Action against study debt firm

2016-01-27 06:00

DEBTORS who owe the National Student Financial Aid Scheme (NSFAS) may end up blacklisted, NSFAS chairperson Sizwe Nxasana warned on Thursday (21/01). ?

“Regarding people who are unwilling to pay and are earning an income, we are simply going to follow the normal debt recovery process in a way which is a lot more robust and efficient,” Nxasana told journalists.

The NSFAS held a media briefing to outline its funding model for the year ahead.

Nxasana told journalists they were still owed R21 bn in loans and of that they had recovered over R200 m.

Half this debt came from current students, while the other half came from beneficiaries in the job market.

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