Published: 27 January 2025
You can take out a SSL up to twice a year if you’re getting an eligible student payment.
SSLs are a voluntary, tax free loan that can help with your study supplies, travel expenses and living payments.
You can borrow $1321 up to twice a year if you’re getting Youth Allowance, Austudy or ABSTUDY Living Allowance.
You’ll need to pay back the amount you borrow plus indexation. Over time this can add up to a lot of money.
You should think about how this will impact you in the long term before you get one.
This information was printed 31 January 2025 from https://www.servicesaustralia.gov.au/student-start-up-loan-ssl-applications-are-open-now. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/site-notices when using this material.