The VET Student Loan (VSL) is a Commonwealth assistance loan that helps eligible students, studying for a diploma qualification or higher, to pay their tuition fees.
Under a VET Student Loan, the Australian Government pays your tuition fee on your behalf directly to Hammond Institute.
The only upfront payment for students who qualify for the VSL is $200 application fees.
For a full list of VET Student Loan-eligible courses, visit https://www.employment.gov.au/vet-student-loans. Hammond Institute is approved to offer a selection of VET Student Loans eligible courses that are on the Department of Education and Training’s list. Each VET Student Loans eligible course has an associated capped amount. Eligible students are only entitled to loans up to the specified capped amount of each VET Student Loans eligible course.
VET Student Loans courses offered by Hammond Institute:
- CHC50113 Diploma of Early Childhood Education and Care
- CHC52015 – Diploma of Community Services
- CHC62015 Advanced Diploma of Community Sector Management
Students do not have to repay the VET Student Loans until their income is above the minimum repayment threshold for compulsory repayment. Voluntary payments may be made at any time.
For more information about the VET Student Loans, visit https://www.employment.gov.au/vet-student-loans.
Alternatively, you can view the Department of Employment, Skills, Small and Family Business YouTube video for an overview of the VET Student Loan program and your obligations.