VET Student Loans in 2017: How VETtrak Will Help

VETtrak will be introducing a new feature into its next software update to help RTOs upload new student loan data through the government eCAF system.

The VET FEE-HELP scheme will close on 31 December 2016, and a new VET Student Loans program starts on 1 January 2017. Transition arrangements will help support students who are part-way through their VET FEE-HELP funded course.

The Department of Education and Training is currently contacting all current students using a VET FEE-HELP loan to provide them with an opportunity to indicate their intention to study next year and continue to access VET FEE-HELP during 2017.

Students currently financing their studies through a VET FEE‑HELP loan will not be automatically transferred to the new VET Student Loans program. If they wish to continue to access the VET FEE‑HELP loan scheme in 2017, they will need to submit an opt-in form prior to 31 March 2017. Information about the eligibility to opt-in to continue their VET FEE-HELP loans is at http://www.education.gov.au/vet-student-loans/vfh-opt-in

VETtrak will be adding new fields to indicate if the student has opted-in to continue their VET FEE-HELP loan, and the date they opted-in. VETtrak will also add a new field to indicate if the student loan has been provided under VET FEE-HELP, or VET Student Loans.

From the 1st of January 2017, submissions for the VET Student Loan scheme will need to be made by an Electronic Commonwealth Assistance Form (eCAF). VETtrak will be supporting the eCAF system by allowing VETtrak users to generate an eCAF from within VETtrak. Providers will need to add eCAF API access to their existing HEIMS account to use the eCAF service. Enquiries about your HEIMS account should be directed to HEenquiries@education.gov.au.

Keep an eye on the VETtrak news page for more VET Student Loans updates.