Payment options for domestic students

Don't let cost be a barrier to achieving your career goals. New Horizons offers a variety of payment options. To find out how you could start studying and get into that new job sooner, keep reading. 


How to pay


VET Student Loans

New Horizons Australia is an approved VET Student Loan provider. VET Student loans are currently available on the BSB51415 – Diploma of Project Management. If you meet the Australian Government's VET Student Loan criteria, you could be eligible for financial support to study.

To find out if you are eligible, call us on 1300 794 006, email us at info@nhaustralia.com.au or click the Ask a Question button.

How does a VET Student Loan work? A Vet Student Loan allows students to commence study with a no-upfront cost option. If you meet the course entry requirements and also meet the VET Student Loan requirements, students can then enter into a loan agreement with the Australian Government. You can then start to pay back the loan once you start earning above the repayment threshold. You can find out more at Study Assist Australia

Pay as you Go

If you're not an Australian Citizen but want flexibility to help you study sooner, just ask us about our Payment Instalment Plan.

Students pay 50% at the time of commencement, then pay the outstanding balance in equal quarterly payments.

Please note that a 5% processing fee does apply which is payable on commencement of your studies.

Pay Upfront

Students can commence study at any time.

If you're wanting to get the finances sorted and out of the way, New Horizons Australia will provide you with an invoice and payment details before you commence. All of the qualifications available through New Horizons Australia are GST exempt.

Payment must be made prior to commencement, but there is a cooling off period between enrolment and your due payment date.


VET Student Loans

The VET Student Loans program is an income contingent loan offered by the Australian Government that helps eligible students pay for some vocational education and training (VET) diploma level or above courses.

Students do need to fully inform themselves on how VET Student Loans work. The team at New Horizons can assist, but it's important to note the following points:

  • VET Student Loans are only available to Australian Citizens who meet the loan conditions.
  • Students are required to pay back the loan until the loan is repaid when their taxable income exceeds the government set threshold; as of 1 September 2017 this is AUD$54,126 per annum.
  • A VET Student Loan gives rise to a HELP debt that continues to be a debt due to the Commonwealth until it is repaid.
  • Repayment rates are split into tiers based on income brackets. The more you earn the quicker you pay it back.
  • There is a 20% Government Loan Administration Fee which is calculated up front on the full value of the loan.
  • There is no Interest on the loan but it does increase with CPI (inflation).
  • Students who apply for, and are approved for a VET Student Loan, have a cooling off period of 48 Business hours. Students have a Census Date; this means that until this date, students are not financially liable and can cancel at any time.
  • Please familiarise yourself with New Horizons Statement of Tuition Assurance for Exempt VET Student Loans (VSL) Providers.  

For full details just ask us, or visit Study Assist Australia



Payment options for international students

 

Fees vary depending on the Qualification you choose to study. 

All International students are required to pay an Enrolment Fee of AUD$350, a Materials Fee of AUD$500, and their Tuition Fees. It is important to know that Tuition Fees are set for the duration of study. Once enrolled, the Tuition Fees will not change.

The below table provides information about fees, how you can pay, and provides a link to our refunds and cancellations policy.

Please email us at study@nhaustralia.com.au if you have any questions about the fees or the payment process.

If you have already received your invoice, you can choose to pay your fees via our Partner Portal Cohort Go Pay.


How to pay

Enrolment Fee

All International students are required to pay a non-refundable Enrolment Fee of AUD$350.

Once payment is made, New Horizons will be able to issue a Confirmation of Enrolment letter so that you can then apply for your student visa. 

All students are responsible for arranging their own visa. Talk to us, or an International Education Agent if you need assistance. 

Materials Fee

International students are required to pay a Materials Fee of AUD$500.

This fee covers the cost of all class resources and materials required during your studies.

Payment Part One

Before students can commence study, you will be required to pay 50% of your Tuition Fees, plus any outstanding Material Fees. 

Students can opt to pay their fees via:

  • Credit Card
  • Direct Debit into our nominated bank account

Payment details will be provided on acceptance of your application. Please note, New Horizons does not accept cash payments, and payments made via American Express are subject to a 3% surcharge. You can arrange to pay your tuition fees through our partner Cohort Go Pay here.

It is also important for students to know that your bank may charge you international transaction fees or other service charges. Ask your bank to declare all fees to you before you agree to payment.

Payment Part Two

Once students have completed 50% of the units required for their qualification, the remaining balance of Tuition Fees are due. You can arrange to pay your tuition fees through our partner Cohort Go Pay here.

Students will not be able to continue studies until this remaining balance has been paid.

 

 


What happens if I need to make a change?

Our payment plans are designed to help students get into their dream careers faster. However sometimes things change, and it is important for all students to familiarise themselves with the Refunds and Cancellations Policy.

International students are also covered under the Australian Tuition Protection Scheme. Full details are available in our Refunds and Cancellations Policy.

If you are unsure of anything please just ask one of the team.