What about those students who applied for the nsfas and in bad credits? I wonder if they going to grant them with monies,
Hlako Sent via my BlackBerry from Vodacom - let your email find you! -----Original Message----- From: thabo mathiba <[email protected]> Sender: [email protected] Date: Fri, 27 May 2011 14:06:05 To: <[email protected]> Reply-To: [email protected] Subject: Re: [YCLSA Discussion] Blade Nzimande to cut student debt great work by the minister,what no happen to those who are already owing huge amount from the intrests rates that accumulated from 1st day of loan agreement,i mean pre-April this year,is he saying we where disadvantaged by our previous ministers. On Fri, May 27, 2011 at 7:14 AM, Dominic Tweedie <[email protected]>wrote: > > [image: The Times] > > > *Blade Nzimande to cut student debt* > > > *Sapa, The Times, Johannesburg, 26 May 2011* > > In an effort to reduce debt owed by students, the National Student > Financial Aid Scheme (NSFAS) will not charge interest on student loans until > 12 months after graduation, Higher Education Minister Blade Nzimande said on > Thursday. > > This applied to NSFAS loans registered from April 1 this year. > > Nzimande said NSFAS previously charged interest on student loans from the > moment the loan was taken. > > "This has resulted in students leaving university with unmanageable debts," > he told reporters in Parliament at a pre-budget vote briefing. > > He said NSFAS was meant for "poor" students or students from "poor" > households and that charging interest on these students' loans from the > start placed them in debt even before they began working. > > Nzimande said R2,7 billion was given to NSFAS in the previous financial > year to assist students. This was increased to R5,4bn in this financial > year. > > He said that although the figure had doubled, the number of students > receiving loans would not necessarily double, but would drastically > increase. > > Students who had completed their studies, but who not yet graduated or > received their certificates because of outstanding fees with their > institutions, would also be able to apply to NSFAS for a further loan to > settle payment. > > NSFAS would receive R200 million from the department to grant these loans. > > "This will enable more than 25,000 students to receive their certificates > and enter the job market." > > Nzimande said R50m had also been provided for post-graduate students who > required financial assistance to complete their degrees. > > He said 63,000 students at Further Education and Training Colleges would > also be able to access NSFAS loans. > > In addition, the department had asked NSFAS to remove all students it had > listed with credit bureaux. > > He said some students were prevented from renting flats or buying vehicles, > which they needed for work purposes, because they were blacklisted. > > The department was also "engaging" with universities to remove students, > especially NSFAS students, they had listed with credit bureaux. > > Nzimande said this did not mean that graduates who had jobs could escape > paying back their student loans. > > The department would approach the SA Revenue Service to assist in "tracing > and forcing" the students to pay, he said. > > "We want to get back every cent that should be paid. It is indeed > irresponsible not to pay. We are appealing too these people to pay." > > > *From: > http://www.timeslive.co.za/local/article1087474.ece/Blade-Nzimande-to-cut-student-debt > * > * * > * * > * * > * * > > -- > You are subscribed. This footer can help you. > Please POST your comments to [email protected] or reply to > this message. > You can visit the group WEB SITE at > http://groups.google.com/group/yclsa-eom-forum for different delivery > options, pages, files and membership. > To UNSUBSCRIBE, please email [email protected]. > You don't have to put anything in the "Subject:" field. You don't have to > put anything in the message part. All you have to do is to send an e-mail to > this address (repeat): [email protected] . > -- Mr Mmamadimo Ephraim "Thabo Mathiba Cell No:0849782879 Fax No:0865462214 Other Email:[email protected] -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] .
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