The Australian Government recently replaced their VET FEE‑HELP scheme with the VET Student Loans scheme, which has meant that a large list of creative vocational courses across many institutions are no longer subsidised and supported with Government funds.
These changes do not affect any of Collarts’ courses.
All courses currently offered at Collarts are supported by the FEE-HELP scheme for eligible students. This means that for students studying under the FEE-HELP scheme, we don’t require upfront payments for course fees.
COLLARTS IS A HIGHER EDUCATION PROVIDER
Collarts courses are covered by FEE HELP rather than VET FEE HELP because Collarts courses are classified as higher education, not vocational education and training. Despite their names being so similar, FEE-HELP and VET FEE HELP are actually entirely different Government student loan schemes. The FEE-HELP scheme operates basically the same as the HECS-HELP scheme. We understanding how confusing this all is, so here’s a quick explanation of how FEE-HELP works…
ABOUT FEE HELP
The Australian Government’s Higher Education Loan Program (FEE-HELP) is the private higher-education institution version of the HECS-HELP system (which is for public institutions). FEE-HELP is available to eligible students for all courses offered by Collarts.
Under FEE-HELP, the Government pays for eligible student’s higher education fees upfront, with the student being liable to start paying back the loan incrementally once they’re earning above a certain salary. For the 2016-2017 year the income threshold for paying back a FEE-HELP loan is $54,869, meaning that if someone has received FEE-HELP to cover their studies and earns above $54,869 in the 2016-2017 year, then the Government will automatically deduct relatively small payments (the more they earn, the larger their repayment) from their salary towards paying off their FEE-HELP loan.
For more information, you can contact our student advisors or check out the Australian Government Study Assist website which provides more information about FEE-HELP, HECS-HELP and other Government assistance schemes for students.