Explore how South African families are increasingly using debt not just for survival, but as a means to secure educational opportunities for their children amidst rising costs.
For many South African families, debt is no longer simply a tool for survival. It is increasingly being used to secure opportunities.
A friend recently told me she had taken out a student loan so her son could complete his studies. It was not a decision driven by extravagance, but by necessity. Without credit, his education would stall.
That reality is playing out across the country.
According to the Atlas Finance Statistical Review for April to December 2025, education-related borrowing accounts for 22% of total loan applications, making it the biggest reason consumers are taking out short-term loans.
