$1321 Cash Boost in Australia: In Australia, many students and low-income individuals are searching for financial support to help cover essential expenses. One such assistance program is the $1321 Cash Boost, a Student Start-up Loan provided by Centrelink. This initiative is designed to support eligible students with study-related costs, ensuring they can focus on their education without financial stress.
Understanding how to apply, eligibility criteria, and key dates is crucial for those who want to benefit from this financial aid. This guide provides everything you need to know about the $1321 Centrelink Cash Boost, breaking it down into simple, easy-to-follow steps.
$1321 Cash Boost in Australia
Aspect | Details |
---|---|
Program Name | Student Start-up Loan |
Amount | $1321 per loan period |
Eligibility | Full-time higher education students on Youth Allowance, Austudy, or ABSTUDY |
Application Period | January 1 – June 30, July 1 – December 31 |
How to Apply | Through Centrelink via myGov account |
Repayment | Repayable through the tax system once earning threshold is met |
Official Resource | Services Australia |

The $1321 Cash Boost, or Student Start-up Loan, is a valuable financial aid option for eligible Australian students. It provides much-needed support for study-related expenses, allowing students to focus on their education. However, it’s important to remember that this is a loan, and repayments will be required once income thresholds are met.
To apply, ensure you meet the eligibility criteria and submit your application through Centrelink via myGov within the designated timeframes. For more information, visit the official Services Australia website.
What is the $1321 Cash Boost (Student Start-up Loan)?
The Student Start-up Loan is a voluntary financial assistance option available to students receiving Centrelink payments. This loan of $1321 per period is provided twice a year to help with study-related expenses like textbooks, technology, transport, and other necessary costs.
Unlike a grant, this is a loan, meaning it must be repaid once your income reaches the required threshold. However, students can opt out if they do not want to accumulate additional debt.
Who is Eligible for the $1321 Cash Boost?
To qualify for the Student Start-up Loan, applicants must meet the following eligibility criteria:
- Be receiving one of these Centrelink payments:
- Youth Allowance (for students and apprentices)
- Austudy (for full-time students aged 25 or older)
- ABSTUDY Living Allowance (for Aboriginal and Torres Strait Islander students)
- Be enrolled in full-time study at an approved higher education institution.
- Not be receiving a Commonwealth Scholarship for the same study period.
If you meet these conditions, you can apply for the $1321 Centrelink Cash Boost.
How to Apply for the $1321 Cash Boost
Applying for the Student Start-up Loan is straightforward. Follow these steps to complete your application:
Step 1: Log into Your myGov Account
Visit myGov and sign in using your credentials. If you don’t have an account, create one and link it to Centrelink.
Step 2: Navigate to ‘Student Start-up Loan’
Once logged in, go to Centrelink > Payments and Claims > Apply for Student Start-up Loan.
Step 3: Check Eligibility and Apply
Ensure your study details and Centrelink payments are updated. Fill out the application form, providing accurate information about your course and financial needs.
Step 4: Submit Your Application
After reviewing the details, submit the application. Centrelink will process your request, and you’ll receive a notification once it’s approved.
Step 5: Receive Your Funds
If approved, the $1321 Cash Boost will be deposited into your account within a few business days.
Repayment Process and Important Considerations
Since the Student Start-up Loan is a loan, repayment is mandatory once your income exceeds the repayment threshold. Here’s how it works:
- The loan is repaid through the tax system, similar to HELP loans (HECS-HELP).
- The repayment threshold for 2024-25 is $51,550 per year.
- The loan is indexed annually to keep up with inflation.
- Voluntary repayments can be made at any time to reduce the loan balance.
For more details on repayments, visit Australian Taxation Office (ATO).
Key Dates for Application
Applications for the Student Start-up Loan open twice a year:
- First Half: January 1 – June 30
- Second Half: July 1 – December 31
Ensure you apply within these timeframes to receive the $1321 Centrelink Cash Boost.
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Frequently Asked Questions (FAQs)
1. Do I have to pay back the $1321 Cash Boost?
Yes, since it’s a loan, you must repay it once your income reaches the repayment threshold.
2. Can I apply if I receive a Commonwealth Scholarship?
No, students who receive a Commonwealth Scholarship are not eligible for the Student Start-up Loan.
3. What can the loan be used for?
It can be used for study-related expenses, including textbooks, laptops, stationery, and living costs.
4. How long does it take for the payment to be processed?
Once approved, payments are generally made within a few business days.
5. Can I opt out after applying?
Yes, you can cancel the loan before the disbursement date if you change your mind.