WHEN IS NSFAF ENTITLED TO DEMAND REPAYMENT OF THE LOAN FROM THE DEBTOR?

Within 6 (six) months from date of expiration of the final academic year wherein he/she completed his/her studies and obtained his/her Qualification;
The debtor has become employed or receives an income;
The Debtor abandons or cancels the studies for which the loan was granted, or the Debtor cancels the Loan;
The Debtor changes from the approved Institution to another or changes his/ her Qualification, without prior written approval of the Fund;
The Debtor commits any breach of the Contract;
If the Fund is not satisfied with the Debtor’s results and cancels or withdraws the loan in terms of clause 5 (Cancellation and Withdrawal of Loan) in which case the total amount expended by the Fund will become repayable;
In the event that the Debtor has breached the Contract prior to the death of the Debtor, repayment may be demanded from the
Debtor’s estate.

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