Lack of NSFAS Funds Slows Down Post-School Expansion
Due to NSFAS having insufficient funds earlier this year, they then had to reallocate funds within the department. Unfortunately, this has now lead to other areas of the department facing the consequences.
While presenting the Higher Education Budget Vote to Parliament, Minister Nzimande spoke on how the NSFAS shortfall impacted the rest of the department.
At the beginning of the year, NSFAS ran into some issues. It was then announced that NSFAS had insufficient funds to allocate funding to first0time entering students of 2021. The solution? The Department of Higher Education (DHET) then reallocated funds from within the department.
Nzimande said the following:
Following the shortfall experienced by NSFAS, we reprioritised our departmental budget to ensure that all deserving, NSFAS-qualifying students are able to receive funding for the 2021 academic year.
He then continued to say that, "the budget cuts will slow down even faster movement in the expansion of post school education and training opportunities".
The NSFAS approved budget for 2020/21 is R41.5 billion. This excludes the R6.4 billion additional budget approved.
NSFAS funding has increased from R5.9 billion in 2014 to R34.7 billion in 2020. In 2021, NSFAS funding is expected to be over R43 billion.
NSFAS received around 799 017 applications for 2021, with 67% of the new applicants being SASSA beneficiaries.
As for NSFAS appeals, 11 329 were received from those applicants who were rejected. This year, students who were rejected could appeal immediately after hearing their funding decision.
NSFAS also promised students that they would be receiving laptops to assist them with online learning, the new normal due to the pandemic. It took NSFAS a year to start delivering these laptops.
In ensuring that students are further supported in their studies, NSFAS awarded supply and delivery tenders for laptops for NSFAS students to four (4) service providers on 5 November 2020.
NSFAS received a lot of criticism for the massive delay in the delivery of these laptops. Nzimande explained, "surging global demand for laptops triggered by the pandemic meant that NSFAS could not meet its planned delivery of the laptop devices for 18 April 2021.
NSFAS is now said to be working on a revised timetable to deliver the laptops in batches until 30 September 2021.
Missing Middle and Postgrad Funding
The Department of Science and Innovation (DSI), which Nzimande is also the Minister of, will award bursaries to PhD students.
We are also examining new mechanisms, possibly backed by both public and private sectors, to support students in the so-called “missing middle” income bracket, and post graduate funding.
The Minister will table a plan which outlines options for student funding which will include Missing Middle funding as well as postgrad funding, and present it to Cabinet.
There are a variety of public tertiary institutions in South Africa that offer the opportunity for students to pursue a degree in Psychology. Studying a degree in Psychology will differ depending on various tertiary institutions and the type of Psychology specialisation that a student would like to pursue.
Nyari Samushonga, CEO of WeThinkCode_, sat down with Careers Portal to talk about coding, the importance of cultivating South Africa’s digital talent and tuition-free education. If you're interested in joining WeThinkCode-, we also have insight into how to apply.
Most popular articles today
Minister of Higher Education, Blade Nzimande, has now reiterated the fact that NSFAS beneficiaries who change courses won't have their funding affected by this move. NSFAS provides bursaries to students from poor and working class backgrounds.
SASSA has stated that it would be adding more provinces to its online system soon. This comes after they recently launched an online booking system for the assessment of Disability Grants which is currently only piloted and working in the Western Cape.
Have you been approved for the SASSA COVID-19 grant, but have not yet received your payments? Well, keep reading to find out if you will receive your grant payments.
The ANC along with Parents for Equal Education SA are planning to take the Western Cape Education Department to court to make them address the issue of unplaced learners in Western Cape. The school year is currently in the middle of it's second term.
Other people were also interested in:
After your Matric results are released and learners now know their results, some will be accepted at their respective institutions. Meanwhile, other Matrics would have received results that they are not satisfied. Here's the options available to you to make sure you still have a chance at getting into your dream institution.
Minister of Higher Education, Blade Nzimande, announced that NSFAS will not be taking late applications from students wanting to be funded for the 2021 academic year.
Applications for Rhodes University's 2022/2023 MA in Creative Writing course are now open. Rhodes University's MA in Creative Writing is committed to innovative approaches to literary production that expand the possibilities of writing.