STU­DENT DEBT

Finweek English Edition - - THE WEEK -

Stu­dents who ben­e­fit­ted from the Na­tional Stu­dent Fi­nan­cial Aid Scheme (Ns­fas) still owe the scheme R21.3bn, with a re­cov­ery pro­gramme launched in Oc­to­ber 2015 only net­ting about R19.9m from 19 000 for­mer stu­dents to date, The Cit­i­zen re­ported. In to­tal, the state fund­ing scheme has about 191 000 debtors, of whom about 110 000 were em­ployed in the pri­vate sec­tor and 81 000 by gov­ern­ment. Ns­fas said it planned to meet com­pa­nies that em­ployed most of its ben­e­fi­cia­ries in an ef­fort to re­cover what they owed, the news­pa­per re­ported. A lack of fund­ing was one of the key is­sues cur­rent stu­dents have been protest­ing about.

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