In recent years, student debt in South Africa has grown to around R16.5 billion. This money, owed to universities around the country, does not only impact operations at the institutions, but also the students with outstanding fees.
The University of South Africa (Unisa) has announced that they will be taking steps to address the student debt owed to them. The university has over R830 million of historical debt from students who did not have the financial means to pay their outstanding fees at the university.
Unisa explained that many students who owe the institution money remain in the university system. However, due to the outstanding fees, these students are unable to register or progress to the next level of their course or even graduate and exit the tertiary education system.
The university has set up a crowdfunding mechanism that seeks to address and reduce the R830 million in historical debt at the institution.
They said, “Please donate R70 or more using the https://unisa.devman.co.za/advancement/debtrelief/giving/ online facility which is secure and convenient.
Minister of Higher Education Dr Blade Nzimande revealed that more than R5 billion of the national student debt (R16.5 billion) is owed by students who are funded by the National Student Financial Aid Scheme (Nsfas).
Nsfas will address this R5 billion student debt through its close-out project. The project has however been delayed as nine Technical and Vocational Education and Training (Tvet) colleges have not submitted their close-out reports.