VET Student Loans Act 2016
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Hide history noteLoans that the Secretary approves and uses to pay tuition fees for a person are repayable under this Part.
A person incurs a debt (called a VETSL debt) each time a loan amount is used to pay tuition fees for the person. Each of those debts is then incorporated into a single debt called the person ' s accumulated VETSL debt.
An accumulated VETSL debt can be repaid in 2 ways:
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