Financial Support for Students
The following support is available for you:
- Payment Plans are available to eligible domestic students at all course levels
- VET Student Loans are available to Australian citizens at the diploma/advanced diploma level
- FEE-HELP is available to Australian citizens at the bachelor and postgraduate degree level
- A wide range of scholarships are also available
Note: VET FEE-HELP is being replaced with a new VET Student Loan scheme in 2017. Read on for more information.
If you are experiencing severe financial hardship, contact Box Hill Institute’s Welfare Officer on (03) 9286 9891 to make an appointment to discuss your tuition fee options.
VET Student Loans
A VET Student Loan is an Australian Government loan scheme enabling you to defer part or all of your tuition fees up to the available course loan cap, and re-pay them via the Australian taxation system once your income reaches a certain threshold ($54,869 in 2016-2017 financial year).
VET FEE-HELP is being replaced with a new VET Student Loan scheme in 2017.
Continuing students will still be able to access the older VET FEE-HELP loan scheme in 2017 to complete the course they commenced prior to 2017, up until 31 December 2017. The only exception is for Certificate IV level VET FEE-HELP trial courses, where VET FEE-HELP ends on 31 December 2016 (refer to note*).
For those existing students wishing to continue under VET FEE-HELP in 2017, you will need to ‘opt in’ to advise the government you wish to do so. Further advice will be provided on how to do this once it becomes available.
New students commencing their Diploma / Advanced Diploma / Graduate Certificate (VET) / Graduate Diploma (VET) TAFE level course for the first time in 2017, will be able to access the new VET Student Loan scheme for a tuition fee loan up to the published course loan cap, providing they meet VET Student Loan student eligibility criteria, and providing the course is listed as a VET Student Loan Scheme eligible course. This is subject to the passage of legislation of the VET Student Loans Bill 2016 through parliament prior to then.
Interim arrangements for new students. Prior to 2017 and the passing of the required VET Student Loan legislation through parliament, for new students enrolling in the November/December period for study in 2017, Payment Plans only are possible with first instalments deferred until 17 March 2017. This will provide sufficient time to switch to a VET Student Loan should it become available as anticipated in 2017, where the student meets VET Student Loan eligibility criteria, and where they opt-in on the national site prior to 28th February 2017, as required. If not, students would simply continue under the Payment Plan arrangement for tuition fees in 2017.
A Loan Fee is yet to be finalized, however we anticipate a 20% loan fee will be applied, and added onto your VET Student Loan debt.
To be eligible for a VET Student Loan, you must meet citizenship requirements, academic suitability course entry requirements, your course must be listed on the VET Student Loan Eligible Courses List, your total loan for the course must be within the stated course loan cap, and you cannot have exceeded your general FEE-HELP lifetime limit. Details as follows:
For citizenship requirements, you must be either:
- an Australian citizen or
- a permanent humanitarian visa holder or
- a qualifying New Zealand Citizen (New Zealand Special Category Visa holder who meets the long-term residency requirements who first began residing in Australia at least 10 years ago when under 18. Refer to Study Assist for further details)
Please note that permanent residents are not eligible for a VET Student Loan.
Academic Suitability for Course
You must either:
- Have successfully completed Year 12 or equivalent; or
- Be at Australian Core Skills Framework (ACSF) Exit Level 3 for your literacy/numeracy skills assessment; or
- Have completed a Certificate IV or higher level qualification
Your course must appear on the VET Student Loans Eligible Courses List published by the Australian government.
Not Have Exceeded Course VET Student Loan Cap
Your VET Student Loan/s to date for the course must not have exceeded the stated course loan cap, as published in the VET Student Loans Eligible Courses List.
Not Have Exceeded HELP Loan Lifetime Limit
In addition, you must also have a sufficient life time HELP loan balance available. In 2017, students are entitled to $100,879 in VET Student Loan, VET FEE-HELP and FEE-HELP combined, over their lifetime.
This is still being determined, and will be advised as soon as details are finalized.
However as part of the process, you will require:
- a Tax File Number or a ‘Certificate of Application for a Tax File Number’. This is obtained from the Australian Taxation Office
- Citizenship evidence – details to be advised once determined.
- Further information regarding VET Student Loans is available on the Australian Government VET Student Loan Website.
If either you or your course are not eligible for a VET Student Loan, or if the cost of your tuition fees exceed the VET Student Loan course cap, you would need to pay any fees/excess fees not covered by the VET Student Loan either upfront, or find alternative financing options to cover your tuition fee payment. One of the options may be a Payment Plan via Debit Success. The Debit Success Payment Plan enables you to pay your fees via weekly or fortnightly installments over the duration of your study in 2017. This can be arranged directly with Box Hill Institute/CAE Student Administration staff. Go to Payment Plans section below for more information.
The 2017 census dates for TAFE Skills Deepening course units are:
|Teaching Period||Semester||Start Date||End Date||Census Date|
|1|| Semester 1
(commencing in Term 1)
|30 Jan||30 Jun||17 Mar|
(commencing in Term 3)
|17 July||1 Dec||18 Aug|
(commencing in Term 1)
|30 Jan||1 Dec||13 Apr|
|4||Summer School||3 Jan||27 Jan||11 Jan|
|T1||Term 1 only||30 Jan||31 Mar||17 Feb|
|T2||Term 2 only||18 Apr||30 Jun||5 May|
|T3||Term 3 only||17 July||22 Sep||4 Aug|
|T4||Term 4 only||9 Oct||1 Dec||27 Oct|
2017 Trimesters (small number of units only)
|Teaching Period||Trimester||Start Date||End Date||Census Date|
|1||1||6 Feb||5 May||3 Mar|
|2||2||15 May||11 Aug||9 Jun|
|3||3||21 Aug||17 Nov||15 Sep|
|1 & 2||1 & 2 (unit spans 1 and 2 trimesters)||6 Feb||11 Aug||24 Mar|
|2 & 3||2 & 3 (unit spans 2 and 3 trimesters)||15 May||17 Nov||30 Jun|
|1, 2 & 3||1, 2 & 3 (unit spans all 3 trimesters over full year)||6 Feb||17 Nov||13 Apr|
Students withdrawing from a Diploma / Advanced Diploma / Graduate Certificate (VET) and Graduate Diploma (VET) level course or unit/s on or prior to the census date will have their VET Student Loan or VET FEE-HELP application cancelled for those units. Students must officially withdraw via submission of a Course Exit or Unit Withdrawal form prior to census date.
A VET Student Loan or VET FEE-HELP debt as relevant will still be incurred by students for those units in which they formally withdraw after the unit census date has passed.
FEE-HELP is an Australian Government loan scheme enabling you to defer part or all of your tuition fees. Your HELP debt is repaid through the tax system. In the 2015-16 income year, you will be required to make a compulsory repayment if your income is $54,126 or above. The debt is indexed each year to maintain its real value.
Box Hill Institute can offer you FEE-HELP if you are an eligible student enrolling in a Bachelor degree or Associate Degree course only.
A 25% loan fee applies, and is added onto your FEE-HELP debt.
To be eligible, you must be either:
- an Australian citizen
- a permanent humanitarian visa holder (applies to visa subclasses: 200-217, 803, 807, 809, 810, 817, 851 (CD), 866)
- New Zealand Special Category Visa holder who meets residency requirements
- have a sufficient life time FEE-HELP balance available (in 2016, students are entitled to $99,389 in VET FEE-HELP and FEE-HELP combined, over their lifetime)
Please note that permanent residents are not eligible for FEE-HELP.
If you are interested in applying for FEE-HELP, you must:
- read the FEE-HELP Booklet which is available from Student Administration
- complete the application form
- bring either your Tax File Number of a ‘Certificate of Application for a Tax File Number’ to enrolment. This is available from the Australian Taxation Office and should be provided either at enrolment or to Student Administration no later than two weeks after your enrolment.
- Bring the original and a photocopy of your citizenship evidence to enrolment.
Box Hill Institute has a new Payment Plan available to students wanting to spread their fee costs over the year.
If you are a domestic student and not eligible for any other type of FEE-HELP or VET Student Loans, then this may be a great payment option for you.
The Payment Plan is with Debit Success, the largest direct debit provider in Australasia. It enables you to make weekly or fortnightly re-payments from your nominated bank account via direct debit to repay your fees. Final instalment is due by 4 weeks prior to your course finish date.
Students studying at all course levels from Year 11/12 and Certificate I right through to Bachelor Degrees (excluding international and short courses), where you are a domestic government-subsidised or domestic full-fee student, and not eligible for any other available loan or deferment agreement– i.e.
- Not eligible for VET FEE-HELP (Diploma/ Advanced Diploma) (if wanting to defer the tuition component of your fees – you may still defer material and amenity fee components via a Payment Plan, even if you use VET Student Loans for the tuition fee component)
- Not eligible for FEE-HELP (Undergraduate/ Post Graduate) and you are unable to pay the full tuition component of your fees upfront at enrolment.
If you are under 18 years old, you must also have an extra guarantor form signed by your parent/guardian. Your parent/guardian will also need to attend your enrolment session to do so.
Applies to the tuition, service and amenity, materials and ACER Test fees, where the fee total is $250 or greater.
Weekly or fortnightly repayments are required, with final instalment due no later than one month prior to your course finish date in 2016.
Part Payment Plan is subject to the following administrative fees (both are added to the debt):
- $10 initial fee; plus
- a 4.6% billing fee (based on value of payment plan)
Where early withdrawal occurs, full balance must be settled no later than 2 weeks after date of withdrawal. You are still liable for all fees and charges even if you withdraw, subject to Box Hill Institute’s Enrolment Policy & Procedure.
If you withdraw within the refund period stipulated in the Enrolment Policy and Procedure, the payment plan will be adjusted as required.
You must present with your Australian bank account or Australian credit card account details to Student Administration – Elgar campus, along with your enrolment form, and complete a Debit Success Payment Plan Agreement with Student Administration staff.
If you intend to use a bank or credit card account other than your own for the payment plan, you must also present with the account holder to have the agreement co-signed by the account holder.
If you are under 18, you must also have a completed guarantor form by your parent/guardian. This will enable direct debit of weekly or fortnightly payments from your nominated bank account to commence within 14 days.
Important – please note!
When a student enters into a Student Payment Plan Agreement with Debit Success it is a legal and binding contract. In the event that student payments go into arears, the account will be sent to debt recovery (debt collection).
This process will incur an additional fee of 25% (calculated on the total of the original Payment Plan) and has the potential to affect a student’s future credit rating.