TRANSCRIPT
Mr Selby (Chair): Ladies and gentlemen, we have so far addressed most of the crucial
issues that are affecting the broader society and our immediate
families, such as high student drop-out and failure rates. We are all
aware of our country's declining economy especially after the
outbreak of Covid 19, load shedding and the high level of corruption
in the country. Most members of our households are unemployed
as a result. The socio-economic decline of the country directly or
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Mr Moss:
Ms Small:
ENN1504/02/2024
indirectly affects the smooth running of some institutions of learning
like ours, which depends on the tuition fees paid by the parents. I
am aware that most of the students applied for funding through the
National Student Financial Aid Department. Unfortunately, not all
our students were lucky enough to get approval and receive the
funding. About 60% of the students, therefore, owe their tuition
fees. This makes it very difficult for the college to sustain itself
because it is through the tuition fees that a lot of debts are
covered, including electricity and water bills. The lecturers
employed on fixed-term contracts get paid through the tuition fees.
Resources such as computers, library books, sport equipment, to
name a few, are purchased through that money as well. Without
tuition fees, the institution cannot survive. The challenge we are
faced with is, how can we help each other to resolve the students'
debts to sustain the institution? I therefore suggest that we discuss
agenda item 4.1: Students' tuition fees debts.
Thank you very much, Chair. The College Board acknowledges
the financial struggles that the parents are going through. It is just
unfortunate that the National Students' Financial Aid Department is
unable to fund every applicant for various reasons. Thus far, the
College Board has recommended that some of the debtors be
handed over to the credit bureau for further investigations.
Ladies and gentlemen! Finances are a very sensitive topic. Most
of us parents are really trying hard to make payments, but like you
already said, Chair, it is such a struggle. One of the reasons why
I, and maybe most of us parents, struggle to pay our children's
tuition fees is that we are over-indebted. I heard about debt
counselling over the radio and TV and visited one of the National
Credit offices to find out if I could not get assistance with
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