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Austudy: get paid to study a masters

Richard McKeon

Did you know you the government will pay you to study a postgraduate degree? Both Youth Allowance and Austudy are available to many postgraduate students, depending on a simple set of criteria.

Giving up a salary is one of the biggest costs in deciding to continue into postgraduate study, so any financial support provided to students is very important.

If you are 24 years of age or younger and studying full-time, then you still qualify for Youth Allowance during your postgraduate degree. Payment rates are between $240 and $570 per fortnight, depending on your circumstances. If you are 25 years of age or older and taking a postgraduate degree full-time, you can apply for Austudy instead. Payment rates are between $440 and $570 per fortnight, depending on your circumstances.

Austudy, however, has some further eligibility requirements, and is only available for some postgraduate degrees. According to the Department of Social Services, masters by coursework degrees are eligible “...where the course is the minimum educational requirement, the fastest pathway or the only pathway to gain an entry-level qualification for a profession”.

The Department of Social Services conducts an assessment process each year and invites higher education providers to submit their professionally oriented coursework masters programs for assessment. Below is a list of all master's programs which are currently approved for Austudy (as of November 2019).

Australian Catholic University

Australian National University

Bond University

Carnegie Mellon University Australia

Charles Darwin University

Charles Sturt University

Curtin University

Deakin University

Edith Cowan University

Federation University Australia

Flinders University

Griffith University

James Cook University

La Trobe University

Macquarie University

Monash University

Murdoch University

Queensland University of Technology

Royal Melbourne Institute of Technology

Southern Cross University

Swinburne University of Technology

University of Adelaide

University of Canberra

University of Divinity

University of Melbourne

University of New England

University of New South Wales

University of Newcastle

University of Notre Dame Australia

University of Queensland

University of South Australia

University of Southern Queensland

University of Sydney

University of Tasmania

University of Technology, Sydney

University of the Sunshine Coast

University of Western Australia

University of Wollongong

Victoria University

Western Sydney University

Source: https://www.legislation.gov.au/Details/F2019L00062