Students in limbo after Aspire College collapse
ONE of Australia’s largest vocational education companies has stopped classes across the nation blaming changes to the Federal Government’s student loan scheme.
Aspire College of Education, RTO Services Group, The Design Works College of Design and the Australian Indigenous College all went into administration last Tuesday.
Aspire College of Education has four campuses in western Sydney, including in St Marys, Bankstown, Parramatta, Liverpool and Campbelltown.
A letter to students by the administrators appointed for the companies, Hall Chadwick, advised the colleges have been suspended until further notice while investigations continued.
Discussions were continuing around whether the colleges would reopen, or if students would be transitioned to new colleges, the administrator, Richard Albarran, wrote.
The letter blamed the major changes to the student loan scheme VET FeeHelp implemented by the Federal Government, adding that the changes had placed significant pressure on the continued operation of the colleges.
“The owners of the colleges have exhausted all available means to continue operating and, with great reluctance, have been forced to place the colleges into voluntary administration,” Mr Albarran wrote.
Students will be updated on the situation by the administrators via email, the letter stated.
The St Marys campus opened about three years ago and offered diplomas in business, leadership and community services.