Phone 03 8585 3705

Text 0428 217 285

Email courseadvisor@makeuptraining.com.au

A VET Student loan is a Commonwealth Government program, which allows eligible students to study a Diploma now, and repay their tuition fees at a later date. Your tuition fees are repaid through the Australian tax system, once your income reaches a certain threshold. There is a loan fee and your loan remains a person debt until it’s repaid.

To be eligible, you must either:

• be an Australian citizen, or
• hold an eligible permanent humanitarian visa and usually reside in Australia, or
• be a New Zealand citizen on Special Category Visa (SCV subclass 444) who meets the long term residency requirements.*

* Holders of other permanent visas and temporary visas are NOT eligible for a VET Student Loan

You must also:

• have a tax file number (TFN) or be applying for one. The personal details of your TFN with the ATO, must match the personal details you have provided to the Academy of Makeup, for example your name and date of birth
• have a Unique Student Identifier (USI)
• intend to undertake your course primarily in Australia
• meet the academic suitability requirements of the VET Student Loans Student Entry Procedure (that is, assessed as academically suitable to undertake a high level vocational qualification)
• have a Commonwealth Higher Education Student Support Number (CHESSN)
• not have exceeded your lifetime Commonwealth student loan limit, which is set each year by the Commonwealth
• have read the VET Student Loans information booklet.
• have given any requested documentation to the Academy of Makeup and submitted the electronic Commonwealth Assistance Form (eCAF) online by the first census day no less than two business days after enrolling
• comply with ongoing Commonwealth engagement and progression requests to log on to complete their online student engagement form to confirm that you are a genuine student, continuing to study and the progress in your course. You will get these requests two or three times a year, depending on how long your course is. If you do not complete the form and survey within the required time, you may be ineligible to continue accessing VET Student Loans to pay for the remainder of your course tuition fees.

Lifetime Loan Limit
The lifetime loan limit is the total amount you can incur in your lifetime under any Commonwealth HELP student loan scheme – whether it is Higher Education FEE-HELP, VET FEE-HELP or a VET Student Loan. It is indexed each year, in line with the Consumer Price Index (CPI).  Students can view their loan obligations by logging into myHELPbalance on the Study Assist website. You will need your Commonwealth Higher Education Student Support Number (CHESSN) to log in.

Renewable HELP Balance
Your HELP balance is renewable. Any compulsory or voluntary repayments starting from the 2019-20 income year will top up your HELP balance. These repayments will be applied to your HELP balance from 1 July 2020 onwards, after you have submitted your tax return to the ATO. Repayments can be re-borrowed in the future, up to the current HELP loan limit.

What is a Unique Student Identifier (USI)?
The Commonwealth requires all students studying in a nationally recognised training course to have a USI. If you already have one, please ensure you use this same USI whenever you enrol for any training. If you don't have a USI, go to https://www.usi.gov.au/ to register before you apply to enrol, or you can apply as part of your enrolment.

What is a Commonwealth Higher Education Student Support Number (CHESSN)?
A CHESSN is allocated to all students when they first access a Commonwealth loan. Any Commonwealth student loan you take is recorded against your CHESSN. If you already have a CHESSN, please supply that number. Otherwise, the Academy of Makeup will provide you with one during your application process.

New Zealand Citizens
The residency requirements for New Zealand citizens on a Special Category Visa are:

• You first began living in Australia at least 10 years before applying for a loan, and at that time, were a child under 18 years of age and did not have a spouse or de-facto partner; and
• You have been in Australia for at least eight of the 10 years immediately prior to applying and at least 18 months of the last two years.

You will need to provide evidence of your eligibility to the Academy of Makeup before requesting a VET Student Loan.

For more information,

Click Here

https://makeuptraining.com.au/pages/vet-student-loans

Upfront Payment

10% off the total tuition fee

Total: $14,310 (payable 7 days before course commencement)

Payment Plan, 20 Fortnightly payments
Deposit $1,500 Non-Refundable (payable on Enrolment)

Balance of Fees $14,450, fortnightly payments of $722.50 x 20

 VET Student Loan
No upfront payment or deposit required.  $15,950 is funded via VET Student loans. See above and also https://makeuptraining.com.au/pages/vet-student-loans  for more detail

Scholarship Award *Creative application required
Course Fee $10,000

Deposit $1,500 Non-Refundable (payable on Enrolment)

Balance of Fees $8,500, fortnightly payments of $425 x 20

Study Loans
Study Loans offer loan terms from 6 - 48 months, loan amounts from $2,001 - $15,000 and repayment options of weekly, fortnight or monthly. The link below outlines Study Loans eligibility requirements and has a loan calculator to help you forecast what your repayments might look like (ensure you scroll down towards the bottom to find it!).

Makeup Kit Payment Plan
We also offer payment plans for makeup kits, with payments as low as $38.  Please ask our Course Advisor for more details.