VSL (VET Student Loans)
Government loans for students undertaking eligible vocational education and training (VET) courses at diploma level and above.
VET Student Loans (VSL) is a government loan program that helps eligible students pay for tuition fees for higher-level vocational education and training (VET) courses — specifically, diploma, advanced diploma, graduate diploma, and graduate certificate courses approved under the scheme. VSL replaced the VET FEE-HELP scheme from 1 January 2017, with stronger consumer protections and provider oversight.
VSL loans have a capped amount that varies by course and field of study. For 2025–26, the caps range from approximately $5,000 to $16,500 depending on the course category. Unlike HECS-HELP, VSL does not have a loan fee. The debt is indexed and repaid through the tax system using the same repayment income thresholds and rates as HELP/HECS debts.
To be eligible, you must be an Australian citizen (or qualifying New Zealand citizen or permanent humanitarian visa holder), enrolled in an approved course at an approved provider, and meet academic suitability requirements. Providers must assess your ability to complete the course before offering VSL. The Department of Employment and Workplace Relations publishes a list of approved providers and courses on its website.