Are you employed and have been avoiding repaying your NSFAS loan? Well they will be speaking to your bosses.

The National Student Financial Aid Scheme (NSFAS) confirmed that they will be targeting companies that employ most of its debtors.

According to the bursary scheme's spokesperson Kagisho Mamabolo, this forms part of their recovery campaign that has seen them collect over R19million from more 19 000 debtors.
"NSFAS executive officer, Mr Msulwa Daca will be spending time now and then meeting with big companies that have employed most of the NSFAS beneficiaries as well as calling them directly to ask them why are they not helping out other students the same way that we helped them," said Mamabolo.
Over R6billion is owed to the bursary with a significant number of debtors holding senior positions in public and private sector.
"Our debtors are employed both in the private and government sectors. We have a total of 109 284 debtors that are currently employed in the private sector, while 81 000 debtors are currently employed by government," he said.
SA Revenue Services (SARS) has an obligation to assist NSFAS in tracing its debtors and their efforts have been fruitful as they managed to track down at least 190 000 (out of 247 913 total debtors) of its employed debtors and will be paying them a visit.
Mamabolo said that some of the debtors claim they have not been paying because of affordability while others say they have not been receiving statements.
Debtors are obligated to start making repayments as soon as they earn more than R30 000 per annum, about R2500 a month.
"If a borrower fails to make repayments as provided in this Act (The NSFAS Act 56 of 1999, s21 (b)), his or her name may be placed by the board on any list of defaulting debtors published by any person or body whose business it is to compile and publish such lists," said Mamabolo.

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