NSFASNational Student Financial Aid Scheme (South Africa)
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In January, NSFAS spokesperson Kagisho Mama- bolo, in remarks to the press, seemed more confident, suggesting the scheme's past resilience in the face of pervasive loan defaults by beneficiaries puts it in good stead to handle the impromptu free education policy: "Our debtors were not paying back the student loans and we were able to still fund new students going forward.
He said the NSFAS funding has increased from 441 million rand in 1997 to 9.5 billion rand in 2015.