Tertiary students have found way of cheating the loan system to get allowances of up to $300 a week, even if they're already getting big handouts from their parents.
Checkpoint has also learned that some parents are in on it; funnelling money into businesses and trust funds so it appears that their household income is below the eligibility threshold.
Unlike the student loan living costs payment, the allowance doesn't need to be paid back.
Ineligible students who are being saddled with huge student loan debts say it's just not fair.
Bella Craig reports.
