A Shorten Labor Government will introduce a loan cap of $8,000 a year in the VET FEE-HELP program as part of an integrity package to stop the massive waste of taxpayers’ money, to prevent price gouging of students and improve training outcomes.

Under the Liberals, the VET FEE-HELP loans scheme has escalated from $699 million in 2013 to $1.7 billion in 2014 and is expected to have blown out to over $3 billion for 2015.

At the same time, students are being ripped off by unscrupulous colleges and dodgy providers - and taxpayers are being forced to pick up the tab.

Labor will stop this waste of taxpayers’ money and exploitation of students. Our plan will restore integrity to the system, by cleaning out the dodgy private providers who have been ripping Australians off for too long.

Labor’s plan to rein in these taxpayer subsidies and restore integrity to the vocational education sector will save Australian taxpayers $6 billion over ten years.