Call for SARS to take money from graduates’ salaries to fund NSFAS

[Kirsten Minnaar]

Call for SARS to take money from graduates’ salaries to fund NSFAS

As universities grapple with growing student debt, some are proposing that NSFAS work with SARS to automatically deduct proportional repayments from graduates’ salaries once they begin earning.

 

[My_King]

I don't get why my money must be given to a varsity pisser.

 

[Crowley]

Choose wisely.

 

[EmmanuelGoldstein]

P1ss off

 

[R13...]

Seems fair. I thought they already do that.

 

[Bad Ballie]

If you got money from them to finance your degree then yes, you need to be forced to pay it back one way or the other. Of course, if you didn't get money from them then you owe them nothing and they can't take any money from you, it's the way things should be.

 

[TheChamp]

I don't get why my money must be given to a varsity pisser.

Were you funded by NSFAS?

 

[karnuffel]

I agree. Treat it like a student loan. Finish your studies and pay just 1% interest. Fck it up and pay 15%. Give a company some extra tax benefits or something if they take over a loan and pay it off (whether they lock the person into a contract with a hectic early termination clause or not is their business)

My student loan was one of the only things that forced me to complete my studies when I hit a really rough patch in my second year.

 

[Jet-Fighter7700]

how is NSFAS even funded if it isnt from graduates who entered the workforce and paid back their loans?

 

[Crowley]

how is NSFAS even funded if it isnt from graduates who entered the workforce and paid back their loans?

You know all those taxes you pay?

 

[Jet-Fighter7700]

You know all those taxes you pay?

they buy Bentley's for politicians and research trips to Disneyland?
or to bail out SOE's what cant pay the electric bill.

 

[My_King]

how is NSFAS even funded if it isnt from graduates who entered the workforce and paid back their loans?

 

[Crowley]

they buy Bentley's for politicians and research trips to Disneyland?
or to bail out SOE's what cant pay the electric bill.

Currently, public universities across South Africa are reportedly owed more than R10.5 billion by NSFAS.

Connect the dots...

 

[Bad Ballie]

how is NSFAS even funded if it isnt from graduates who entered the workforce and paid back their loans?

Well in theory that's the way it should work, but reality as you know means that a large portion of the loans are not being repaid and that's the issue. I would assume that each year less is recovered and less is being given out.

 

[Jet-Fighter7700]

Well in theory that's the way it should work, but reality as you know means that a large portion of the loans are not being repaid and that's the issue. I would assume that each year less is recovered and less is being given out.

so there's the problem right there, university isnt free, lecturers dont work for peanuts
somebody needs to start figuring out where the money is going to

or as usual it all gets gobbled up by the usual suspects.

 

[Kosmik]

If you got money from them to finance your degree then yes, you need to be forced to pay it back one way or the other. Of course, if you didn't get money from them then you owe them nothing and they can't take any money from you, it's the way things should be.

100%, low interest student loan , only payable on employment, nothing wrong with that at all.

 

[Spizz]

Dunno what it’s like now, but when I graduated Uni in the UK in the 90s, the money you owed to the equivalent of NSFAS remained as a debt in a low interest account and you started paying it back after you started working and only then when you earned over a certain salary amount.