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Throughout your study you will be provided with several notices from your course provider. These notices are important and will allow you to understand and manage your VET Student Loan. It is a good idea to keep copies of these notices and other loan and training information.
20.1 - Statement of Covered Fees
Following your enrolment, you’ll be provided with a VET Student Loan Statement of Covered Fees by your course provider. This notice will provide details of the total tuition fees for your course and how much will, and will not, be covered by your VET Student Loan.
A VET Student Loan allows you to defer paying your tuition fees until your income reaches the repayment threshold (part 11). However, tuition fees do not include extra expenses such as materials, equipment, textbooks or Student Services fees.
20.2 - Fee notice
While you’re studying, you’ll receive a VET Student Loan Fee Notice for each unit of study, or part of your course. Your course provider will provide this notice to you 14 days before the census day for the relevant unit of study. It will contain:
- your name, your contact details and the student identification number your course provider issued you
- the course provider’s name and registration code
- your USI and CHESSN (if you have one) (part 14)
- the cost of each unit of study you’re enrolled in
- the loan fee (part 10) you’re paying for each unit of study
- the census day(s) (part 15) on which the fee will be charged to you
Your provider must send you at least 3 Fee Notices while you’re studying your course, because your course must include at least 3 census days. This ensures your course fees are spread across the course as you progress through. Remember, you will need to withdraw on or before the census day to avoid incurring a VET Student Loan debt.
20.3 - Commonwealth Assistance Notice
Your course provider will also be providing you with Commonwealth Assistance Notices (CAN) throughout your study. You’ll receive your CAN within 28 days after the census day.
You’ll get a CAN for each unit of study, or part of the course, in which you are using the loan. It will tell you:
- the tuition fees for your course
- the course for which you’ve received a VET Student Loan
- any upfront payments you’ve made
- any VET Student Loan you’ve used
You’ll need to check your CAN carefully to make sure everything’s correct. For example, check that the tuition fees listed on your CAN are the same as those published on your provider’s website. If your CAN contains errors, you have 14 days from the date of the CAN to send your provider a written request for correction (some providers give you a longer correction period).