nsfas investigation


Advertisement



Advertisement i



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.






Online Shopping Links

Takealot - Temu - Amazon - Shein



WhatsApp Channel

Sponsored Ad

Google News

Post-Matric Options

 

After completing your matric certificate exams, you are faced with a lot of post-matric options that can shape your future paths.

These options range from pursuing higher education at universities or colleges, entering vocational training programs, joining the workforce, or even starting your own business. There are so many choices but we are here to help.

Advertisement


Where to Study


Advertisement m



Advertisement



Advertisement



Advertisement i