Fees report: Nsfas’ Nxasana says income contingency loans simply not practical
Nsfas chairperson Sizwe Nxasana says Treasury doesn’t have the capacity to give loans to all students who require funding.
JOHANNESBURG - National Student Financial Aid Scheme (Nsfas) chairperson Sizwe Nxasana says the proposed loans to fund higher education in the country are simply not practical.
President Jacob Zuma finally released the Heher Commission report which looked into the feasibility of free higher education.
One of the recommendations made by the commission includes income contingency loans (ICL) from commercial banks to replace the current Nsfas scheme.
Nxasana says Treasury doesn’t have the capacity to give loans to all students who require funding.
“The model of these proposed ICL is problematic to the extent that these loans will be made available to all students. And there are a number of difficulties with that."