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  • Types of loans

    There are a number of loans available from the Australian Government to help you complete further training and study.

    HELP

    The Higher Education Loan Program (HELP) assists eligible students with their student contribution or tuition fees from a university or other higher education provider.

    There are different types of HELP loans available, depending on the student's circumstances. If you have obtained one of these loans, you will have a HELP debt.

    Note: From 1 July 2019, the HECS-HELP Benefit is no longer available.

    See also:

    VSL

    VET Student Loans (VSL) commenced on 1 January 2017, replacing the VET FEE-HELP scheme. The VET Student Loans program offers greater protection for students and focuses on courses that address industry needs, creating better opportunities for employment.

    VET Student Loans offer income contingent loan support to eligible students studying certain diploma level and above vocational education and training qualifications.

    See also:

    SFSS

    The Student Financial Supplement Scheme (SFSS) was a voluntary loan scheme to help tertiary students cover their expenses while they studied.

    This scheme closed on 31 December 2003. However, all existing SFSS debts continue to be collected through the tax system.

    See also:

    SSL and ABSTUDY SSL

    The Student Start-up Loan (SSL) and ABSTUDY Student Start-up Loan (ABSTUDY SSL) schemes started on 1 January 2016 and replace the Student Start-up Scholarship payment.

    This is a voluntary loan available to eligible students in higher education who receive:

    • Youth Allowance
    • Austudy
    • ABSTUDY Living Allowance.

    The Department of Human Services administers the payments.

    See also:

    TSL

    Under the Trade Support Loans (TSL) program, eligible Australian apprentices are offered loans over a four year period. A 20% discount applies to the loan on completion of the apprenticeship. TSL payments are administered by the Australian Apprenticeships Centres and the Department of Education and Training

    See also:

    Last modified: 01 Jul 2019QC 44853