Austudy 2024: Latest News, Rates, Eligibility, and Payment Calculator
In this article, discover the latest updates on Austudy Payment 2024, including news, rates, eligibility, and payment calculator. Austudy is a federal financial support program designed to assist mature students and low-income learners in Australia. These payments fall under the Social Security Act 1991. For 2024, the Department of Human Services has introduced specific rate changes to address inflation. Keep reading to stay informed about Austudy Payment 2024 and more.
Austudy Payment 2024 Latest News
In 2024, Austudy Payment has seen an increase of $36.20 to $45.60 per fortnight, reflecting adjustments for inflation from January 2024. Austudy, a taxable Centrelink payment, offers financial assistance tailored to individual circumstances and eligibility criteria. Individuals aged 25 or above, enrolled in full-time Australian Master’s or Ph.D. programs, qualify for this income support from the Australian Government.
Starting January 2024, beneficiaries will receive higher payments based on their situations. For instance, singles with no children will get $639.00, while singles with children will receive $806.00. Couples will also experience an increase of $45.60, with those without children receiving $639.00 and those with children getting $691.80 fortnightly. Additionally, payment amounts are influenced by both individual and partner income, as well as total assets.
Austudy Payment Rates