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The VET Student Loan (VSL) is a Commonwealth assistance loan program that helps eligible students pay tuition fees for approved higher-level vocational education and training courses (Diplomas and Advanced Diplomas). It is a loan that must be repaid to the Commonwealth Government once your income reaches the minimum repayment threshold.
VET Student Loans give rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid. Voluntary repayments can be made at any time.
VSL Eligible Courses at Hammond
Each VET Student Loans eligible course has an associated maximum loan cap set by the Australian Government. Hammond Institute is approved to offer VSL for the following qualifications:
- CHC50125
Diploma of Early Childhood Education and Care
- CHC52025
Diploma of Community Services
- CHC53315
Diploma of Mental Health
- CHC53415
Diploma of Leisure and Health
- CHC62015
Advanced Diploma of Community Sector Management
Eligibility Criteria
To access a VET Student Loan, you must meet the following residency and suitability requirements:
Citizenship & Residency
- An Australian citizen, OR
- A qualifying New Zealand citizen (SCV visa holder meeting 10-year residency rules), OR
- A permanent humanitarian visa holder residing in Australia, OR
- A Pacific Engagement Visa holder residing in Australia.
Academic Suitability
- Copy of a Senior Secondary Certificate of Education (Year 12), OR
- An AQF Certificate IV or higher qualification delivered in English, OR
- Undertake a supervised reading and numeracy assessment demonstrating competence at or above Exit Level 3 in the ACSF.
Important Loan Requirements
Tax File Number (TFN): You must have a valid Australian TFN. All details provided to Hammond Institute must match those held by the Australian Taxation Office (ATO) to prevent validation errors.
Parental Consent (Under 18): If you are under 18 years of age, a parent or guardian must sign a VSL Parental Consent Form before we can issue an electronic Commonwealth Assistance Form (eCAF), unless you are assessed by Centrelink as an independent youth.
USI (Unique Student Identifier): You must hold a valid USI or be exempt.
Progression Forms: Throughout your course, you must submit periodic progression forms online to confirm your ongoing engagement and continue accessing the loan.
Helpful Government Links
Manage and keep track of your borrowing balance and obligations through these portals:
- myHELPbalance PortalTrack how much you have borrowed under HELP loans.
- myGov AccountAccess ATO details and view cumulative HELP debt records.
- DEWR VSL Student GuideOfficial Australian Government guide and fact sheets.
Need Assistance?
Our course advisors are here to guide you through your VET Student Loan application step by step.
Contact Course Advisor