Break Free From Student Debt: FASSET Opens Applications for 2025/2026 Study Debt Relief
South African graduates carrying the weight of unpaid student fees now have hope. The Finance and Accounting Services Sector Education and Training Authority (FASSET) has launched its Outstanding Study Debt Repayment Programme, offering crucial financial support to help professionals move forward in their careers. With applications open until 27 February 2026, here’s everything you need to know about this life-changing opportunity.
Why This Programme Matters
Every year, thousands of graduates face locked academic records and limited career opportunities due to outstanding university debts. FASSET’s initiative directly addresses this crisis by:
- Clearing debt up to R80,000 per year for successful applicants
- Supporting both employed and unemployed professionals
- Targeting finance/accounting sector workers and related fields
Who Qualifies for Relief?
Eligibility requirements include:
- Sector Connection:
Current employment in finance/accounting OR
Membership in sector-related professional body OR
Work with FAS-aligned NGOs/CBOs - Education:
Completed qualification relevant to finance/accounting sector - Financial Limits:
Employed: Annual salary ≤ R660,000
Unemployed: Household income ≤ R1 million - Debt Type:
Outstanding NSFAS/university loans for completed qualifications
Required Documentation
Prepare these essential documents (PDF format only):
- Certified ID/Passport copy
- Employment letter (if working) or income affidavit (if unemployed)
- Academic transcripts & qualification proof
- Official debt statement from institution/NSFAS
Programme Benefits & Limits
- Maximum support: R80,000 debt clearance per year
- Selection basis: First qualified applicants receive priority until funds expire
- Funding impact: Helps release academic certificates & improve job prospects
Urgent Application Advice
With funding allocated on a first-come, first-served basis, early application significantly improves success chances. The 27 February 2026 deadline applies to both 2025 and 2026 funding cycles.
Simple Application Process
- Access online form: https://forms.office.com/r/hj5NyP22ZS
- Complete all personal/work/education fields
- Upload required PDF documents
- Review & submit before deadline
After Submission
- Successful applicants: Receive notification within 3 months
- No news: Assume unsuccessful if no contact after 90 days
Broader Programme Impact
This initiative does more than clear debts – it unlocks potential:
- Enables career progression through released academic records
- Reduces financial stress for job-seeking graduates
- Strengthens SA’s finance sector by retaining skilled professionals
Key Dates
- Applications Open: Now active
- Final Deadline: 27 February 2026 at 00:00
Note: FASSET reserves full rights to determine fund allocation based on application quality and available budget. Incomplete submissions will be automatically disqualified.
Take Control of Your Future
Don’t let student debt dictate your career trajectory. This programme offers a concrete path to financial freedom for qualified finance/accounting professionals. Gather your documents, verify your eligibility, and apply today to transform your educational investment into career success.
Need help? Contact FASSET directly through their official channels for application assistance.
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