Government funding of VET 2019
In 2019, government funding of the Australian VET system totalled $6.4 billion, up 3.2% compared with 2018. In 2019, compared with 2018, the Australian Government also provided $275.9 million for VET Student Loans (including grandfathered VET FEE-HELP loans), a decrease of $21.3 million (down 7.2%) and $222.4 million for Trade Support Loans, an increase of $10.4 million (up 4.9%).
In 2019, VET funds distributed totalled $6.4 billion, an increase in nominal terms of $334.6 million (5.5%) compared to 2018.
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