STATEMENT OF TUITION ASSURANCE FOR EXEMPT VET STUDENT LOANS (VSL) PROVIDERS
1. Tuition assurance protects students in the event a course provided by an approved VSL provider ceases to be provided after it starts but before it is completed. Affected students are offered a replacement course with another provider and where this is not possible, the students’ FEE‑HELP balance for the affected part of the course will be re-credited.
2. As an approved provider under the VET Student Loans Act 2016, Media Makeup Academy & Agency Pty Ltd ABN: 79094 423 435 ACN: 094 423 435must be a party to an approved tuition assurance arrangement or have an approved exemption in place.
3. It is intended that, from 1 January 2018, Media Makeup Academy & Agency Pty Ltd will be exempted from the requirement to be a party to an approved tuition assurance arrangement. Instead, Media Makeup Academy & Agency Pty Ltd is required to comply with interim arrangements which ensure similar tuition assurance protection is provided to students.
4. This statement sets out the interim arrangements for tuition assurance that will apply from 1 January 2018 and Media Makeup Academy’s obligations from that date.
5. If any changes occur to the proposed arrangements outlined below, a revised statement will be provided on Media Makeup Academy’s website and advised to all students that have enrolled in the intervening period.
What happens if Media Makeup Academy ceases to provide a course after it starts but before it is completed?
Information for affected students
6. Media Makeup Academy will notify affected students in writing that an approved course is no longer provided within 2 business days after Media Makeup Academy ceases to provide the course after it starts but before it is completed.
7. As soon as practicable, Media Makeup Academy will also update its website to reflect that the course is no longer being delivered and to give students information about the tuition assurance arrangements.
8. The Commonwealth Department of Education and Training (the Department) (or a consultant engaged by the Department) will work with affected students to identify a replacement course and arrange for students to be placed with replacement providers.
9. Replacement courses must meet the following requirements:
10. Affected students will be offered a replacement course and may seek a review about whether the course offered to them meets the requirements for replacement courses.
11. A student who accepts the replacement course offered will not be required to pay the replacement provider for the replacement components of the replacement course. However, the fees payable for the remainder of the replacement course may be different from the fees payable for the original course.
12. A student who accepts the replacement course offered will also receive course credits for parts of the original course successfully completed by the student, as evidenced by:
13. Each affected student will have a period of six (6) months in which to accept the replacement course offer. The Department may extend that period in circumstances that justify an extension.
14. If an affected student enrols in a course that is not a replacement course, the student may be required to pay additional tuition fees, and might not receive the course credits the student would have received if the student had enrolled in a replacement course.
Re-crediting of students’ FEE-HELP balances
15. Where there is no suitable replacement course for a student, Media Makeup Academy will re-credit the student’s FEE-HELP balance for the affected parts of the original course. The amount re-credited will be equal to the amount of VET student loan used to pay tuition fees for the student for the course, or parts of the course.
16. Media Makeup Academy will not accept tuition fees paid up-front greater than $1500. When VET Student Loans has not been accessed by the student a payment plan in put in place via a Direct Debit Agreement and is paid in weekly instalments.
17. For tuition fees paid up-front below $1500, students should be aware that there is no formal protection in place and students will be responsible to seek a refund for these fees directly from Media Makeup Academy if Media Makeup Academy fails to provide the agreed services. Media Makeup Academy has in place. Please click to view policy http://www.mediamakeup.com.au/apply-now/vet-s/vet/
18. If the provider is under external administration, this may require the student submitting a proof of debt with the external administrator.
19. It is suggested best practice for students to retain assessments, records of competencies or statements of attainment that they receive from their education provider.
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