What is VET Student Loans?
VET Student Loans is a government loan scheme that allows you to pay for your tuition fees for certain qualifications as you study and re-pay the loan back later once your income exceeds $54,435 (based on 2024/25 financial year).
VET stands for Vocational Education and Training and Aurora Training Institute has a selection of VET Student Loan approved courses for you to choose from.
Are you eligible for VET Student Loans?
To receive a VET Student Loan, you must:
- be an eligible student
- be studying an approved course
- be studying with an approved course provider
- apply to the government using the approved form, which will be managed through your provider, and
- submit Progression Forms to confirm your ongoing engagement with your studies, and continue accessing the loan throughout your course.
To be an eligible student, you must meet ALL of these criteria – further detailed below.
You are:
- an Australian citizen, or
- a qualifying New Zealand citizen, or
- a permanent humanitarian visa holder, who is usually resident in Australia or
- a pacific engagement visa holder who is usually resident in Australia.
Your HELP balance (the amount of your HELP loan limit you have left) is more than $0. This means you have enough HELP loan limit remaining for your proposed studies to be covered by the loan. The HELP loan limit is the limit on how much you can borrow. Any borrowing under FEE-HELP, VET FEE-HELP, VET Student Loans and, from 1 January 2020, HECS-HELP will count towards your HELP loan limit.
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.
For additional information on eligibility, please refer to the VET Student Loans Information Booklet.
For further information on the VET Student Loans program, visit the Department of Employment and Workplace Relations website.
