VET Student Loans
Welcome to Yorke Institute’s VET STUDENT LOAN (VSL) Resource and Information Centre. The documents and information listed in the links below are accessible to all and without the provision of login information.
Yorke Institute is an approved and fully endorsed VSL provider by the Department of Education Skills and Employment (DESE).
A rigorous and extensive selection process by the Department ensures that only high quality providers and Institutions are approved to deliver the VSL Program.
The VET Student Loans (VSL) program assists eligible students who are citizens of Australia to pay their tuition fees for approved higher-level Diploma and Advanced Diploma courses that is currently on Yorke Institute’s Scope of Delivery as listed on Training.gov.au. and on the MySkills website.
For a full list of Yorke’s VET Student Loans eligible courses, download the 2022 Tuition Fee Schedule VET Student Loans – Eligible Courses and Loan Cap.
The VSL program is designed to not only provide financial support to eligible students undertaking higher level training in courses, but also addresses the critical skills shortages that many workplaces are now facing, particularly in the Aged Care, Community services, Allied Health Mental health and Disability sectors, thus creating better opportunities for employment.
Each VET Student Loan-eligible course has an associated loan cap amount. Eligible students are only entitled to loans up to the specified loan cap amount of each VET Student Loan-eligible course providing the student has not reached their maximum HELP loan limit.
Students pay back their HELP debt through the tax system once you earn above the compulsory repayment threshold. The compulsory repayment threshold is different each year. You can make a voluntary repayment to the Australian Taxation Office (ATO) at any time.
To be an eligible student for the purposes of accessing VET Student Loans, you must meet ALL of these criteria:
1. You are:
an Australian citizen, or
a qualifying New Zealand citizen (see information about NZ citizen), or
a permanent humanitarian visa holder, who is usually resident in Australia.
2. Your FEE-HELP balance is more than $0 and is sufficient to cover the amount you wish to access.
3.You are enrolled with an approved course provider in an approved course and have enrolled in accordance with the application requirements.
4. You are studying the approved course primarily at a campus in Australia.
5. You are studying the approved course primarily at a campus in Australia.
6. 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 read the VET Student Loans information booklet.
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.
VET student loan will not be approved for the students who do not meet the eligibility requirements set by department and Yorke Institute: and
that a VET student loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.
Please click here for more information.
The following information are important for you to read on VET Student Loan Resources
- Pre-Enrolment, Enrolment & LLN Policy and Procedure
- Student Withdrawal Process & Procedures
- Complaints and Appeals Policy
- Procedures for Cancellation of Enrolment
- Student FEE-HELP re-credit procedures
- Student Review Procedure
- Tuition Protection Processes
- Statement of Tuition Assurance
- Information Handling procedures
Other resources on VET Student Loans
- YouTube vidoes for an overview of the VET Student Loan program and your obligationsview the Department of Education, Skills and Employment’s YouTube video