Replace NSFAS; recommends Heher Report on tertiary education fees.

Heher report on tertiary education fees recommended that NSFAS be replaced by a “cost-sharing model of government guaranteed Income-Contingency Loans sourced from commercial banks”

The presidency released the much anticipated report on Monday. The Commission of inquiry which was chaired by Honourable Justice Jonathan Arthur Heher, looked into the Viability of making High Education and Training Fee-free in South Africa.

“The Commission recommends that all undergraduate and postgraduate students studying at both public and private universities and colleges, regardless of their family background, be funded through a cost-sharing model of government guaranteed Income-Contingency Loans sourced from commercial banks.

“Through this cost-sharing model, the Commission recommends that commercial banks issue government guaranteed loans to the students that are payable by the student upon graduation and attainment of a specific income threshold. Should the student fail to reach the required income threshold, government bares the secondary liability.

In applying this model, the Commission recommends that the existing NSFAS model be replaced by a new Income Contingency Loan System. This is amongst other recommendations such as the total scrapping of application and registration fees.

President Zuma and the key stakeholders are yet to act on the recommendations of the commission.

“I will make a pronouncement on the Report once the Ministers have concluded their work. I have decided to release the Report prior to the conclusion of our work in processing it so that the public can have an opportunity to study the report while we continue with the processing thereof,”

 

 

Find the full report below.

http://www.thepresidency.gov.za/press-statements/release-report-commission-inquiry-feasibility-making-high-education-and-training

 

By: Naledi Sikhakhane

 

Radiodut.co.za

 

 

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