Pay back what you owe NSFAS - Treasury

2016-09-20 21:11

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Cape Town - National Treasury on Tuesday called on NSFAS beneficiaries with jobs to start repaying their loans as it scrambles to find money to subsidise poor students.

“This is part of each citizen’s responsibility to play a part in helping other students who are in need of financial aid,” it said in a statement.

Treasury said it would continue discussions with the Department of Higher Education and Training on the fees matter. The results of this process would be made public during the mini-budget to be presented at the end of October.

Higher Education and Training Minister Blade Nzimande announced on Monday that universities could increase fees by up to 8% for 2017.

The “missing middle” - those classified as “too rich” to qualify for government support, but “too poor” to afford tuition fees - would not have to pay the increment set by their institutions.

Nationwide protests

Nzimande said government would help households with an income of up to R600 000 per annum with subsidies.

“The department is embarking on a prioritising drive and working with various departments and agencies to address the shortfall," the department said in a statement.

"In the present constrained fiscal environment this is an extremely challenging situation."

Those who could afford it should pay as it would let government help poor students.

Deputy Higher Education Minister Mduduzi Manana reminded students in July to start paying back what they owed the National Student Financial Aid Scheme, which provides loans and bursaries to poor yet academically eligible students.

"At least 70% of working NSFAS beneficiaries are able to purchase cars and houses in their first three years of working. We need to remind them to pay back what they owe to NSFAS," he said at an education symposium in Mpumalanga.

Students across the country had been protesting at tertiary institutions to freeze tuition fees, until the implementation of free and quality education.

In October 2015, President Jacob Zuma announced that students would not have to bear the costs of a fee increase following nationwide protests that culminated at the Union Buildings in Pretoria.

Government provided R1.9bn of the R2.3bn shortfall in university funding resulting from 0% fee increase for 2016.

Follow the student fees debate on Twitter:

Tweets about student fees

Read more on:    nsfas  |  jacob zuma  |  blade nzimande  |  university protests  |  education  |  university fees

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.

Inside News24

Competition regulation for a growing and inclusive economy

ADVERTORIAL: The Competition Commission of South Africa is conducting advocacy work in the South African automotive aftermarket industry and has gazetted a Draft Code of Conduct for public comment.


Man scores date with tennis superstar after Twitter bet

It’s a modern day Cinderella story, but one American man took ‘shoot your shot’ seriously in 2017.


You won't want to miss...

Who are the highest paid models of 2017?
10 gorgeous plus-sized models who aren't Ashley Graham
5 top leg exercises for men
10 best dressed men of 2017
Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.