Dirtydeedsman
Active member
I have so many mixed feelings about THIS,
For example what happens when the State fails to pay the commercial banks?
Will the department of home affairs hold your passport or blacklist it until such a time that you are done paying the loan?
Payments to carry on for as long as possible... With the price of a basic degree then that means pay until you are retired so we are forever in Debt.
Who pays for the written off amount?
Also the rand has reacted to this in a rather negative way.

For example what happens when the State fails to pay the commercial banks?
Will the department of home affairs hold your passport or blacklist it until such a time that you are done paying the loan?
Payments to carry on for as long as possible... With the price of a basic degree then that means pay until you are retired so we are forever in Debt.
Who pays for the written off amount?
Also the rand has reacted to this in a rather negative way.