School Saving Bonus

School Saving Bonus 

Dear parents and carers,

You may have seen the recent announcement of the School Saving Bonus, as part of the Victorian Budget 2024/25. We are sharing more information about how families will be able to access and use this support. 

This one-off support will include $400 for each eligible student to help families cover the costs of school uniforms and activities in 2025. 

It will be available to parents and carers of every child enrolled in a Victorian government school in 2025. 

Cash will not be paid directly to individuals or families. Instead, families will receive the bonus as credits on their school accounts that will help meet the costs of your children’s activities and uniforms. 

Existing supports 

The School Saving Bonus support will be in addition to existing and continuing means-tested supports for camps, sports, excursions and uniforms. 

The application-based Affordable School Uniform program, through State Schools’ Relief, will continue to be available to families experiencing financial hardship or other forms of vulnerability and short-term crisis. This program allows schools to make multiple applications for support on parents' behalf throughout the year if needed. 

There will be more information and guidance about the School Saving Bonus in Term 3, 2024, ahead of its implementation in 2025. 

Kind regards,

Dean King