Starting 1 January 2017 the Federal Government introduced two significant changes in processing of VET FEE‑HELP loans: eCAF and VET Student Loans.
Avaxa has developed Strata functionality to manage those changes and enable efficient and effective processing of both the eCAF applications and VET Student Loans. This functionality is available in Strata Release 4.2, in time for 2017 student enrolments.
One of the exciting and financially beneficial capabilities added in this release is the management of Remaining Skills First Funded Hours. This enables accurate calculation of the number of training delivery hours which the RTO can claim for from the Government prior to enrolment.
Other changes in this release include significant enhancements to the existing DELTA contracts import functionality, and the HESG and ASQA standards related modifications to Student Training Plans.