42 - Improving the Debt Crisis

Improving the Debt Crisis: Strategies for Managing and Reducing Student Debt in Higher Education

Presenter: Luvuyo Haas (UJ)
Chair: Tshegohatso Kgaile (SPU)

SYNOPSIS
Higher education is a powerful driver of personal and economic growth, yet for many students, the cost of obtaining a degree has become an overwhelming financial burden. Student debt is no longer just an individual concern; it has evolved into a national and global crisis that threatens social mobility, economic stability, and the sustainability of higher education institutions.
This presentation will explore the pressing issue of student debt, analyzing its impact from a global and South African perspective.
Moreover, this presentation will highlight practical strategies to effectively manage and reduce student debt. From leveraging digital transformation in debt collection to exploring innovative funding models such as work-study programs, alumni contributions, and public-private partnerships.
The presentation suggests a multi-faceted approach involving institutions, government, and private sector support to address the student debt crisis.