Questions asked over student payment system

The SchoolKids payment bonus that is issued to Aussies aged between 16 and 19 has come in for some criticism.

According to the Daily Telegraph, eligible people within this demographic have been receiving up to $820, which is supposed to help them cope with the cost of their education.

However, it seems that the money is going straight into their student bank accounts without them having to prove exactly how the cash is being spent.

Many youngsters who head into further education need all the financial aid they can get, as living costs in a lot of the nation's main university towns are sky-high at the moment.

Despite this, Federal opposition education spokesman Christopher Pyne told the news provider that the scheme is the latest example of the government's "shambolic handling" of programs.

"The failure of the policy is that it is not linked to education expenses," he was quoted as saying.

Have a question about student banking? Ask the money gurus at Mozo Answers.ADNFCR-1761-ID-801412569-ADNFCR