The following online courses are approved for the VET FEE-HELP loan scheme. The cost of each unit of study or module is as follows:
Diploma of Business (8 competencies)
$AUD 2250 per competencies (domestic students only)
Diploma of Community Services Work (18 competencies)
$AUD1000 per competencies (domestic students only)
Diploma of Early Childhood Education and Care (28 competencies)
$AUD750 per competencies (domestic students only)
Phoenix Institute is approved as a VET FEE-HELP provider, eligible students have the option to apply for a VET FEE-HELP loan from the Australian Government to pay for all or part of their Tuition Fees. Please see links below for detailed Schedule of Tuition Fees with a full break down of units of study by course, by class and including the commencement date, completion date and census date for each unit of study or subject.
Students can either pay their Tuition Fees by making an upfront payment of all or part of their fees, on or before the census date, or apply for VET FEE-HELP, if eligible. A pay as you go, subject-by-subject payment plan is also available. Some banking institutions like NAB provide specialised loans to students. In addition you may qualify for student allowances, including Youth Allowance, Austudy, Abstudy and the Pensioner Education Supplement. You will need to contact Centrelink to establish your eligibility.
What is VET FEE-HELP?
VET FEE-HELP is a student loan scheme for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP). VET FEE-HELP assists eligible students to undertake certain VET courses and is aimed at removing financial barriers to study. It allows students to borrow funds up to their VET FEE-HELP limit to help pay for all or part of their VET Tuition Fees. For information on VET FEE-HELP please refer to this web link
If a student takes up VET FEE-HELP, they are then liable to the Australian Government for their tuition fees which becomes a debt to the Australian Tax Office and students will pay this debt back to the Government through the Australian Taxation Office once their annual earnings/income reaches a certain amount.
Students incur a liability for VET FEE-HELP at the census date of each unit of study or subject. The census date for each unit of study or subject in your course is published in the Schedule of Tuition Fees on our website and upon enrolment.
Am I eligible for VET FEE-HELP?
To be eligible for VET FEE-HELP assistance, students must be able to provide a valid Australian Tax File Number, be an Australian citizen or the holder of a Permanent Humanitarian visa and reside in Australia for the duration of the course.
How do I apply for VET FEE-HELP?
As part of the enrolment process we will ask you for details on how you intend to make payment of your Tuition Fees. If you choose to be on VET FEE-HELP you will be required to complete a Request for VET FEE-HELP Assistance Form and provide your Tax File Number so that we can process this request.