University of Cape Town (UCT) students gather at the Upper campus during the FeesMustFall protests on October 05 2016 in Cape Town.
JOHANNESBURG - The Presidency on Monday released the much-anticipated report of the commission of inquiry into the feasibility of making higher education free in South Africa.
The inquiry found that free university education is not viable, but recommended that Technical Vocational Education and Training (TVET) be made free.
The commission recommended that government increase its expenditure on higher education and training to at least one-percent of GDP.
The recommendation that TVET studies should be free is being seen as a victory for former higher education minister Blade Nzimande.
The commission recommended that all undergraduate and postgraduate students studying at both public and private universities and colleges, regardless of their family background, be funded through a cost-sharing model of government guaranteed income-contingency loans sourced from commercial banks.
Through this cost-sharing model, the commission recommended that commercial banks issue government-guaranteed loans to the students that are payable by the person upon graduation and attainment of a specific income threshold.
Should the student fail to reach the required income threshold, the government bears the secondary liability.
The commission recommended that application and registration fees be scrapped across the board.