nsfas corruption


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NSFAS assists poor students obtain qualifications by providing comprehensive financial aid. However, the SIU found system weaknesses in its ICT systems which could lead to financial losses for the government bursary scheme.

NSFAS has given details into how student allowances work for private accommodation. The financial aid scheme has also confirmed how allowances will work for private accommodation. 

Students will continue to receive NSFAS allowances through the direct allowance payment system in 2024. This is despite the boards intension to terminate contracts of service providers. 

NSFAS' reported lapses of control measures is negatively impacting the schemes ability recover money form indebted institutions and students. This was revealed by the Auditor General. 

Despite receiving thousands of applications for NSFAS loans, just over one hundred missing middle students have been approved for NSFAS loans. There are several reasons why this may be the case. 

Almost two million applications were submitted for NSFAS 2024 funding. The financial aid scheme has revealed how many students have been confirmed for funding for the upcoming academic year. 

Students at set to begin receiving allowance payments from NSFAS soon. How they will receive their NSFAS allowance payments has been revealed by NSFAS.

NSFAS oversees a budget of around R40 billion with the primary aim of assisting poor students on their tertiary education journey. An investigation into their affairs of NSFAS has highlights several challenges which could undermine their goals. 

NSFAS' mandate is to ensure poor students are not prevented from attending university because they cant afford it. However, it has been revealed that millions of rands have been spent by the scheme funding ineligible students. 

Despite threats of legal action, OUTA will not retract their report implicating the minister and NSFAS board chair in corruption. This comes month after the voice recordings were leaked to the public. 

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