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Approved VET Student Loan Provider - Australian Government

Description

You will need this approval if you are a Registered Training Organisation (RTO) who intends to become a VET Student Loans (VSL) approved course provider. This approval allows you to enrol students that are supported by the VSL program.

Approved course providers are required to be committed to the delivery of high quality VET and to achieving the best outcomes for students. VET Student Loans are only available to eligible students enrolling in the following higher level VET qualifications:

  • Diploma
  • Advanced Diploma
  • Graduate Certificate
  • Graduate Diploma.

Please note that participation in the VSL program is not mandatory for offering VET training.

Service type

Licence

A licence defines the need to obtain recognition / certification and registration to undertake a certain business activity.

Eligibility requirements

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.

Duration

No more than seven years

Fees

Fees Details for this service in table format.

Task Type Business Structure Amount Description
Apply Application All $5110.00

Fees for 2023-24

Forms

Act(s) name

VET Student Loans Act 2016 Australian Government

Regulation(s) name

Higher Education Support (VET) Guideline 2015 Australian Government

Administering agency

Department of Employment and Workplace Relations

Higher Education

Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.