Absa and Feenix Trust unlock economic opportunity by clearing student historical debt for graduates

 

For many South African students, completing a qualification does not automatically mean stepping into the next chapter of life.  Each year, thousands of students finish their studies but cannot graduate because of unpaid university fees from previous academic years.

This unpaid balance, known as historical debt, refers to outstanding student fees owed to universities that prevent students from receiving their certificates, accessing official transcripts, or formally graduating. Without these documents, employment opportunities are delayed and years of academic effort remain stalled, not because students lack ability, but because debt stands in the way.

Through a partnership with the Feenix Trust, Absa is able to provide assistance in addressing this final obstacle by clearing historical student debt at selected public universities. By settling verified debt directly with participating institutions, subject to eligibility criteria, the partnership aims to remove the final barrier preventing capable graduates from transitioning into economic activity.

This initiative forms part of Absa’s commitment to being a purpose-led Pan-African financial institution committed to developing Africa’s youth.  

“When debt is lifted, we unlock economic opportunity which is critical considering South Africa’s high youth unemployment rate,” says Clement Motale, Interim Managing Executive for Corporate Citizenship at Absa Group. “Graduation becomes possible, and economic inclusion is unlocked. Through this partnership, we are deliberate about impacting the youth of our nation.”

This intervention applies strictly to historical debt and does not cover current-year tuition fees. Applicants must have completed their qualification, and the outstanding balance must be the sole reason they are unable to receive their graduation certificate. 

How to apply

Students who believe they may qualify are encouraged to visit www.bursaries.feenix.org/absa  to begin the application process.

On the website, applicants can review the full eligibility criteria, download the required documents (including the EEA1 form), follow the step-by-step application guidance and submit their completed online application.

Through this partnership, Absa and Feenix are supporting our youth to enable an economically inclusive future.