What it is
The Student Start-up Loan is a voluntary $1,094 loan for eligible students who get Youth Allowance, Austudy or ABSTUDY Living Allowance.
You can get the loan up to 2 times a year, once each loan period.
Loans are tax free and you don’t need to declare them to us as income for your regular student payment.
You have to pay back the loan once you start earning a certain amount of income. You should think about how this will impact you in the long term before you apply.
Watch our video about the Student Start-up Loan.
If you're a student getting Youth Allowance, Austudy or ABSTUDY Living Allowance, you might be able to get a Student Start-up Loan.
Page last updated: 8 June 2021
This information was printed 16 July 2021 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/student-start-loan/what-it. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.