The Australian Institute of Fitness (RTO ID 121508) are not currently accepting new enrolments for VET FEE-HELP, due to changes in legislation.
If you are interested in discussing our flexible payment options, we encourage you to enquire with your local campus and speak to one of our Careers Gurus. For students enrolled prior to 16th December 2015, provided your paperwork is complete and you meet the eligibility criteria, your loan will not be affected.
What is VET FEE-HELP?
VET FEE-HELP is an Australian Government loan scheme to help students pay for all or part of their tuition fees. It is available for Diploma level qualifications and above.
To be eligible for the Institute’s VET FEE-HELP you must:
- Be an Australian citizen or permanent humanitarian visa holder (resident in Australia for the duration of the course)
- Be a full fee-paying student studying one of our diploma courses
- Have not exceeded the FEE-HELP limit
- Have a tax file number or a certificate of application
How does it work?
Students are able to defer the full cost of their course on VET FEE-HELP, and do not have to repay the loan until they begin earning an income above the repayment threshold. The minimum repayment threshold for compulsory repayment is adjusted each year. In the 2015-16 income year, you will be required to make a compulsory repayment if your income is $54,126 or above.
There is a lifetime limit to funding known as the FEE HELP limit/balance, meaning as long as the student has not reached their limit in HELP loans (or HECS) then they are eligible. In 2015, the FEE-HELP limit is $99,389.
There is a 20% fee applicable to the loan, which can be included in the debt.
Our team of course and career gurus are ready to assist with your enquiry.
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