Since 2025 has begun, the Australian government has initiated some schemes through which it is giving financial help to its youth. One of the prominent schemes is that of $153.50 per fortnight payment, which is being undertaken by students, college and vocational students who are below the age of 21.
This economic support is particularly significant for individuals, including the cost of your stakeholders. Through this support, the young ones can concentrate on their studies and hobby, without any cost burden.
Here, we will realize in depth the key criteria of this scheme – it consists of: It includes: It includes: It includes.
What is $153.50/fortnight payment?
This payment is a significant scheme of the Australian government, which will offer financial support to financially needy youth. In this scheme, those youth who are eligible will need to pay $153.50 per fortnight, so that they can greet their young participants.
This payment is normally provided by Centrelink, which is a social service agency of the government. But this benefit will only be available for adolescent children who are fit under the specific children with disabilities criteria.
Eligibility for $153.50/fiver payment
If you wish to receive this financial aid, you need to fill up the Aadhaar card:
1. Age and residence status
- This payment is eligible for Australian citizens or permanent residents below the age of 21.
- You need to be residing in Australia to claim benefits under this program.
2. Income and asset limits
The government performs age and asset checks to make sure that only disabled children are given this benefit.
- If you have high income or more assets, you might not be qualified for this payment.
- But if you have low income and fewer assets, you can take advantage of this scheme.
3. English education or apprenticeship
- It will be benefiting only the children who are fully studying, in an educational program, or taking vocational training.
- The goal is to provide that this support goes to only the youth working diligently for their interest.
4. Other assistance to youths
- In case a young person is disabled, he is entitled to Youth Disability Supplement as extra help.
- Teenagers will be required to pay an extra $159.30 fortnightly under this scheme.
How to apply for $153.50/month payment?
If you wish to get financial help under this scheme, you must go through the step by step:
Step 1: Confirm eligibility
- Ensure that you qualify for the Age, Education, Education or Institution, and Income-Asset Student before applying.
- You may find out whether you qualify for this scheme through Services Australia’s Payment Finder tool.
Step 2: Collect as required
You will require the following study:
- Proof of identity (birth certificate or passport)
- Residence certificate (citizenship certificate or permanent resident card)
- Proof of income and assets (salary document, bank deposit or tax return)
- Education or school certificate (school or school certificate)
Step 3: Submit application
-You can apply online using the Services Australia website.
- You can also apply at a visitor Centrelink office.
- In addition to this, you can also apply over the phone.
Remember that the application process takes a few weeks, so apply early.
Step 4: Periodic review of eligibility
- If your application is successful, Centrelink will regularly check your financial status and education level.
- If you have any changes in your income, you need to inform Centrelink.
Financial management tips for young people
Even though it will decrease the financial means of children, it is important to use it wisely. Here are some tips:
| 💰 Financial Tip | 📌 Description |
|---|---|
| Create a Budget | Prioritize essential expenses like rent, food, and transportation. |
| Save for Emergencies | Set aside some money for unexpected expenses. |
| Track Your Expenses | Use budgeting apps or spreadsheets to monitor your monthly expenses. |
| Take Advantage of Student Discounts | Use student and apprentice discounts whenever possible. |
Other financial support schemes
In addition to the $153.50/fiver payment, the government also provides other support schemes:
- Job Seeker Payment – for unemployed young people.
- Rent Assistance – to cover the cost of rent.
- HECS-Help – funding for university students.
For more details about these schemes, see the Services Australia website.
Financial support is changing in 2025
The government has introduced some significant changes in 2025:
Youth Allowance increase of $17.30 per fortnight.
Disability support increase.
Minimum wage improvements.
Personal experiences: How does this payment assist?
19-year-old intern Sarah has this to say:
This payment has been a lifesaver for me. It assists me with paying for my transport, equipment and other expenses.
Alex, a student at the University of Sydney, reports:
Youth Allowance has enabled me to concentrate on my studies, which has prevented me from financial stress.
FAQs
Q1. Who is eligible for the $153.50/fortnight payment?
Young Australians under 21 years, including students, apprentices, and those with disabilities, who are citizens or permanent residents.
Q2. How can I apply for this payment?
You can apply online via the Services Australia website or visit a Centrelink office in person.
Q3. Do I need to be studying full-time to receive this payment?
Yes, but apprentices and vocational trainees are also eligible. It’s not limited to university students.
Q4. When will I receive the payment?
The payment is deposited directly into your bank account every two weeks.
Q5. What happens if my income increases?
Centrelink regularly checks your financial situation. If your income exceeds the limit, your payment may be reduced or stopped.