Introduction to the Student Start-up Loan
As part of the 2014-15 Budget, the Government announced that it no longer wanted to make the Student Start-up Scholarship available to higher education students receiving student payments (Youth Allowance (student), Austudy or ABSTUDY Living Allowance). Students would instead be able to apply for an income contingent loan, to be called a Student Start-up Loan.
Legislation to give effect to this measure was passed by Parliament in December 2015, with a commencement date of 1 January 2016.
Students who received a Student Start-up Scholarship prior to 1 January 2016 and remained continuously on student payments (Youth Allowance (student), Austudy or ABSTUDY Living Allowance) will continue to receive that scholarship as a grant until coming off student payments. They will not be required to repay any part of the scholarship.
For more information, refer to:
From 1 January 2016, the current Student Start-up Scholarship will be replaced with an income-contingent loan, the Student Start-up Loan.