VET Student Loans and payment plans
Financing your studies
We make it possible for everyone to access the very best industry training with our loan arrangements and easy co payment plans. Please contact one of our Student Advisors to discuss your study plans on 5562 2567
Vet Student Loans
VET Student Loans commenced on 1 January 2017, replacing the VET FEE-HELP scheme. The VET Student Loans program offers greater protection for students and focuses on courses that address industry needs, creating better opportunities for employment. VET Student Loans offers income contingent loan support to eligible students studying certain diploma level and above vocational education and training qualifications. Eligible students are entitled for loans up to a capped amount.
The minimum income threshold for repayment is set by the Australian Government each year and is published on Study Assist in the VET Student Loans Information Booklet. It is important to note that your loan will remain a personal debt until it is repaid and it may reduce your take-home (after tax) wage and your borrowing capacity. You may wish to seek independent financial advice before applying.
A VET Student Loan is only for tuition fees and doesn’t cover additional costs such as text books, materials, or accommodation.
Please Note: VET Student Loans will not be approved for students who do not meet eligibility requirements. A VET student loan gives rise to a HELP debt that continues to be a debt to the Commonwealth until it is repaid.
Interest-Free Payment Plan
The Academy also offers an interest-free payment plan allowing you to pay off the course fees in weekly, fortnightly or monthly instalments through our automated billing system. A nominal deposit is required on application to confirm your place and small administration charges apply. Additional fees may be incurred for late payments.
Commonwealth Bank Student Loan
Students may qualify for student loans to cover their course fees through the Commonwealth Bank in Robina, Queensland. Phone (07) 5593 0994 or visit the branch for more details.
From 1 January 2018, the approval of tertiary courses for student payment purposes will change. Student payments will be restricted to those VET courses (at diploma level and above) and education providers that are approved for VET Student Loans (VSL).
Enrolling in The French Beauty Academy’s unparalleled Business of Beauty Dual Qualification meets these requirements. Please contact Centrelink for more information.