The Niche Education Group Pty Ltd (NICHE) is an approved VET FEE-HELP provider (Provider No. 7301).
VET FEE-HELP is a scheme provided by the Australian Government to enable eligible full-fee paying students the opportunity to apply for a loan. Such a loan is to aid in the payment of all or part of a student’s tuition fees. This scheme is an extension of the FEE-HELP scheme (currently applicable to higher education students) and extends to students studying one or more of the following vocational training courses:
VET FEE-HELP is available to eligible VET fee paying/fee for service students. These students are enrolled in fee paying places at providers, and charged tuition fees for their studies. All providers that can offer VET FEE-HELP loans are listed at www.studyassist.gov.au.
Subsidised VET students
VET FEE-HELP is also available to eligible state or territory subsidised VET students who are enrolled with a provider in a state or territory that has implemented subsidised VET FEE-HELP arrangements. A subsidised VET student may use VET FEE-HELP to pay their tuition fees for VET qualifications at the following levels:
VET FEE-HELP is accessed via a Registered Training Organisation (RTO) who has been authorised by The Australian Government to be an approved VET FEE-HELP Provider. The Niche Education Group Pty Ltd (NICHE) is one of few cosmetic medical & dermal therapy education providers to offer this facility.
To be eligible for VET FEE-HELP assistance for a VET unit of study, a student must:
The census date is the last day you can submit your Request for VET FEE-HELP assistance form (to access a Commonwealth supported place or a HELP loan) or withdraw your enrolment without incurring the fees or a HELP debt. If you do not submit your form by the census date, you will not be eligible to access a HELP loan for that study period.
The census date must be at least 20% of the way through the study period for that unit. VET FEE-HELP providers are responsible for setting their own census dates, so this date will vary across different courses and different providers.
Following the successful lodgement and assessment of a Request for VET FEE-HELP assistance form to NICHE, the Australian Government will pay directly to NICHE, the full amount of the tuition fees associated with a student’s course. This loan is then repaid by the student via the tax system in compulsory and/or voluntary contributions.
Over a lifetime, students will be able to borrow up to the amount of their FEE-HELP limit which is indexed annually by the Australian Government. Repayments do not reset the maximum that can be borrowed. The FEE-HELP limit for 2016 is $99,389.00.
A student’s first loan repayment starts when their employment income exceeds the minimum threshold permitted for the specific financial year. The compulsory repayment threshold for the 2015‑16 income year is $54,126. Repayments made through the Australian taxation system are called compulsory repayments and continue until you have repaid your whole debt.
VET FEE-HELP extends only to tuition fees. It does not cover accommodation and general living expenses. It is important to note that a loan fee of 20% applies to VET FEE-HELP loans. This fee is payable to the Australian Government and added to your loan. It is also not included in the FEE-HELP limit.
To obtain a Request for VET FEE-HELP assistance form, please email firstname.lastname@example.org