Are you eligible for a VET Student Loan?

Check the Australian Government’s VET Student Loan information for students. It's important to note that VET Student Loans are only available to students in approved courses at the diploma level and above.

Before you apply

Under 18?

You'll need to complete the VET Student Loans Parental Consent Form and email it to citizenship.identity@rmit.edu.au.

How to apply

Step 1. Let us know if you intend to apply for a VET Student Loan

You’ll be prompted to indicate if you intend to access a VET Student Loan when you enrol in Enrolment Online. Refer to the VET Student Loan opt-in email sent to your RMIT email address for more information.

Step 2: Meet all eligibility requirements

Before applying, you must ensure that you meet all the eligibility requirements for a VET Student Loan. Check your VET Student Loan checklist in Enrolment Online (via My student record > Financial details > Manage Commonwealth assistance and optional loans).

Step 3: Log in to the government portal

The Department of Education and Training will email you with instructions about how to log in to the portal.

Step 4. Enter your Tax File Number

Enter your TFN or Certificate of application for a TFN.

Can’t validate your TFN?

If you get an email advising of problems with your Tax File Number, follow these instructions.

Step 5: Submit your application via the government's eCAF portal

Submit your application in the eCAF portal before your first census date.

Step 6: Know your VET Student Loan Program Cap

The Australian Government sets a VET Student Loan ‘Program Loan Cap’ for your program. This is the maximum amount of tuition you can defer to your VET Student Loan for this program, and includes any study in the same program at a different provider.

Once you reach your loan cap, you'll need to pay any remaining tuition fees by the due date.

Caps are indexed annually. For more information, go to VET Student Loans Course Caps Indexed Amounts.

 

Step 7. Submit your VET Student Loan progression forms

You must complete all progression forms issued by the Government. They're issued in February, June and October of each year.

The Department will send an email to your nominated email account when it's time to complete your progression forms.

For more information, go to VET Student Loans – Student engagement and progression FAQs.

If you don’t submit your progression forms, your VET Student Loan will be cancelled, and you’ll need to pay your tuition fees to RMIT.

Step 8. Know and track your loan limit

There's a combined limit to how much you can borrow under VET Student Loans, FEE-HELP and VET-FEE-HELP. This is a lifetime limit.

How to check your loan balance
  • Log in to Study Assist using your Commonwealth Higher Education Student Support Number (CHESSN) and follow the links to myUniAssist. Your CHESSN is listed on your Commonwealth Assistance Notice (CAN) in Enrolment Online.
  • To calculate your current balance, add any courses you’re currently enrolled in.

If you’ve reached your loan limit, you’ll need to pay your tuition fees before the census date to ensure that your enrolment isn’t cancelled.

Remember to pay your non-tuition fees

Your VET Student Loan doesn’t cover the Student Services and Amenities Fee (SSAF) or other administrative fees. You’ll need to pay these fees upfront.

How do I know if my VET Student Loan has been approved?

You can view the status of your  in Enrolment Online:

  • Log in to Enrolment Online
  • Select My student record.
  • Under Financial details, select Manage Commonwealth assistance and optional loans to view the status of your loan.

You’ll also be issued with a VET Student Loan approval letter in Enrolment Online. To view and print your VET Student Loan approval letter:

  • Log in to Enrolment Online.
  • Select My student record.
  • Under Financial details, select View Commonwealth assistance approval letter.

Your Commonwealth Assistance Notice

RMIT will issue you with a Commonwealth Assistance Notice (CAN) within 28 days of each class census date.  A notification email will be sent to your RMIT student email account and your nominated personal email when your CAN is available.

The CAN will outline the VET Student Loan debt you've incurred and any upfront payments you've made towards your fees. If there are any discrepancies between your VET Student Loan debt and the amount you were expecting to pay, you have 14 days from the CAN issue date to submit a written request for a correction.

To view or print your Commonwealth Assistance Notice:

  • Log in to Enrolment Online and select My student record.
  • Under Financial details, select View Commonwealth Assistance Notices (CANs).

Starting a new program?

If you're transitioned into a new version of your training package or enrol in a new program, you’ll need to re-apply for a VET Student Loan following the steps above.