a) The historical student loan book value:
As at year ended 31 March 2022, the nominal value of the student loan book was R41.0bn (2021: R40.3bn). The net/carrying value of the student loan book, after considering the adjustments in respect of the actuarial valuation, is R5.1bn (2021: R6.4bn).
b) Debt that has been settled:
During the year ended 31 March 2022 the entity recovered R303m (2021: R388m). The recoveries including debtors that has partially and fully settled their NSFAS debts.
c) Debt written off:
Write offs during the year ended 31 March 2022 because of debtors being deceased amounted to R120m (2021: R114m). This is included in the total aggregated valuation adjustments processed.