The National Student Financial Aid Scheme (NSFAS) is seeking to recover an estimated R8 billion from people who are defaulting on their student loans.
This money could assist almost double the number of students benefiting from the scheme. NSFAS expects to fund about 415 000 students during 2015.
The scheme has conceded that it will not be able to fund all students who have applied for funding. NSFAS says it is only aware of 800 students who will not get funding although their applications have been approved.