nsfas investigation


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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. 


Challenges at NSFAS was laid bare on Wednesday as the Auditor General briefed the higher education portfolio committee this week. Several recommendations were made to the financial aid scheme. 


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 money was meant to fund poor students but was not used for its intended purpose being recovered by the Special Investigating Unit. Millions of rands are set to be returned to the National Treasury. 
 


The funding provided by the National Student Financial Aid Scheme (NSFAS) is a critical component for the academic journey of millions of students. However, challenges facing the scheme could be detrimental for vulnerable students.







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