A Student Start-up Loan is extra help for students

4 February 2021

If you get a student payment, you can get the loan twice a year. It’s to help you with expenses while you’re studying.

If you’re getting Youth Allowance, Austudy or ABSTUDY Living Allowance you can apply for the Student Start-up Loan. You need to be a higher education student to apply.

The loan is a set amount of $1,094 per loan period and there are 2 loan periods each year. The first loan period runs from 1 January to 30 June 2021. The second period is 1 July to 31 December 2021. We pay it in a lump sum together with your regular student payment.

You need to meet the eligibility requirements to get the loan. You’ll also need to pay it back. Read more about repayment thresholds on the Australian Taxation Office website. This tells you when you’ll need to start repaying the loan.

You can usually get the loan if you’re studying at a higher education provider, like a university. You can’t get the start-up loan for Vocational Education and Training (VET) courses.

If you already get a student payment, we’ll pay you as soon as we process your loan. If you’re a new student, you’ll get it after you start your course.

You can apply for the loan online. Use your Centrelink online account through myGov.

You can check if we’ve already paid you this loan period. Go to the Payment History section of your Centrelink online account.

More information

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Page last updated: 4 February 2021