There’s still time to apply for a Semester 2 Student Start-up Loan

26 June 2019

Find out how to apply and when to expect payment.

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How to get it

You can get the Student Start-up Loan if you get any of the following:

You must also be doing or planning to do a Student Start-up Loan approved course.

We offer the Student Start-up Loan within the Youth Allowance, Austudy and ABSTUDY Living Allowance claims. If you’re eligible for the loan, we’ll offer it to you as part of your claim. You can choose to accept or decline it.

If you’re already getting a student payment, you can apply for the loan through your Centrelink online account. If your course doesn’t finish this year, you must apply before the end of the loan period. If your course finishes this year, then you must apply at least 35 days before your course ends. For semester 2 the loan period is 1 July to 31 December 2019.

If you’re not eligible for the loan, you won’t be able to apply in your online account.

You’ll have to pay back the loan once you start earning a certain amount of income.

When you’ll get it

Once we’ve processed your student claim or Student Start-up Loan application, we’ll send you a letter. It will tell you if you’re approved for a loan. If you are, we’ll pay one loan per loan period. You can get up to two loans per year.

If you’re starting a new course, we’ll pay the loan with your next student payment after your course starts.

If you’re continuing study in semester 2, we’ll pay it with your next student payment after 1 July.

You must get at least $1 of your student payment in that fortnight to get the loan. If you don’t, we'll check again each fortnight during the loan period.

When you do get at least $1 of your student payment, we’ll pay you the loan. This means you may get the loan at a later date.

You can check if we’ve paid the loan in your Centrelink online account through myGov. Select Payment History from the menu.

What to do next

Learn more about the Student Start-up Loan.

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Page last updated: 20 September 2019