Bursary Forgiveness Scheme – In a major breakthrough for thousands of financially struggling graduates and former students, the National Student Financial Aid Scheme (NSFAS) has officially confirmed the cancellation of over 67,000 student loans under its 2025 Bursary Forgiveness Scheme. The move, announced in early July, marks one of the most significant debt relief interventions in recent history and aims to bring renewed financial freedom to beneficiaries who have long been burdened by educational debt. The announcement, made by the Department of Higher Education and NSFAS officials, has already sent waves of relief across South Africa, particularly among low-income graduates who have struggled to repay their student loans due…
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