Thousands of NSFAS Students Owe Money to Universities
Almost 30 000 NSFAS students are in debt and must pay their Universities, according to the Democratic Alliance. They have said that this is due to inefficiencies at NSFAS.
29 140 students, who are or were funded by NSFAS, currently owe money to their respective institutions. This is said to be due to inefficiencies at the financial aid scheme.
Democratic Alliance (DA) MP and Shadow Minister for Higher Education, Chantel King, said in a statement, "The DA can reveal that 29 140 students currently owe money to universities as a result of inefficiencies at the National Student Financial Aid Scheme (NSFAS)."
She continued to say that the Minister of Higher Education for the country, Blade Nzimande, said that the reason behind this debt is because NSFAS are either with payments or didn't pay the full amount they needed to.
The constant challenge of rising student debt because of NSFAS incompetence has caused a great threat to the financial stability of many universities across the country and contributes to the instability on campuses.
King then places the blame on NSFAS due to it's "inability to synchronize university and TVET college registration systems with their systems for ease of access and a faster turnaround time", which she says then negatively impacts students waiting on funding outcomes.
The DA is now calling for some of NSFAS function to be decentralised to the financial aid offices found at Universities and College. They then want NSFAS offices to be found at Universities and Colleges, which they hope would help aid any delays.
"It would certainly be better and work faster if universities and TVET college registrations were synchronized with NSFAS systems."
The spiralling of student debt is indicative of systematic and administrative failures which have been ongoing for a very long time ... It is high time NSFAS and institutions work hand in hand to avoid future disruptions.
NSFAS issues have been at the centre of many protests and controversies, which the political party says "result in higher learning institutions continuing to bear the brunt".
King concludes the statement, "Only a different NSFAS funding model with decentralised processes into higher education institution will help to limit the delays and produce a sustainable and long-term solution."
The Careers Portal has asked NSFAS for a comment and is awaiting a response.
This is a developing story.
A background in Logistics offers one the qualification to be able to oversee or organize the transportation, storage and distribution of goods within a business’ supply chain, which represents a vital part of the business’ ability to perform efficiently. For someone who has their sights set on a career in Logistics, South African private and public universities offer a great variety of qualifications within this field to choose from.
Most popular articles today
A bunch of us are patiently waiting for NSFAS to announce when their 2022 applications will open. Now, the financial aid scheme has given us some insight into why we are seeing this delay.
Applications to register for the Second Chance Programme are currently open. The programme aims to help those learners who did not pass their National Senior Certificate or Extended Senior Certificate. Below you may find more about this program.
Other people were also interested in:
The Funza Lushaka Bursary is a program established to support teaching studies and available to qualified students to complete a teaching degree. If you are a UINSA student and you want to find-out if your PGCE qualification will be funded by the Funza Lushaka bursary, we have answers for you.