AACDS is a VET Student Loan (VSL) approved provider. VET Student Loans is an Australian Government loan scheme that assists students to pay their tuition fees. Students must be:

• Eligible Students
• Studying a VSL approved course
• With a VSL approved provider

It allows eligible students to borrow:

• funds up to the cap set for their chosen course of study and
• up to their FEE-HELP limit to help pay for part or all of their tuition fees.

For more information about VSL and your eligibility visit our VET Student Loans page.

NB:
Additional course requirements cannot be funded by VET Student Loans. VET Student Loans are a repayable loan and attracts a 20% loan fee increasing the total amount payable to the government.

How much can I borrow?

Eligible students will be entitled to access loans up to a capped VET Student Loan Limit detailed below. Course providers may charge above this cap for a course, and if so, students will be expected to pay for the gap / difference.

A Vet student loans is only available for the below courses:

These courses are VET Student Loans approved. VET Student Loans will not be approved for students who do not meet the eligibility requirements. A VET Student Loan gives rise to a VETSL debt that continues to be a debt due to the Commonwealth until it is repaid.

Course fees can be paid upfront per semester. Fees will vary depending upon the chosen course and study load. Please review the relevant Schedule of fees for more details.

• Whether you would like to pay your total tuition fees or just the cost of your upcoming unit of study you can enter into a weekly, direct debit, payment arrangement.
• Payment arrangements are offered for any Diploma or higher qualifications for amounts greater than $300 and you will be charged a 5% administration charge on the value of the arrangement.
• The payment plan option is not available for courses / study periods / amounts less than $300 in total.

Direct Debit gives you the convenience to make your required weekly payments automatically deducted from your nominated bank account. Niche will establish an instalment payment arrangement drawn over the duration of your course or relevant study period. Students choosing this option are required to complete a Direct Debit Authorisation through our Direct Debit Agent - Debit Success.

NB:

• Our Direct Debit Agent does charge a dishonour fee for failed payments or fees should your overdue amounts be referred to debt collection These will be outlined in the Payment Plan Contract. You should read these documents as they include important information about the terms and conditions that apply to our provision of the product to you.
• Students using the payment plan option will be issued their qualification once all fees have been paid in full