To be eligible, the course provider must:
- be a body corporate that is not a trustee
- be established under the law of the Commonwealth, a State or a Territory
- carry on business in Australia and have its central management and control in Australia
- be a registered training organisation
- be a fit and proper person
- be a member of an external dispute resolution scheme.
In addition, an approved course provider must demonstrate that they meet the provider suitability requirements. The provider suitability requirements cover the following areas:
- general requirements
- financial performance
- management and governance
- experience and course offerings
- student outcomes
- workplace relevance.
Before applying to become an approved course provider, potential applicants should check that at least one of the courses they currently offer is on the approved list of nationally recognised courses that VET Student Loans are available for.