VET Student Loans: six-monthly report: 1 January 2019 to 30 June 2019

The VET Student Loans (VSL) program commenced on 1 January 2017, replacing the VET FEE-HELP scheme which closed to new students on 31 December 2016. The new program focuses on program integrity, manages risk and promotes confidence in the regulated vocational education and training (VET) market by ensuring students are both academically suited to their course and are studying under a quality provider. This report covers the period from 1 January 2019 to 30 June 2019 and provides information required under section 103A of the VET Student Loans Act 2016, namely relating to: the number and names of approved course providers; the value of VSL paid; the number of VSL-assisted students; the number of students who completed approved courses; and the amount of tuition fees charged.

In 2019, eligible students were entitled to access loans up to a capped amount of either $5,171, $10,342 or $15,5141 based on cost of delivery, though the Minister has the power to provide different (and higher) caps for particular courses (for example, aviation related courses up to $77,571). During the period from 1 January 2019 to 30 June 2019, 192 providers operated as approved course providers under the VET Student Loans program. This is compared to the 180 providers that operated during the first half of 2018.

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