YA is a flexible income support payment that allows young people to move between a range of activities while remaining on the one payment. When a young person changes activities to or from being a full-time student or trainee, their maximum rate does not necessarily change. However, a young person has access to the higher income free area, student income bank and supplement loan depends if they are undertaking full-time study or training. Transfers between YA and other DSS payments and vice versa are simple. Customers will no longer be cancelled and have to reclaim different payments for minor changes in circumstances.
Payment is taxable and indexed annually.
There is no 'at home' rate and RA is not available. The SFSS is a voluntary loan scheme which gives tertiary students the option of borrowing money to help cover their expenses while studying. Students undertaking courses with a duration of more than one year may apply for a subsequent Financial Supplement for each individual calendar year they are studying. 1.1.5 Explanation of FAA FA reimburses the costs incurred by certain tertiary students for travel between their permanent home and their place of study. It recognises the difficulties faced by students who have to live away from home for study reasons.