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VET Student Loans

Update: 10/02/2022

  • Due to legislative changes affecting VSL, VET Student Loans are now referred to as VETSL debts.
  • VESTL debts are now separate from other forms of HELP/HELP debt.
  • VETSL debts are now overseen by the Department of Employment, Skills, Small and Family Business.

VET Student Loans are provided by the Australian Government through the Department of Education, Skills and Employment. Your VET Student Loan debt (VETSL debt) must be paid back at the relevant repayment rate when your income is above the compulsory repayment threshold.

The compulsory repayment threshold is adjusted each year. The compulsory repayment threshold for the 2021-2022 income year is $47,014. This means you will only begin to repay your VETSL debt once you earn over $47,014 (this amount is adjusted each year).

If you are an eligible student, the Department may approve your VETSL debt for an approved course. The Department will pay your loan directly to your approved course provider, i.e. the School. You will be responsible for any gap amount in the tuition fees, which are not covered by the loan. You will owe a debt to the Australian Government for the loan, which will be managed by the Australian Taxation Office (ATO).

 

ELIGIBILITY

To be eligible for a VETSL debt a student must meet ALL the below criteria.

You are:

  • an Australian Citizen; or;
  • a qualifying New Zealand citizen; or,
  • a Permanent Humanitarian Visa Holder (who is usually resident in Australia)

AND

  • Your VETSL debt balance (the amount of your VETSL limit sufficiently covers the required course costs.
  • You are enrolled with an approved course provider (the School is) in an approved course and have enrolled in accordance with the application requirements
  • You are studying the approved course at a campus in Australia.
  • You have been assessed by your course provider as academically suited to undertake the approved course on the basis of either:
    • providing your Australian Year 12 Certificate; OR,
    • providing evidence of successful completion of an Australian Qualification Framework Certificate IV or higher qualification (where the language instruction is English); OR,
    • displaying competence at Exit Level 3 in the ACSF (Australian Core Skills Framework) in both reading and numeracy through an approved LL&N (Language, Literacy & Numeracy) test (to be completed at the School).

Assessments – Pre-Commencement

The School pre-commencement assessment process for students seeking to enrol in the course Diploma of Dance Elite Performance (CUA50113), an Australian Core Skills Framework (ACSF) Level 3 course, consists of 2 (two) parts being:

  • the PTI (Pre-Training Interview) process – an audition in which a prospective student participates in a dance studio environment with a School lead interviewer ((the Director OR a Dance (Elite Performance) Specialist)) AND Dance (Elite Performance) Trainer/Assessor.

It may include reviewing digital performances, elite dance preparatory or other experience to aid in arriving at an informed assessment of the prospective student’s artistic development potential as it aligns to the future performance plans and requirements of the School.

AND

  • the LL&N (Language, Literacy & Numeracy) process - for students seeking to enrol in this ABS course and who are also applying for a VET Student Loan (VETSL) it is a mandatory pre-condition of enrolment acceptance and VETSL loan approval they complete with a PASS result an online LL&N (Language Literacy and Numeracy) test. The School uses the Total Learning Resources Group “LLN Robot” online test tool.

The School pre-commencement assessment process for students seeking to enrol in the course Advanced Diploma of Dance Elite Performance (CUA60113), Australian Core Skills Framework (ACSF) Level 4 course, is the same as the above.

Conformity To The Legal Requirements For VET Student Loan Eligible Students

The School uses the TLRG “LLN Robotfor students applying for VETSL because it is a vocational education quality assessment tool that meets the Department’s legal and regulatory requirements of the VSL Act 2016 and VSL Rules 2016 (s.81 – Results of assessments of competence in reading and numeracy) and s80(2)(b) and s.82(1)(a)-(c).

It assures the School’s student enrolment (entry) procedure is due to a successfully completed LL&N process and PTI assessment process the results of which must:

  • be reported to the student as soon as practicable after completion of the LL&N.

It does automatically progressively and on completion;  and,

  • be reported to the Secretary (of the Department) in the form, manner and by the time requested.

Which it also enables the School to do.

  • The School must reasonably believe you show competence in completing the course.
  • You meet the TFN (Tax File Number) requirements
  • You have a Unique Student Identifier (USI) number

A qualifying New Zealand citizen is one whom meets all of the following criteria:

  • holds a special visa category, such as the New Zealand Special Category Visa (SCV)
  • has been usually resident in Australia for at least 10 years;
  • was a dependent child when he or she was first usually resident in Australia;
  • has been in Australia for periods totalling 8 years during the previous 10 years; and,
  • has been in Australia for periods totalling 18 months during the past 2 years.

     

    VET STUDENT LOAN APPROVED COURSES AT THE AUSTRALIAN BALLET SCHOOL

    The Australian Ballet School is currently approved to offer VET Student Loans for the following courses:

    • Diploma of Dance Elite Performance (CUA50113)
    • Advanced Diploma of Dance Elite Performance (CUA60113)

    Further information about specific fees and charges for these courses are contained in each course section on The Australian Ballet School’s website.

     

    MORE INFORMATION

    More information regarding VET Student Loans can be found in: VET Student Loans Information Booklet 

     

    POLICY AND PROCEDURES

     

    FEE SCHEDULES

    School fees have been updated in line with changes implemented due to COVID-19.

    Diploma of Dance

    Advanced Diploma of Dance

    Graduate Diploma of Classical Ballet

     

    WITHDRAWING FROM THE SCHOOL