The FEE-HELP loan scheme can assist eligible students to pay their tuition fees, by providing a HELP loan for all or part of the tuition fees.
To get a FEE-HELP loan, you must:
- be an Australian citizen and study at least part of your course in Australia.
- be a New Zealand Special Category visa (SCV) holder or permanent humanitarian visa holder and meet the residency requirements.
- be enrolled in a fee-paying place at a provider that offers FEE-HELP loans.
- be enrolled in an eligible course at your provider by the census date (your provider can tell you if your course is eligible).
- submit the "request for FEE-HELP loan form" to your provider by the census date.
- not have already borrowed up to your HELP loan limit.
For undergraduate (undergraduate certificate and bachelor's degree) fee-paying places, eligible students can borrow part or all of their tuition fees through FEE-HELP. A loan fee of 25% on the amount borrowed applies to loans for undergraduate studies.
For postgraduate (graduate certificate and master’s degree) fee-paying places, eligible students can borrow part or all of their tuition fees through FEE-HELP. No loan fee applies to loans for postgraduate studies.
FEE-HELP loans are repaid through the Australian taxation system.
Students who wish to pay fees via the FEE-HELP scheme must have proof of acceptance into the loan scheme prior to the census date of the next teaching period.
Some key FEE-HELP requirements are as follows:
- Students requesting a FEE-HELP loan must complete and lodge a request via the Commonwealth Assistance Form (eCAF) online in order for enrolment to be completed. EIT will provide you instructions on how to do this once you have accepted a Letter of Offer and indicate you wish to pay using a FEE-HELP loan.
- Students should have, or should apply for, a valid Tax File Number (TFN) with the Australian Government. If you do not have a TFN, you can give EIT a Certificate of Application for a TFN, which you can ask for when you apply for a TFN.
- EIT is required to issue a Commonwealth Assistance Notice (CAN) to each Commonwealth assisted student within 28 days of the census date. The CAN will be sent electronically to students via email. The CAN contains information about:
- the units in which a student is enrolled;
- the cost of any upfront payments made;
- any amounts deferred to the Australian Taxation Office (ATO);
- student learning entitlement consumed;
- the student’s CHESSN (Commonwealth Higher Education Student Support Number), which is assigned to all students who receive Commonwealth assistance for their higher education;
- the student’s 25% FEE-HELP loan fee (for undergraduate students only).
- FEE-HELP does not automatically continue over to each new semester. EIT will contact you via email before the start of each semester to confirm with you if you would like to continue with FEE-HELP for the next semester. If you do not reconfirm, FEE-HELP will not be applied and you will be invoiced for the units you have enrolled in.
Pass Rate Requirements
- If you began your current enrolment with EIT on or after 1 January 2018 and apply for FEE-HELP, a 50% pass rate will apply.
- This means that once you have undertaken 4 or more units in a sub-bachelor level course, or 8 or more units in bachelor and above level courses, you must have passed at least 50% of your total attempted units in order to remain eligible for FEE-HELP. For example, if you are enrolled in a bachelor degree and undertake 8 units and fail 5, you will not be eligible to access FEE-HELP in the following semester. You would have needed to pass at least 4 units.
- Then, if in the following semester, having paid for your units upfront you undertook another 4 units, you would need to pass at least 3 of those units in order to re-establish your FEE-HELP eligibility in the following semester (i.e. 12 units attempted and 6 passed).
- What you need to ensure is that you pass at least 50% of your total attempted units across your course of study. Otherwise, you will have to pay the tuition fees upfront until you improve your pass rate.