NSFAS to blacklist students who don't repay their loans

NSFAS has outlined their revised funding model for the year ahead in order to address grievances of protesting students.

70'2 Xolani Gwala on Thursday spoke to EWN reporter Ziyanda Ngcobo regarding the National Student Financial Aid Scheme.

Listen to the interview below:

This revised means test will be relative and more sophisticated... The means test will also seek to address the high drop-out rates by poor students as well.

Ziyanda Ngcobo, EWN reporter

...They've been in talks with various stakeholders, including the private sector, to absorb those graduates so that they can repay their loans.

Ziyanda Ngcobo, EWN reporter

...They will calculate how much they can repay over which period. Those who are refusing to pay will follow the normal debt recollection processes.

Ziyanda Ngcobo, EWN reporter

In another interview, Xolani spoke to NSFAS chairman, Sizwe Nxasana, regarding the details of the revised funding model and how it will be implemented.

Listen to the interview below:

At the moment, the NSAFAS means test is based on simply applying a model which tests whether a person earns R122 000 and less. But there are cases where people earn R300 000 but they support eleven children.

Sizwe Nxasana, NSFAS chairperson

The new means test will be more sophisticated compared to the model that we have at the moment... It will come into effect in 2018.

Sizwe Nxasana, NSFAS chairperson

The National Credit Act is clear on the processes that have got to be followed... It is absolutely important that we follow the process of any credit provider in collections.

Sizwe Nxasana, NSFAS chaiperson

Recommended

by NEWSROOM AI
Read More
10 business tips to boost you through a tough economy

10 business tips to boost you through a tough economy

Business growth specialist, Pavlo Phitidi tracks down previously profiled businesses and advises them on their next level growth.

Zuma lashes out at 101 ANC stalwarts in policy conference opening salvo

Zuma lashes out at 101 ANC stalwarts in policy conference opening salvo

President Zuma went 'off script' on Friday when he castigated his detractors saying many denied being on the 101 stalwarts list.

Explore the magic of Madeira at the Caravela Portuguese Festival

Explore the magic of Madeira at the Caravela Portuguese Festival

This weekend, all roads lead to the magical Madeira Day festivities at Montecasino.

"Whackhead" Simpson's song about Carl Niehaus was one of Redi's faves

"Whackhead" Simpson's song about Carl Niehaus was one of Redi's faves

In 2009 Carl Niehaus was forced to step down as ANC national spokesperson after fraud allegations surfaced.

Mr. Tlhabi bids Mrs Tlhabi farewell on her last radio show #FarewellRedi

Mr. Tlhabi bids Mrs Tlhabi farewell on her last radio show #FarewellRedi

Brian Tlhabi says his wife, Redi Tlhabi makes him super happy and continues to wish her the best with her future endeavours.

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

[LISTEN] Van Breda's call to emergency services: 'My family and I were attacked'

The chilling call Henri van Breda made to emergency services on the night his mother, father and big brother were hacked to death.

Popular articles
New visa rules a relief for our economy and for jobs, says WC MEC

New visa rules a relief for our economy and for jobs, says WC MEC

The Western Cape government and SA Tourism have welcomed the amendments to South Africa's visa regulations.

New visa amendments to ease travel arrangements for foreign nationals with kids

New visa amendments to ease travel arrangements for foreign nationals with kids

Home affairs Acting Director General at Dept of Home Affairs Thulani Mavuso explains the new visa amendments.

'She says I'm just waiting for this c**lie to move so I can take the photo'

'She says I'm just waiting for this c**lie to move so I can take the photo'

A caller on the Eusebius McKaiser Show, Zeenat says she was called a derogatory word for Indian on Heritage Day.

'This leaked document is calling a spade a spade'

'This leaked document is calling a spade a spade'

Breakfast Show Host Bongani Bngwa shares his views on the leaked report from the Thabo Mbeki Foundation.

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

[WATCH] Vietnam's The Bachelor uproar as female contestants run away together

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

SAHRC Vaal River crisis inquiry begins on Monday

SAHRC Vaal River crisis inquiry begins on Monday

As a response to residents' concerns, The Human Rights Commission is set to begin their inquiry into the Vaal River.