VET Student Loans assistance is a loan from the Commonwealth. The loan will remain as a personal debt obligation until it is repaid to the Commonwealth. The loan may affect (by reducing) your take-home (after-tax) wage or salary, and may affect your borrowing capacity until the debt is repaid to the Commonwealth. Students are required to repay this loan through the taxation system once they earn $51,957 (until June 30, 2019 – after July 1, 2019 the threshold becomes $45,881).
This Commonwealth Government program allows you to access loans for courses that:
- have a high national priority
- meet industry needs
- contribute to addressing skills shortages
- lead to employment outcomes
Courses that are approved for a VET Student Loan, and the cap on the loan amounts that students can borrow per course, are set by the Australian Government. A full list of approved courses is provided in the VET Student Loans (Courses and Loan Caps) Determination 2016. Charlton Brown has been granted approved provider status to deliver the following qualifications under the VET Student Loan Program.