NSFAS is waiting for guidance from Higher Education Minister Blade Nzimande on whether there should be a payment holiday to students repaying their loans. lockdown
Johannesburg - The National Student Finance Aid Scheme is waiting for guidance from Higher Education Minister Blade Nzimande on whether there should be a payment holiday to students repaying their loans.
In his written response, Carollisen said they have sought direction from Nzimande in concurrence with Finance Minister Tito Mboweni on the possibility of extending a payment holiday in cases where that was specifically needed and motivated as such to the impact of Covid-19 pandemic. "It is also important to note that general NSFAS repayments are relatively lower than a typical bank repayment and therefore some debtors continue paying if they are still able to do so," Carolissen added. "The recoveries from previous NSFAS loan beneficiaries seem to have been negatively affected. This was already experienced before the pandemic impact."
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