Free education in South Africa is a possiblity

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The current student protests in South Africa have brought to light the fact that more funding and more capacity are required to make higher education accessible to all.

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The current student protests in South Africa have brought to light the fact that more funding and more capacity are required to make higher education accessible to all, including financially disadvantaged students. It was recently estimated that an extra R8 billion per year would allow the government to pay for the tuition fees of all university students in the country.  The good news is, this is not as unrealistic as it may seem, if one thinks out of the box.

 

Innovative Financing for Development (IFD) is helping a growing number of emerging countries, many of them African, to fund their socio-economic development. Through IFD, these countries are able to leverage their domestic resources to generate additional revenue that does not come from loans, the Development Bank or any other form of Official Development Aid. Haiti is a glowing example of the successful implementation of an IFD mechanism: by levying micro-contributions on phone calls and money transfers made by the diaspora, the government is now able to send 1.4 million children to school free of charge. Free education is now becoming a reality in Haiti…and so could it in South Africa. 

 

Read the original article.

 

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The current student protests in South Africa have brought to light the fact that more funding and more capacity are required to make higher education accessible to all.

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The current student protests in South Africa have brought to light the fact that more funding and more capacity are required to make higher education accessible to all, including financially disadvantaged students. It was recently estimated that an extra R8 billion per year would allow the government to pay for the tuition fees of all university students in the country.  The good news is, this is not as unrealistic as it may seem, if one thinks out of the box.

 

Innovative Financing for Development (IFD) is helping a growing number of emerging countries, many of them African, to fund their socio-economic development. Through IFD, these countries are able to leverage their domestic resources to generate additional revenue that does not come from loans, the Development Bank or any other form of Official Development Aid. Haiti is a glowing example of the successful implementation of an IFD mechanism: by levying micro-contributions on phone calls and money transfers made by the diaspora, the government is now able to send 1.4 million children to school free of charge. Free education is now becoming a reality in Haiti…and so could it in South Africa. 

 

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The current student protests in South Africa have brought to light the fact that more funding and more capacity are required to make higher education accessible to all, including financially disadvantaged students. It was recently estimated that an extra R8 billion per year would allow the government to pay for the tuition fees of all university students in the country.  The good news is, this is not as unrealistic as it may seem, if one thinks out of the box.

 

Innovative Financing for Development (IFD) is helping a growing number of emerging countries, many of them African, to fund their socio-economic development. Through IFD, these countries are able to leverage their domestic resources to generate additional revenue that does not come from loans, the Development Bank or any other form of Official Development Aid. Haiti is a glowing example of the successful implementation of an IFD mechanism: by levying micro-contributions on phone calls and money transfers made by the diaspora, the government is now able to send 1.4 million children to school free of charge. Free education is now becoming a reality in Haiti…and so could it in South Africa. 

 

Read the original article.

 

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