SSL - current rate

Current rates

In 2020, the amount of the SSL is $1,094 per qualification period (1 January - 30 June and 1 July - 31 December).

Indexation (1.1.I.100)

On 1 January each year, the amount of the SSL is indexed in line with CPI increases for the previous June quarter, rounded to the nearest dollar.

Timing of payments

A person can receive up to 2 loans per calendar year. The loan will be paid as close to the beginning of each university semester as possible.

Act reference: SSAct section 1061ZVBD Amount of SSL

Policy reference: SS Guide Student start-up loan (SSL) - description, 3.8.19 SSL - qualification & payability, 6.9 SSL Repayment Arrangements

Last reviewed: 2 January 2020