How to fund a college education
Jul 27, 2018
Category: Career Development
Undoubtedly one of the biggest things we take into account when looking for a college course is the cost. Even though education is one of the most important contributors to our personal and career development, it can be a luxury if you’re short on funds.
And in today’s competitive job market, it’s even more imperative to make sure you have the right knowledge, skills and qualifications to succeed.
Fortunately, if you’re living in WA, a range of subsidised courses are available to you through Jobs and Skills WA – an initiative from the Western Australian Government’s Department of Training and Workforce Development.
Jobs and Skills WA
Jobs and Skills WA was set up by the Western Australian Government as an initiative to prioritise its investment in training, so that it focusses on courses that enable people to take up jobs that are, or will be, in high demand.
A range of subsidised courses are available through Jobs and Skills WA, helping to relieve the financial burden of your studies so that you can focus on getting the specialist knowledge and skills you need to succeed in today’s job market.
To be eligible for a subsided training course through Jobs and Skills WA, you need to be:
An Australian citizen; or
A permanent visa holder or holder of visa subclass 309, 820 or 826; or
A dependent or spouse of the primary holder of a visa subclass 457.
You can check out the Jobs and Skills WA website to find a list of eligible qualifications and courses.
VET Student Loans
Another way you can help to fund your college education is through a VET Student Loan. Through the VET Student Loans program, the Australian Government offers eligible students the opportunity to access a loan to pay for their course fees – again lifting the financial strain that often comes with enrolling in a course.
The loan covers tuition fees for eligible courses at Diploma or Advanced Diploma level.
The great benefit of a VET Student Loan is that you don’t need to pay anything for your course fees upfront – you only start repaying the loan once you’re employed and your income meets the specific repayment threshold for the relevant financial year.
To be eligible for a VET Student Loan, you need to be:
Enrolled in a VET Student Loan-approved course offered by a VET Student Loans-approved course provider;
Meet citizenship/residency requirements
Have a FEE-HELP balance of more than $0; and
Meet student entry requirements
You can check out the Department of Education and Training’s VET Student Loans Information Booklet for more information around eligibility and how to apply.
So, if you’re thinking about taking a training course to expand your career opportunities, but you’re worried about how you’re going to pay for it, there are options available to give you a helping hand in funding your college education.