Important updates to VET FEE-HELP from 1 January24 December 2015
The Australian Government is making important reforms to the VET FEE‑HELP scheme to improve the quality and effectiveness of the scheme and to better protect students taking out a VET FEE-HELP loan.
The Higher Education Support Amendment 2003 (opens in a new window) was recently amended by the Higher Education Support Amendment (VET FEE-HELP Reform) Act 2015 (opens in a new window) and will enact new measures from 1 January 2016 to further strengthen the scheme.
These changes will benefit students by aiming to control the growth of training providers in the sector, and existing and new training providers will also be required to improve their student outcomes. The Government is also looking at a redesign of the VET FEE-HELP scheme, to ensure that the loan scheme provides sustainable assistance for high quality training that ensures good outcomes for students and employers.
For further information about how the changes to the Act affect students see the factsheet