VET FEE-HELP METAMORPHOSING TO VET STUDENT LOANS
On 5th October 2016 the Commonwealth Education Minister, Simon Birmingham, announced the death of VET FEE-HELP as we know it. While VET FEE-HELP is being phased out during 2017 it will be replaced by a new program known as "VET Student Loans".
VET Student Loans will have a number of features that are new to this scheme:
It is expected that applications to become a provider in the new program will commence in late-2016 to early-2017. New approval arrangements will assess an applicant's relationships with industry, assess student completion rates and employment outcomes, evaluate any articulation with higher education providers and appraise a provider’s track record of delivering education and training.
The application process will see providers assessed against a range of criteria including:
Consult Ed stands ready to support eligible RTOs prepare their applications to become an approved provider under the new scheme. We can assist you by:
We have assisted over 100 RTOs to gain approval as a VET FEE-HELP Provider under the previous arrangements, so if you would like some assistance with the new application process, perhaps we can help you.