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ANC clarifies student loan relief

Jan 10 2011 15:41
Fin24 & Sapa
Johannesburg - The ANC said on Monday that only loans taken from the National Student Finacial Aid Scheme would be eligible for conversion to bursaries and not those from commercial banks.

The clarification followed a statement on Monday morning on SAfm radio by ANC spokesperson Jackson Mthembu that the government intends looking at converting student loans from banks into bursaries,

"We will also look at students who have received loans from other institutions," Jackson said.

The ANC later contradicted the statement, saying the plan would cover only loans from the National Student Financial Aid Scheme, which is a government facility.

On Saturday President Jacob Zuma announced the provision for students who pass their final exams as part of plans to introduce free education up to undergraduate level.
jackson mthembu  |  jacob zuma  |  nsfas  |  bursaries  |  education



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