NSFAS Urges Students To Pay Back Student Loans
Students who had their higher education funded by NSFAS are now being encouraged to pay back their student loans. NSFAS has been criticised for their administration and lack of efficiency.
NSFAS is now encouraging past students to repay that which they owe NSFAS.
An issue NSFAS has found is that funds are not being repaid by students who were funded when NSFAS was a loan scheme.
"Before 2018 fee free education, students understood that to be funded by NSFAS as a loan, you have to repay it back," said Mamabolo.
In 2018, NSFAS changed from a loan scheme to a bursary scheme. The bursary will cover your tuition and registration fees along with your accommodation, transport and books.
NSFAS has recently said:
Funds received through repayments are reinjected into a new budget which allows us to fund more students.
They then went on to explain that repayment must start once a debtor is employed and earning an income that is above R30 000 per year.
Students protest every year for free education. During his presidential term, former President Jacob Zuma, promised students that there would be free education.
However, current Higher Education Minister, Blade Nzimande, has set the record straight and said that this was incorrect and that government has the job of providing free education to students who come from poor and working class background which he says is being done through NSFAS.
Former student activist, Shaeera Khalla, told Carte Blanche:
When the free education announcement was made by President Jacob Zuma, there was no indication of where the money was coming from ... You're not seeing any real change in these systems.
She feels that government has not found a solution to that issue and that NSFAS is actually a problem even though it's being seen as part of the solution.
"Fundamentally, we cannot say that NSFAS has become a competent institution that can administer the funds that have been put into it."
Shakeerah, from Careers Portal, sits down with Min'entle from The Knowledge Trust, to talk about their new WhatsApp Expo! This is the world's first ever WhatsApp Expo and is a 3-month experience covering Guidance, Education, and Employment.
Most popular articles today
The Basic Education Minister addressed the media on Friday afternoon where she gave an update on the Basic Education Employment Initiative. This initiative sees thousands of youth being hired to fill school assistant job vacancies.
Other people were also interested in:
The learner dropout rate in South African public schools led to the Basic Education Minister declaring it as a crisis. The Zero Dropout Campaign has been advocating for strategies to keep learners at school, as President Cyril Ramaphosa encouraged in the National Teachers Award Ceremony last week.
A group of Grade 12 pupils in the Western Cape will soon be writing Africa's first-ever matric paper on marine science. One of them went down her journey in studying the subject over the past three years.