SEDA is an approved provider of VET Student Loans and therefore can offer the scheme to eligible students.
VET Student Loans is a loan from the Commonwealth Government, available to assist eligible students studying either the SIS50319 Diploma of Sport, BSB50215 Diploma of Business, and BSB50120 Diploma of Business with SEDA Group to pay their tuition fees. You do not have to use a VET Student Loan to pay your tuition fees. You can choose to pay all your tuition fees up front / via a payment plan, or you can use a VET Student Loan for the total or partial amount of your tuition fees (eligibility criteria apply). VET Student Loans can only be used to pay the tuition fees of an approved course.
In 2022 the HELP loan limit is $109,206 for most students (students studying medicine, dentistry and veterinary science courses have a higher HELP loan limit). From 2021 your HELP balance is a ‘renewable’ balance, meaning that any repayments you make on your VETSL debt will credit your available HELP balance, up to your applicable HELP loan Limit. For more information, click here.
Please refer to your Course Information Brochure and Statement of Fees for specific tuition fees and census dates; including the student withdrawal policy for this course or refer to the SEDA Group website.
For tuition fee amounts, please refer to the Statement of Fees provided prior to enrolment or the SEDA Group website Schedule of Tuition Fees for individualised tuition fee amounts.
In 2022, the maximum course fees are: SIS50319 Diploma of Sport = $8,208.00, BSB50120 Diploma of Business = $7,283.40.
The amount of the VET student loan with SEDA Group cannot be more than the student’s remaining HELP balance. Tuition Fees will be reasonably apportioned across a specified number of sequential fee periods and each fee period will contain at least one census day. For any tuition fees above the covered fees, students are required to pay this portion upfront in accordance with the vet unit of study census dates.
A census date is defined as: A date by which enrolment may be cancelled without incurring tuition fees for the course or a part of the course is a census day. The census date is the most important date for you to remember for each unit of study in the eligible qualification. The census date is the last day you can submit your Request for VET Student Loan ECAF form and withdraw your enrolment in the course or part of the course without incurring the cost or VET Student Loan debt. Students will receive a refund of any tuition fees already paid for the course or part of the course if they withdraw on or prior to the census date. To view your census dates, please refer to the Statement of Fees provided prior to enrolment.
A VET unit of study is one or more units of competency. VET units of study make up the course of study for the SIS50319 Diploma of Sport, BSB50215 Diploma of Business and BSB50120 Diploma of Business. Each VET unit of study will be across a specified number of fee periods and each fee period will contain a census date.
A 20% loan fee applies to VET Student Loans for full fee paying / fee for service students. The loan fee does not count towards your HELP limit. You do not have to pay the loan fee upfront – it is reported by your provider and is added to your HELP debt at the Australian Taxation Office (ATO).
You may be eligible for a VET Student Loan if you:
Are an Australian citizen, or;
Have a Unique Student Identifier (USI), or otherwise exempt
Have read the VET Student Loans Information Booklet.
You meet the Tax File Number (TFN) requirements (If your information is not assessed as correct by the ATO, your application will not be finalised and you will be ineligible for a VET Student Loan.
You have given the required documents to your approved course provider and submitted the loan application form by the first census date and no less than two business days after enrolling.
In addition, your approved course provider must reasonably believe you show competence in completing the course.
Your eligibility will be assessed as part of the Course Application Form. Eligibility evidence and supporting documents must be presented to SEDA Group with your application. A VET Student Loan will not be approved by SEDA Group for any students who do not meet eligibility requirements.
Your VET Student Loan debt becomes part of your accumulated HELP debt. The compulsory repayment threshold is adjusted each year. The compulsory repayment threshold for the 2020-21 income year is $46,620. The compulsory repayment threshold for the 2021-22 income year is $47,014.00.
Repayment income is calculated from the amounts given on your income tax return for:
Repayments made through the Australian taxation system are called compulsory repayments and continue until you have repaid your whole debt.
If your Course Application Form is approved by SEDA Group, and you have successfully enrolled into the SIS50319 Diploma of Sport or BSB50215 Diploma of Business, a two-day (business days) cooling off period applies before you can apply for VET Student Loan.
If you do not have a TFN at the time of requesting a VET Student Loan you must apply for one through the ATO and then supply a Certificate of application for a TFN to us on or before the census date.
You will not be able to obtain a VET Student Loan for the amount of your VET tuition fees for the unit/s of study that remain unpaid by the census date, unless you submit your valid TFN.
Note: TFNs are usually provided by the ATO within 28 days of application, therefore it is essential that you apply for your TFN as early as possible to ensure you have your TFN on or before the census date.
Please be aware that if the tax file number requirements are not met you will NOT be entitled to VET Student loan and will be liable for your tuition fees.
How to apply for a Tax File Number
Australian Taxation Office.
Applicants should refer to the Australian Taxation Office website:
Australia Post – Australian residents – TFN application:
You can apply for a TFN at a participating Australia Post retail outlet if you’re an Australian resident and able to attend an interview. There is no fee for lodging a TFN application. If you’re an Australian resident the easiest way to apply for a TFN is to complete the online TFN Application form by accessing this link.
Print the summary, which will include your application reference number, and take it to your Australia Post interview. Attend an interview at a participating Australia Post outlet within 30 days of completing your online form. You’ll need to take your printed summary and proof of identity documents to the interview. This link http://bit.ly/1WW3HUY will direct you to the Australia Post website where you can find your closest participating Australia Post store, trading hours and book your TFN application interview.
|2021-2022 Repayment threshold||Repayment % rate|
|$47,014 – $54,282||1.0%|
|$54,283 – $57,538||2.0%|
|$57,539 – $60,991||2.5%|
|$60,992 – $64,651||3.0%|
|$64,652 – $68,529||3.5%|
|$68,530 – $72,641||4.0%|
|$72,642 – $77,001||4.5%|
|$77,002 – $81,620||5.0%|
|$81,621 – $86,518||5.5%|
|$86,519 – $91,709||6.0%|
|$91,710 – $97,212||6.5%|
|$97,213 – $103,045||7.0%|
|$103,046 – $109,227||7.5%|
|$109,228 – $115,781||8.0%|
|$115,782 – $122,728||8.5%|
|$122,729 – $130,092||9.0%|
|$130,093 – $137,897||9.5%|
|2020-2021 Repayment Threshold||Repayment % Rate|
|$46,620 – $53,826||1.0%|
|$53,827 – $57,055||2.0%|
|$57,056 – $60,479||2.5%|
|$60,480 – $64,108||3.0%|
|$64,109 – $67,954||3.5%|
|$67,955 – $72,031||4.0%|
|$72,032 – $76,354||4.5%|
|$76,355 – $80,935||5.0%|
|$80,936 – $85,792||5.5%|
|$85,793 – $90,939||6.0%|
|$90,940 – $96,396||6.5%|
|$96,397 – $102,179||7.0%|
|$102,180 – $108,309||7.5%|
|$108,310 – $114,707||8.0%|
|$114,708 – $121,698||8.5%|
|$121,699 – $128,999||9.0%|
|$129,000 – $136,739||9.5%|
|$136,740 and above||10.0%|
|2019-2020 Repayment Threshold||Repayment % Rate|
|$45,881 – $52,973||1.0%|
|$52,974 – $56,151||2.0%|
|$56,152 – $59,521||2.5%|
|$59,522 – $63,092||3.0%|
|$63,093 – $66,877||3.5%|
|$66,878 – $70,890||4.0%|
|$70,891 – $75,144||4.5%|
|$75,145 – $79,652||5.0%|
|$79,653 – $84,432||5.5%|
|$84,433 – $89,498||6.0%|
|$89,499 – $94,868||6.5%|
|$94,869 – $100,560||7.0%|
|$100,561 – $106,593||7.5%|
|$106,594 – $112,989||8.0%|
|$112,990 – $119,769||8.5%|
|$119,770 – $126,955||9.0%|
|$126,956 – $134,572||9.5%|
|$134,573 and above||10.0%|
The Schedule of VET Tuition Fees details the following information:
2021 SIS50319 Diploma of Sport Schedule of Tuition Fees and census dates:
2021 BSB50215 Diploma of Business Schedule of Tuition Fees and census dates:
2022 SIS50319 Diploma of Sport Schedule of Tuition Fees and census dates:
2022 BSB50120 Diploma of Business Schedule of Tuition Fees and census dates:
Please note: There are different Schedule of Tuition Fees depending on which program you enrol into with SEDA Group.
Where can I find more information about VET Student Loans?
The following information is important for individuals enrolling in vocational education and training (VET) and wish to access a VET Student Loan:
VET Student Loans Policies and Procedures: