User:T.Rex2476/sandbox

Debt Servicing and Education

← Previous revision Revision as of 10:59, 27 April 2026 Line 14: Line 14: Government spending on education as a percentage of [[Gross domestic product|Gross Domestic Product (GDP)]] in South Africa was 6 percent in 2024. <ref name=":0" /> Government spending on education as a percentage of [[Gross domestic product|Gross Domestic Product (GDP)]] in South Africa was 6 percent in 2024. <ref name=":0" />

[[FeesMustFall|FeesMustFal]]<nowiki/>l protests in 2015, led by students experiencing the effects of fees on education, resulted in government action to reduce fees on higher education. [[FeesMustFall|FeesMustFal]]<nowiki/>l protests in 2015, led by students I protest against increases in fees on education, resulted in government action to reduce the fees on higher education.



== Education Aid == == Education Aid == [[File:Distribution of individuals not attending school due to lack of funding.png|left|thumb|Distribution of individuals not attending school due to lack of funding.]] [[File:Distribution of individuals not attending school due to lack of funding.png|left|thumb|Distribution of individuals not attending school due to lack of funding.]] Education financing in the form of international aid, or [[Official development assistance|Official Development Assistance (ODA)]] in South Africa is minimal; accounting for 0.8 percent of government spending on education in 2022. <ref name=":0">{{Cite web |title=World Bank Open Data |url=https://data.worldbank.org/ |access-date=2026-04-24 |website=World Bank Open Data}}</ref>Education aid from the government is the dominant form of education aid in South Africa. 692,704 students entering school have received [[National Student Financial Aid Scheme|National Student Financial Aid Scheme (NSFAS)]] funding for 2026, and 550,959 continuing students have also received this aid.<ref>{{Cite web |last=Ntanzi |first=Hope |date=2026-04-24 |title=NSFAS disburses over R6.3 billion as more than 1,24 million students approved for 2026 funding |url=https://iol.co.za/news/south-africa/2026-03-05-nsfas-disburses-over-r63-billion-as-more-than-124-million-students-approved-for-2026-funding/ |access-date=2026-04-23 |website=IOL |language=en}}</ref> NSFAS was established in 1999 and continues to aid students today. They issue upfront payments to be disbursed by schools, including tuition and one month of meals, accommodation, personal care, and travel allowances. <ref>{{Cite web |title=NSFAS media briefing on preparations for the 2026 academic year {{!}} South African Government |url=https://www.gov.za/news/media-statements/nsfas-media-briefing-preparations-2026-academic-year-06-jan-2026 |access-date=2026-04-23 |website=www.gov.za}}</ref> Education financing in the form of international aid, or [[Official development assistance|Official Development Assistance (ODA)]] in South Africa is minimal; accounting for 0.8 percent of government spending on education in 2022. <ref name=":0">{{Cite web |title=World Bank Open Data |url=https://data.worldbank.org/ |access-date=2026-04-24 |website=World Bank Open Data}}</ref>Education aid from the government is the dominant form of education aid in South Africa. 692,704 students entering school have received [[National Student Financial Aid Scheme|National Student Financial Aid Scheme (NSFAS)]] funding for 2026, and 550,959 continuing students have also received this aid.<ref>{{Cite web |last=Ntanzi |first=Hope |date=2026-04-24 |title=NSFAS disburses over R6.3 billion as more than 1,24 million students approved for 2026 funding |url=https://iol.co.za/news/south-africa/2026-03-05-nsfas-disburses-over-r63-billion-as-more-than-124-million-students-approved-for-2026-funding/ |access-date=2026-04-23 |website=IOL |language=en}}</ref> NSFAS was established in 1999 and continues to aid students today. As a result of FMF in 2017, NSFAS funding is now dominated by bursaries and grants, while previous funding was in the form of loans that students had to repay after graduating. The NSFAS issues upfront payments to be disbursed by schools, including tuition and one month of meals, accommodation, personal care, and travel allowances. <ref>{{Cite web |title=NSFAS media briefing on preparations for the 2026 academic year {{!}} South African Government |url=https://www.gov.za/news/media-statements/nsfas-media-briefing-preparations-2026-academic-year-06-jan-2026 |access-date=2026-04-23 |website=www.gov.za}}</ref> Other forms of aid in South Africa includes the Funza Lushaka bursary (primary education qualifications), Education Outcomes Fund (primary ed funding for all students),

== Debt Servicing and Education == == Debt Servicing and Education ==

The South African government spent 20% of its budget on education in 2023, while it spent 15% on [[Debt servicing]]. <ref>{{Cite web |title=The Latest Breakdown of South African Government Spending |url=https://www.statssa.gov.za/?p=19013 |access-date=2026-04-27 |website=www.statssa.gov.za}}</ref> One of the concerns in the FeesMustFall protests was the risk of poor students becoming entrenched in debt through loans that they could not pay back. <ref>{{Cite web |title=Sage Journals: Discover world-class research |url=https://journals.sagepub.com/action/cookieAbsent |access-date=2026-04-27 |website=Sage Journals |language=en |doi=10.1177/0263775820942522?casa_token=wS3tEV1EkMgAAAAA:QipTRjz7Pcxt80pPmAk-RPLMTaSFNldOlCIaTvgWE_Fz2JGlmUxCXg6q4pmxzJBGJbllQQ34c2g}}</ref>In response to FeesMustFall, and the growing concern of prolonged debt, the NSFAS began offering bursaries of up to 40% of loans to students based on academic success. <ref>{{Cite web |title=Apply for financial assistance from NSFAS {{!}} South African Government |url=https://www.gov.za/services/tertiary-education/apply-financial-assistance-national-student-financial-aid-scheme-nsfas |access-date=2026-04-27 |website=www.gov.za}}</ref> [[Debt servicing]] in South Africa == IMF and World Bank Conditionalities and Education == == IMF and World Bank Conditionalities and Education ==

The [[International Monetary Fund|IMF]] and the [[World Bank Group|World Bank <br />]] The [[International Monetary Fund|IMF]] and the [[World Bank Group|World Bank]] == Illicit Financial Flows and Education == == Illicit Financial Flows and Education ==


== Historical Impacts of Cuts to Education Funding == == Historical Impacts of Cuts to Education Funding ==


== Impacts of Climate Change on Education? == <references /> <references />