repaid to the commonwealth. The loan may, until it is repaid, reduce your after-tax wage or salary, and may reduce your borrowing capacity. As with any loan, you may wish to seek independent financial advice before you take out a VET Student Loan. Students who do not meet the eligibility requirements above will not be approved for a VET Student Loan.
Information on our entry procedures and the process of applying for a VET Student Loan is available here: VET Enrolment Procedures
The VET Student Loan amount will be paid to your training provider in several stages, reasonably divided across a number of fee periods. Each fee period will include at least one census day- see 'Census dates', below, for more information. If you withdraw from a course or from part of a course before the census day, you will not incur a VET Student Loan debt for the course or part of the course you have withdrawn from, and will receive a refund for the tuition fees already paid for the course or parts of the course that you have not yet taken.
During the course, you may be required to communicate your agreement that your VET Student Loan continue to be used to pay your course tuition fees.
Please let your Training Coordinator know of any change in your contact details.
What happens if I am not eligible for VET Student Loans?
Students who are ineligible for VET Student Loans can opt to pay for their own tuition fees. Payment plans are available and our Admissions Team can advise you on a suitable plan to meet your needs.
Please note: If you opt to pay for your own tuition fees, BCA National cannot accept payment of more than $1,000 from you prior to the commencement of your chosen course. After your course starts, any outstanding tuition fees will be divided into equal instalments for the duration of your payment plan so you do not pay more than $1,500 in advance for training yet to be delivered.
How much can I borrow for my course?
There is a maximum amount that you can borrow as a VET Student Loan to pay for an eligible course. The amount which can be borrowed varies depending on the course that is being taken. The amounts which can be borrowed for eligible courses that are offered by BCA National are:
|Course||VET Student Loan Limit||Course Cost|
|Diploma of Sport Development SIS50612||$10,150||$11,000|
The amount that you can borrow on a VET Student Loan cannot exceed your remaining FEE-HELP balance or exceed the loan limit set for each qualification.
For 2018, the maximum FEE-HELP amount that can be borrowed is $102,392 for most students. The FEE-HELP limit is a lifetime limit that represents the maximum total of funds that can ever be loaned to you by the Commonwealth towards your higher education costs. Even when you have repaid a FEE-HELP loan, the amount borrowed still counts against your overall FEE-HELP limit.
After administration costs, the debt that you incur for your VET Student Loan may be up to 120% of the loan amount.
Tuition costs for BCA National's courses are available here: Schedule of Fees for 2018
Tuition fee payments paid through your VET Student Loan are taken after each census date. The census dates for BCA National courses are listed below.
For a 12 month Course (program) there are 4 units of study and 4 census dates. When you enrol in a course you will be enrolled in all the UOS required for that qualification. Should you wish to withdraw please notify your Training Coordinator immediately – follow the withdrawal process.
The census date falls on day 19 of each unit of study. If census occurs on a non-business day, you will have until COB on the next business day after your census to withdraw.
- The first unit of study (Unit of Study 1) starts on the commencement date (day 0)
- The second unit of study (Unit of Study 2) starts on day 92 from the enrolment start date
- The third unit of study (Unit of Study 3) starts on day 184 from the enrolment start date
- The fourth unit of study (Unit of Study 4) starts on day 276 from the enrolment start date
For further information or to enrol, please email our Admissions Team or call us on 1300 66 58 43.
The procedures for withdrawal from a BCA National course and the cancellation of enrolment are available here:
- Statement of Tuition Assurance (2017)
- Statement of Tuition Assurance (2018)
- University Articulation & Credit Transfer Agreements
- Student Handbook
- VET Student Loans Information Booklet
- BCAP0005 Complaints and Appeals Policy
- BCAP0008 Refund policy
- BCAP0011 General Misconduct and Harassment Policy
- BCAP0090 Academic Misconduct Policy
- BCAP0091 Course Progress and Attendance Policy
- BCAP0093 Changes to Registered Providers Ownership or Management Policy & Procedure
- BCAP0095 Deferral Suspension and Cancellation Policy
- BCAF0054 Withdrawal form
- BCAF0085 Special Circumstances Application Form
- P0017 Formal Complaint Process
- P0018 Student Academic Appeal
- P0046 BCA Initiated Student Withdrawal - VSL & Online
- P0066 Entry and Enrolment of VSL
- Schedule of Fees for 2018 (domestic courses)
- Unit of Study Guide (for Diploma and Advanced Diploma Courses)