It's official.Flight training to be HECS as of may 08
Join Date: Dec 2007
Location: VIC
Posts: 65
Likes: 0
Received 0 Likes
on
0 Posts
I may have missed the boat (plane) on this thread, but as one of the lucky ones to get into this years cadetship with Qantas which is covered under FEE-HELP (and as I understand it this is the same way the proposed scheme will run) I can tell you that getting the FEE-HELP loan is in no ways an open door. The course I am doing costs more than the $80-odd-thousand you get as a loan from the gov, so the way I see it is those wanting to take up this option will still need to come up with a substantial amount of money off their own bat just to complete their course anyway. And although it is 'interest free' they still apply a 20% 'loan fee' so and $80K loan turns into $96K.
Either way, its a step closer for many and I'm all for it.
Good luck to all.
Either way, its a step closer for many and I'm all for it.
Good luck to all.
Man Bilong Balus long PNG
Join Date: Apr 2002
Location: Looking forward to returning to Japan soon but in the meantime continuing the never ending search for a bad bottle of Red!
Age: 69
Posts: 2,971
Received 97 Likes
on
56 Posts
Hmm, wonder if it will pay for an IFR reissue??
Fat chance, methinks!
Fat chance, methinks!
Join Date: Feb 2007
Location: YLIL on my days off
Age: 50
Posts: 226
Likes: 0
Received 0 Likes
on
0 Posts
From the DEEWR Website confirming all this...
http://www.dest.gov.au/sectors/train...lp/default.htm
I think I called it DEWA earlier - it's DEEWR (Dept. Education, Employment and Workplace Relations), used to be DEST (Dept. Education, Science and Training)
Anyway - below in summary from the Govt. site.
-----
VET FEE-HELP is an extension of the Higher Education’s income contingent loan scheme, FEE-HELP. The VET FEE-HELP loan scheme is being introduced to the Vocational Education and Training (VET) sector.
Introduction
VET FEE-HELP is an income contingent loan scheme for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP). It is an extension of the higher education loan scheme FEE-HELP arrangements.
VET FEE-HELP is being introduced to the VET sector in 2008. Over the next four years, it is expected that around $261 million in loans will be issued.
VET FEE-HELP will assist eligible full fee-paying students who are enrolled in one of the following VET accredited courses through a VET provider (an RTO approved to offer VET FEE-HELP to its students) to pay for all or part of their tuition fees:
Legislative amendments to the Higher Education Support Act 2003 (HESA) received Royal Assent on 20 March 2008. These amendments allow for the legislative guidelines for VET FEE-HELP to be approved. The legislative guidelines will be registered on the Federal Register of Legislative Instruments (FRLI) before being approved by Parliament. VET FEE-HELP is expected to become available during the second half of 2008.
I think I called it DEWA earlier - it's DEEWR (Dept. Education, Employment and Workplace Relations), used to be DEST (Dept. Education, Science and Training)
Anyway - below in summary from the Govt. site.
-----
VET FEE-HELP is an extension of the Higher Education’s income contingent loan scheme, FEE-HELP. The VET FEE-HELP loan scheme is being introduced to the Vocational Education and Training (VET) sector.
Introduction
VET FEE-HELP is an income contingent loan scheme for the Vocational Education and Training (VET) sector that is part of the Higher Education Loan Program (HELP). It is an extension of the higher education loan scheme FEE-HELP arrangements.
VET FEE-HELP is being introduced to the VET sector in 2008. Over the next four years, it is expected that around $261 million in loans will be issued.
VET FEE-HELP will assist eligible full fee-paying students who are enrolled in one of the following VET accredited courses through a VET provider (an RTO approved to offer VET FEE-HELP to its students) to pay for all or part of their tuition fees:
- Diploma*
- Advanced Diploma*
- Graduate Certificate
- Graduate Diploma
Legislative amendments to the Higher Education Support Act 2003 (HESA) received Royal Assent on 20 March 2008. These amendments allow for the legislative guidelines for VET FEE-HELP to be approved. The legislative guidelines will be registered on the Federal Register of Legislative Instruments (FRLI) before being approved by Parliament. VET FEE-HELP is expected to become available during the second half of 2008.
Join Date: Sep 2007
Location: Sydney
Age: 34
Posts: 50
Likes: 0
Received 0 Likes
on
0 Posts
I can confirm the rumour. Today I went to a career expo and saw a representative for aerospace aviation based at bankstown airport. She informed me that as of next month, the full time training course can be financed with HECS. This will most probably through FEE-HELP?
Speedbird 9
Speedbird 9
Though I initially supported the idea, I think fee help has the capability to be a rather bad idea. Whilst for genuine candidates its great, the number of drop dead morons who will seize this as an opportunity to just fly around and waste a spectacular amount of money after they leave school might be higher than anyones expectations.
I think to qualify for this fee help you should need to pass some sort of aptitude testing, or need to qualify for allocated fee help places in a similar vein to that of any reputable University.
Of course you may already have to, I wasn't really paying attention.
I think to qualify for this fee help you should need to pass some sort of aptitude testing, or need to qualify for allocated fee help places in a similar vein to that of any reputable University.
Of course you may already have to, I wasn't really paying attention.
Join Date: Apr 2008
Location: Australia
Posts: 20
Likes: 0
Received 0 Likes
on
0 Posts
already studying path
This is interesting news!
Generally what do you some of you think the process and turn around time will be in the actual schools getting approval and implementation and what if training has has already started as in my case? will it be still viable?
I am currently doing a DOA at my local school (self funded) and although I am quite determined to pass it either way i go about it, i would certainly enjoy having this sought of assistance to free up the rather rapid fund consumption that is learning to fly until industry employed....
Seems a little bit more productive than HECS to become an artist
Generally what do you some of you think the process and turn around time will be in the actual schools getting approval and implementation and what if training has has already started as in my case? will it be still viable?
I am currently doing a DOA at my local school (self funded) and although I am quite determined to pass it either way i go about it, i would certainly enjoy having this sought of assistance to free up the rather rapid fund consumption that is learning to fly until industry employed....
Seems a little bit more productive than HECS to become an artist
HECS v VET-FEE-HELP
I don't know about the operation of either of these schemes but ...
<pedant mode on>
HECS is aimed at university (degree) courses
VET-FEE-HELP is aimed at vocational (certificate / diploma) courses
<pedant mode off>
They probably operate in a similar manner but will be just different enough that looking up the details of HECS may send you down the wrong path.
regards
layman
<pedant mode on>
HECS is aimed at university (degree) courses
VET-FEE-HELP is aimed at vocational (certificate / diploma) courses
<pedant mode off>
They probably operate in a similar manner but will be just different enough that looking up the details of HECS may send you down the wrong path.
regards
layman
Join Date: Apr 2002
Location: Alice Springs
Posts: 1,744
Likes: 0
Received 0 Likes
on
0 Posts
CPL
A CPL is not a magic thing that gets you into an airline.
I hope we do not get another large "pool" of desparate CPL holders fighting for a few jobs in GA and degrading the industry, We then have geniune charter operators being undercut by flying schools moving in and selling ICUS to wannabies on charter flights.
The MPL is the proper way to go, so airline wannabies stay in the airline system and do not get misled into GA jobs they don't want. (if they can get one)
Both airlines and GA will benefit from the MPL.
People who want an airline job should make contact with an airline ASAP BEFORE spending lots of time and money on training.
I hope we do not get another large "pool" of desparate CPL holders fighting for a few jobs in GA and degrading the industry, We then have geniune charter operators being undercut by flying schools moving in and selling ICUS to wannabies on charter flights.
The MPL is the proper way to go, so airline wannabies stay in the airline system and do not get misled into GA jobs they don't want. (if they can get one)
Both airlines and GA will benefit from the MPL.
People who want an airline job should make contact with an airline ASAP BEFORE spending lots of time and money on training.
Join Date: Oct 2007
Location: YBBN
Posts: 1,022
Likes: 0
Received 0 Likes
on
0 Posts
People who want an airline job should make contact with an airline ASAP BEFORE spending lots of time and money on training.
PM me if you like