“That ICPA (Aust) lobbies relevant ministers to urgently review the Youth Allowance payment rate and seek an immediate increase to reflect the rising costs of living for geographically isolated students who have to reside away from home to access a tertiary education.”
The cost of living for university students has surged dramatically due to a confluence of housing shortages, escalating rent prices, and rising commodity costs. Many students struggle to secure affordable housing, often facing stiff competition for limited rental options, which drives prices even higher. Additionally, everyday expenses such as groceries, transportation, and utilities have also seen significant increases, further straining students' financial resources.
With strict criteria to access both dependent and independent Youth Allowance, families of these students are struggling to assist their children make ends meet while they study full time. Often a part time job is unobtainable due to heavy study workloads.
This economic pressure not only affects their academic performance but also their overall well-being.
