Student Loan Is Not Enough

This is a nationwide issue

Affecting:

Accommodation, Broadcasting and Media, Education, Electronics, Financial and Banking, Public Services / Government, Science & Technology, IT / Communications,

The current student loan is $160 which has just gone up from $150. I have only just realised the increase. I have read that they are now annually adjusting the student loan amount from the CPI.

I read about what the CPI is, it is a representation of the annual change in the cost of goods and services for private use.

I want to point out that the last year includes a huge drop due to the price change on petrol. This drop has reduced the overall increase in the CPI. That drop is because for a short amount of time the price of petrol was very high and not because of a long term trend.

The timing of the inclusion of the CPI on student loans is somewhat to be desired. I think the selection of the CPI on student loans is a misrepresentation because students don't spend money on what the rest of the country spends money on. If the price of petrol drops, the student loan shouldn't drop. Not many students can afford access to cars.

What we're doing about it

0 Popular Solutions to this, 2 other possible solutions

Around here we don't just talk about issues, we come up with solutions and do something about it!

Solutions

Scrap income thresholds for students receiving an allowance

3 people support this, addressing Student Loan Is Not Enough

Students receiving a student allowance can only earn a maximum of $192 before tax per week, add this to approximately $180 received from the government in Student Loan and Allowance, and full-time students with skills who also work part-time are e... see details

Time_Trade

0 people support this, addressing Student Loan Is Not Enough

Using Time & talent instead of money to get things done. An alternative currency based around communities of people that are willing to support, collaborate and work with each other. It can not replace cash but can help us get more done with l... see details