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Gov’t readies to go after student loan debtors

Monday, April 10, 2023 | 220 Views |

With graduates failing to repay their loans due to high unemployment among other things, government has revealed that it will be able to trace former student loan beneficiaries by 2025.

This week Minister of Education and Skills Development (MOESD) Douglas Letsholathebe admitted that it has not been easy to establish the exact amount owed to government due to initial shortcomings of the manual sponsorship process employed for the tracking of tertiary education funding.

Responding to a question in Parliament, Letsholathebe said due to the scale of this operation, it is planned to complete in March 2025. Furthermore, the ministry commissioned a project to undertake the migration to a larger system, upgrading and enhancement of the Student Loan Management System in July 2019.

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Gov’t readies to go after student loan debtors

With graduates failing to repay their loans due to high unemployment among other things, government has revealed that it will be able to trace former student loan beneficiaries by 2025.