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What happens to NSFAS loans if varsities shutdown?

04 October, 04:30 AM

The National Student Financial Aid Scheme (NSFAS) has a budget of around R10-billion for 2016 - 2017 to support needy tertiary students.

Earlier this week Gwede Mantashe, SG of the ANC, said final-year NSFAS loans become grants for students who pass all subjects in their final year.

In 2013 around 20% of South Africa's university students were supported by NSFAS. In 2014 the fund accepted 186,150 applications for support (out of 289,105).*

South African universities have been gripped by student protests over fee increases (capped at a maximum of 8% for 2017) for two weeks.

Vice Chancellor Max Price of the University of Cape Town has issued warnings over the consequence of long-term university closure.

News24's Erin Bates asks NSFAS spokesperson Kagisho Mamabolo who is liable for NSFAS loans should universities close for months on end.

Watch for his answer.

*This is according to data on the NSFAS website.

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