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VET Student Loans

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The VET Student Loan (VSL) program is an Australian government loan program available to eligible students. VSL assists students in paying for their course tuition fees upfront for approved Diploma level courses.


This loan replaced the Vet Fee Help Program (VFH) as of 2017.
The federal government applies a one-off 20% loan fee to your loan amount and results in a HELP debt to be repaid to the government through the taxation system once you reach the compulsory threshold, even if you are studying. The debt is incurred once you reach your census day for each part of your course.

The Australian Retail College is a government-approved Vet Student Loan (VSL) provider. If you are interested in completing a Diploma qualification, then you can Study Now and Pay Later using VSL.

See below for more information and contact our course consultants at 1300 001 826 to see if VSL if right for you.

The Commonwealth Government pays your Tuition Fees directly to the Australian Retail College on your behalf.

Am I Eligible for VSL?

To apply for a VET Student Loan, you must meet:


  • citizenship and residency criteria (be an Australian Citizen, qualifying New Zealand Citizen or permanent humanitarian visa holder who is usually resident in Australia. See tab below for further information)

  • the government’s academic suitability requirements (See tab below for further information)

  • be studying with an approved course provider

  • be studying an approved course

  • apply using the approved Electronic Commonwealth Assistance Form (eCAF)

  • Confirm your commitment throughout the duration of your course to continue to access the loan.

  • have a fee balance more than zero ($0)

  • be eighteen (18) years of age or older unless you have a parental consent form signed by a responsible parent, or can satisfy being independent under the Social Security Act 1991, and can provide evidence on Centrelink Income Statement

  • meet TAX File number requirements

  • Have or obtain a Unique Student Identifier (USI)

  • Supply the required evidence/documentation to submit loan application

  • Submit the application form by the first census date or no less than two (2) business days after enrolling.

Eligibility and Citizenship Requirements

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