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STUDY NOW PAY LATER

The option to study now and pay later is available on all our accredited courses as long as the prospective student is an Australian citizen.  A loan to cover the course is provided through Vet Student Loans and any top up fees can be paid back through a payment plan.

What are VET STUDENT LOANS? 

Vet Student Loans are student income contingent loan schemes for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP).

A VET Student Loan means that an eligible student will be able to pay for all or part of their VET tuition fee when studying an approved accredited VET course at a VET provider.

TrainSmart Australia is a provider of approved diploma level courses. There is a maximum amount you can borrow for each course. This cap rate is determined by the government.

A loan fee of 20% applies to full fee-paying students undertaking VET Student Loans.

The Australian Government pays the amount of a loan direct to a student’s provider. Students then repay their loans through the Australian taxation system once their repayment income is above the minimum repayment threshold. This minimum repayment threshold changes every financial year.

How do I apply?

TrainSmart Australia will provide you with the necessary forms to access this loan. You will need to provide a tax file number. Vet Student Loan will not be approved for students who do not meet eligibility criteria.

Am I eligible for a VET Student Loan?

The following will make you eligible for a VET Student Loan.

  1. You need to be an Australian citizen, or a permanent humanitarian visa holder and reside in Australia or you need to be a qualifying New Zealand citizen.
  2. You need to be studying a diploma, advanced diploma or graduate course from an approved provider. TrainSmart Australia is an approved provider.

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