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WATCH: The cost of free education
Argon Asset Management's Thabi Leoka talks to Business Day TV about some of the funding options for tertiary education
The Heher Commission's report recommends that the existing National Student Financial Aid Scheme (NSFAS) model be replaced by a new income contingency loan system. A cost-sharing model would include the banks and fees would be treated as loans, to be paid back once students earn a certain income. This stands in stark contrast to the new funding model that President Jacob Zuma is expected to announce - free education for all families earning less than R350,000 a year. Argon Asset Management economic strategist Thabi Leoka talks to Alishia Seckam on Business Day TV's News Leader about the options on the table and the feasibility thereof. OR LISTEN TO THE AUDIO:
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