The SSL is a voluntary and tax-free loan that helps with study supplies, travel costs, and living payments.
You can borrow $1349 up to twice a year if you’re eligible or getting Youth Allowance, Austudy, or ABSTUDY Living Allowance.
You’ll need to pay back the amount you borrow plus any extra charges like indexation.
This amount can add up over time. It’s important to think about how it will affect you in the long term before you apply.
You can apply now for the January to June loan period.