The amount of Austudy payment you may receive depends on various factors, including your personal circumstances, income, and assets. The payment rates for Austudy are subject to change, so it’s important to check the official Services Australia website or contact Centrelink for the most up-to-date information.
However, here are the general payment rates for Austudy:
- Basic Austudy Payment: The maximum fortnightly rates are as follows depending on your circumstance.
Your situation Your maximum fortnightly payment Single, no children $562.80 Single, with children $720.40 A couple, no children $562.80 A couple, with children $612.60 This amount may be reduced based on your income and assets. If you have a partner, their income and assets will also be taken into account.
- Additional benefits and allowances: You may be eligible for additional benefits and allowances on top of the basic Austudy payment, depending on your circumstances. For example:
- Rent Assistance: If you pay rent and meet certain criteria, you may be eligible for Rent Assistance, which can provide additional financial support to help with your accommodation costs.
- Pharmaceutical Allowance: This allowance helps with the cost of prescription medications and is automatically included in your Austudy payment.
- Energy Supplement: The Energy Supplement is a regular payment to help with energy expenses and is included in your Austudy payment.
- Income and assets test: Austudy is subject to income and assets tests, which means that your payment amount may be reduced or affected based on your income and the value of your assets. The exact impact will depend on your specific financial situation and circumstances.
It’s important to note that the rates and thresholds for Austudy payments may change over time. To get the most up-to-date information regarding Austudy payment rates and any additional benefits you may be eligible for, it is recommended to visit the official Services Australia website or contact Centrelink directly. They will be able to provide you with detailed information based on your circumstances.