UPDATE: THE wait is over for thousands of anxious Victorian students following the release of this year's VCE results.
Some 46,939 students across the state began receiving their Australian Tertiary Admission Rank (ATAR) from 7am today in the culmination to years of schooling and hard work, the Herald Sun reports.
Frankston High School student Kali Wong, who achieved an ATAR of 99.55, was among those up early to get their results.The 18-year-old has applied for engineering at Monash University.
"I'm really happy," she said.
"All of the hard work pays off which is good - now I can really relax."
Suveena Ranzil, from Mac.Robertson Girls' High School, scored an impressive 99.85 and now plans to study medicine.
She only managed about three hours' sleep before this morning's results were released.
"I am very happy," she said.
Balancing study with sport and not leaving assignments to the last minute was the secret to VCE success, she said.
The results showed girls outperformed boys, but twice as many males as females have achieved the state's top rank.
Thirty-seven students - 25 boys and 12 girls - have topped the class of 2012 with ATARs of 99.95, the highest possible score.
Girls have an average ATAR this year of 66.02, compared with 64 for boys.
More than 20,000 students have registered to receive their VCE results and ATAR via SMS. Students also can log on to the website resultsandatar.vic.edu.au
Any student who receives an ATAR successfully completed the VCE and met minimum tertiary entrance requirements.
In all, 82,465 students will receive VCE subject results today; 642 students have recorded at least one study score of 50.
Congratulating the 49,686 students who will graduate with a VCE, Education Minister Martin Dixon said that while excelling at VCE was a terrific achievement, great results were not the only measure of success.
Adolescent psychologist Dr Michael Carr-Gregg said it was important for students who did not do as well as they hoped to remember there was life after VCE. "It's not the be all and end all," he said.
"One of the difficulties is many kids think they are their ATAR score.
"I think the most important thing for any parent to say to any kid on an issue like this is, 'If you can't change something, you can always change the way you think about it'."
VTAC deputy director Suzanne Connelly said the first step was not to panic.
She urged disappointed students to see a careers counsellor. She said there were many courses by which a student might be able to take a longer route to achieving their dreams.
Students should consider other courses and other tertiary institutions.
A student could go to TAFE instead of a university and transfer later.
Ms Connelly said that if a course was a student's dream and the ATAR was clearly too low, the student could still apply, especially if there had been a request for special consideration.
Tertiary preferences can be changed until noon next Monday. Ms Connelly urged students to search courses on the VTAC website and attend the change-of-preference seminars at universities and TAFEs.
VTAC will answer questions on Facebook from noon to 2pm today. Students with queries can call 1800 653 080.
Read more at the Herald Sun.