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A loan cap is the maximum amount you can borrow for your course. The loan cap, along with your available HELP balance, will determine how much you can borrow through a VET Student Loan.
When a course is approved to be eligible for VET Student Loans it is allocated one of four loan caps, and this sets the maximum amount you can borrow for that course. The loan cap is the same no matter how the course is delivered, face to face, online or mixed.
The loan cap is different to the tuition fee which is set by the training provider. If the tuition fee is greater than the loan cap, you will be required to pay the difference.
You’ll find the loan cap for your course at VET Student Loans 2025 Course List and Loan Caps (for students). This fact sheet is updated in January of each year. Alternatively, you can search for your course at Search for training courses | Your Career. Once located, you can navigate to the ‘Financial Support’ tab and you will be able to see the maximum amount you can borrow for the course.
9.1 Indexation of loan caps
Loan caps are adjusted on 1 January each year in line with the Consumer Price Index. We call this indexation. This is done to make sure the loan cap stays up to date with changes in the cost of living. As the loan cap increases, you can borrow up to the new loan cap amount.
For continuing VET Student Loan students this does not mean that the tuition fees for your course will automatically increase. Your course provider cannot charge you more than the tuition fees specified on your Statement of Covered Fees (part 20).
If your course provider wants to increase your tuition fees, or if you want to use the increased loan cap amount to reduce the amount of gap payments you need to make, you must discuss this with your course provider.