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/vocational graduate certificate/vocational graduate diploma levels for approved courses VET Student Loans Eligible Courses List
- FEE-HELP is available to Australian citizens at the bachelor and postgraduate degree level
- A wide range of scholarships are also available
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 ($51,957 in 2018-2019 financial year).
A VET Student Loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.
New students commencing their Diploma / Advanced Diploma / Graduate Certificate (VET) / Graduate Diploma (VET) TAFE level course, will be able to access a VET Student Loan 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 approved for VET Student Loan for Box Hill Institute by the government.
There is no loan fee for government subsidised students.
A 20% loan fee applies to full-fee students and is 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. If you are under 18, you must also have parental consent to take out this loan. 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 for Box Hill Institute.
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 2018, students are entitled to $102,392 in VET Student Loan, VET FEE-HELP and FEE-HELP combined, over their lifetime.
Parental Consent Obtained if Under 18
If you are under aged 18, you must obtain parental/guardian consent by having them complete the Parental Consent-Student Under 18 form.
At enrolment you need to indicate your intention to apply for a VET Student Loan, by completing Box Hill Institute’s VET Student Loan Intention form.
Your will then receive a VET Student Loan opt-in request from the Government at least 2 days after your enrolment via email.
You then follow the opt-in process, which includes completing your details on the government’s site via a unique pass-key code you will have been provided in the notification email. This also includes the provision of your Tax File number, or, a copy of a ‘Certificate of Application for a Tax File Number’(obtained from the Australian Taxation Office) as part of the process.
If you don’t have a Tax file number yet, it is worth applying now – don’t leave it until your enrolment day.
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 2018. This can be arranged directly with Box Hill Institute/CAE Student Administration staff. Go to Payment Plans section below for more information.
* Please note that Payment Plans are not available for students studying the Diploma in Aviation
The 2018 general 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)
|5 Feb||29 Jun||16 Mar|
(commencing in Term 3)
|16 July||30 Nov||17 Aug|
(commencing in Term 1)
|5 Feb||30 Nov||20 Apr|
|4||Summer School||8 Jan||2 Feb||15 Jan|
|T1||Term 1 only||5 Feb||29 Mar||23 Feb|
|T2||Term 2 only||16 Apr||29 Jun||4 May|
|T3||Term 3 only||16 July||21 Sep||3 Aug|
|T4||Term 4 only||8 Oct||30 Nov||26 Oct|
(Note that some courses may have alternative specific census dates depending on the course and unit delivery span).
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 2018-2019 financial year, you will be required to make a compulsory repayment if your income is $51,957 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 2018, students are entitled to $102,392 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
- 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 Student Loan (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.
* Please note that Payment Plans are not available for students studying the Diploma in Aviation.
Weekly or fortnightly repayments are required, with final instalment due no later than one month prior to your course finish date in 2018.
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.