i heard from a guy who was studyn through a loan provided by NSFAS, which allegedly is supposed to help the poor get tertiary education. This guy graduated and passed with flying colors, but for three years he couldnt get a job. After those 3years, his loan debt had increased to more than R52000, up from the original R28000 he borrowed. When he asked why the debt was so high, they said its interest accumulated. He also claims he never recived any letter from them during those 3years. Whether that is true or not is out of the question because school loans with accumulative interests to people who know little about financial education is daylight robbery. Worse is that these people are unemployed and this wasnt explained to them. How are they going to pay it back? Its as bad as a bank loan. What can one do in such a situation?