* The Diploma of Interior Design and Decoration is delivered by Academy of Information Technology (AIT) RTO Code 90511 trading as iscd delivering MSF50213. An approved VET Student Loan provider.

VET Student Loan are provided by the Australian Government to assist eligible students in the payment of part of their tuition fees. The full course fee is $15,000. The VET Student Loan amount is up to $10,000 and the gap paid by the student to iscd is $5,000 (paid in instalments over the duration of your study).

VET student loans will not be approved for students who do not meet eligibility requirements and a VET student loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.

CRICOS Provider Code: 02155J | AIT RTO: 90511

To read more about Vet Student Loan conditions and details visit www.studyassist.gov.au

How it works

You (the Student) can borrow up to $10,000 in the form of  VET Student Loan. The government directly pays AIT the VET Student Loan amount and students (that is you) pay it back through the Australian taxation system once their annual income reaches the minimum repayment threshold. For the threshold amounts visit www.studyassist.gov.au.

VET Student Loans do have a 20% loan fee. The loans don’t attract interest, but a CPI increase is applied every June 1 for amounts that have been unpaid for 11 months or more.

Who is eligible for VET Student Loans?

You are eligible for a VET Student Loan if you are an Australian citizen, permanent humanitarian visa holder (resident in Australia for the duration of your unit), or a permanent visa holder undertaking bridging study for overseas-trained professionals and will be resident in Australia for the duration of the study. You must also be enrolled in an eligible unit of study by the census date for that unit and have not exceeded your loan limit.

Please note the number of VET Student Loan places assigned to each approved provider is capped therefore we only have a limited number of places available.

How do I apply for a VET Student Loan?

Eligible students can apply by completing a “Request for VET Student Loan Assistance” form, which we will provide you.

When is a VET Student Loan debt incurred?

You incur the debt immediately after the census date for each block of study for which you received a VET Student Loan. A Census Date occurs at 20% mark of each study period/term in a specific course. Prior to the commencement of each study periods/term within a course you will be notified of the relevant Census Date.

If you have requested a VET Student Loan, but change your mind about studying, you have to either cancel your “Request for VET Student Loan Assistance” form or withdraw your enrolment in each unit of study (study period) on or before its census date, otherwise you will incur a debt. The census date is the last day you can withdraw without incurring financial penalty. See the government website for more information.

VET Student Loan – How do I withdraw from the course?

To withdraw from a unit or study block without incurring a VET Student Loan debt or losing an up-front payment, you need to complete your provider’s formal withdrawal procedures by the census date. We require notification in writing to creativity@iscd.edu.au prior to, or on the Census Date for the relevant study period/term to be able to withdraw a student.

VET Student Loan – What happens if I withdraw by the census date?

If you correctly withdraw from a unit by the census date, you will not incur a VET Student Loan debt. If you are using VET Student Loan, your VET Student Loan limit will not be reduced if you withdraw by the census date. If you have paid your tuition fees up-front, you may be entitled to a refund.

VET Student Loan – What happens if I withdraw after the census date?

If you withdraw from a study period/term after the census date because of special circumstances, you may be able to get your VET Student Loan debt remitted (and your VET Student Loan balance re-credited if applicable).

Census dates details 


Dates 2017
2017 Term 1 2017 Term 2 2017 Term 3 2017 Term 4
Start date (Mon) Mon 6th Feb 2017 Mon 1st May 2017 Mon 24th July 2017 Mon 9th Oct 2017
Census date 20% Sat 18th Feb 2017 Sat 13th May 2017 Sat 5th Aug 2017 Sat 21st Oct 2017
End date (Sun)  Sun 9th April 2017 Sun 2nd July 2017 Sun 24th Sept 2017 Sun 10th Dec 2017
9 weeks 9 weeks 9 weeks 9 weeks
Dates 2018
2018 Term 1 2018 Term 2 2018 Term 3 2018 Term 4
Start date (Mon) Mon 5th Feb 2018 Mon 30th April 2018 Mon 23rd July 2018 Mon 8th Oct 2018
Census date 20% Sat 17th Feb 2018 Sat 12th May 2018 Sat 4th Aug 2018 Sat 20th Oct 2018
End date (Sun)  Sun 8th April 2018 Sun 1st July 2018 Sun 23rd Sept 2018  Sun 9th Dec 2018
9 weeks 9 weeks 9 weeks 9 weeks

Student Review Procedures for re-crediting FEE-HELP balances here

Statement of Tuition Assurance PDF here

would you like to chat?

The school’s strong industry connections and flexible study options are integral to helping students achieve their goals. “Whether students attend our North Sydney or Melbourne CBD campus or study online, everyone receives the support they need to realise their potential.”

iscd General Manager,