Hi there. I am a 56 year DSP recipient. I am also studying for a Bachelor Degree. To "help" with my studies, Centrelink advised me that I would be able to get a "SUPPLEMENT" called Pensioner Education Supplement added to my pension. What this equated to was a Once a year payment (usually at March) of $260, with a fortnight payment of an extra $64. This of course was great, extra money to help with the costs of studying, Yipeee...
But, what was never told to me, nor does it even hint at it on the Centrelink website (https://www.servicesaustralia.gov.au/individuals/services/centrelink/pensioner-education-supplement) that...
This is in fact a loan.. Yep so now on top of my HECS I have accrued $4820 which they charge me 1.8% interest indexed each year..
I only found this out because it now appears on my Taxation file as a "Student Financial Supplement Scheme (SFSS) 553" and appears as an income for taxation purposes.
And yes I feel ripped off... Any advise or help would be appreciated.. Forgive me if I am wrong but how can a "supplement" suddenly become a "loan" and "income" with an interest rate I certainly did not agree to or approve..
Is this another sneaky ROBODEBT disguise????