The National Student Financial Aid Scheme (NSFAS) has called for nominations for individuals to serve on its board of directors. The board will oversee the allocation of funds for approximately one million tertiary education students.
NSFAS comprehensive bursaries and student loans to deserving learners enrolled in approved courses at universities and TVET colleges. The funding includes tuition and registration fees as well as several allowances for food, accommodation, and learning materials.
An amendment published to the terms of reference of the NSFAS administration by newly-appointed Minister Dr Nobuhle Nkabane indicated that the scheme would be taken out of administration earlier than previously stipulated.
Freeman Nomvalo was originally set to serve as the administrator for two years, but his term could conclude by the end of the year or upon the appointment of a new NSFAS Board.
How The NSFAS Board Is Being Comprised
NSFAS revealed that to qualify for a board position, candidates must possess a minimum of a Master’s degree and have a proven track record in fields such as finance, law, ethics, economics, sciences, public administration, governance, engineering, or higher education.
They explained that successful candidates must bring a diverse range of expertise to the board and contribute to the scheme’s mission of supporting students financially.
NSFAS is also seeking individuals who have a deep understanding of the higher education landscape and its role in the country’s development.
The board composition must also reflect the diversity of South African society, with representation across race, gender, and disability.
Interested individuals can submit their nominations, curriculum vitae and a letter of consent, to NSFAS. Nominations must be received within 21 days of the publication of the notice.
Student Union
The Economic Freedom Fighters Students' Command (EFFSC) has acknowledged the opening of nominations for the new Board of the NSFAS.
The union criticised the past practice of appointing Board members in a non-transparent manner, accusing the ANC of allowing such appointments to happen without public scrutiny, leading to corruption.
They are demanding that all nominated members be interviewed publicly and urge those with the necessary expertise to participate in the nomination process, which closes on 3 September 2024.
