Original article by Julie Hare, Kylar Loussikian
The Australian – Page: 2 : 5-Oct-16

The Federal Government will introduce a new student loans scheme, amid revelations that the cost of the VET FEE-HELP scheme has blown out to $A6bn since it was launched in 2012. The scheme was exploited by many private vocational education providers, with many charging exorbitant fees for courses that had little prospect of leading to employment. The new Vocational Education and Training Students Loans scheme will impose stricter eligibility criteria for courses, while student loans will be capped.

CORPORATES
AUSTRALIA. DEPT OF EDUCATION AND TRAINING, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, CORNERSTONE INVESTMENTS