The allocation is specifically for those who had been funded on the previous funding scheme of NSFAS prior to the improved funding support that began in 2018.
JOHANNESBURG - The Department of Higher Education and Training has allocated an additional sum of R967 million to the National Student Financial Aid Scheme to settle the historic debt owed to universities by over 52,000 NSFAS-funded continuing students
Historically, these students were required to fund part of their costs through family or their own funding and were not able to do so, hence the debt This is the first phase of the assessment of the historical debt owed to universities and applies to students who have debt from 2018 Spokesperson for the Department of Higher Education Lunga Ngqengelele said: “The information was sourced from the institutions in terms of the numbers of students that have historic debt and are continued students from 2018. So, based on the numbers that we received from the institutions, NSFAS will be able to provide or make that money available to the institutions for the purposes of clearing.”
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NSFAS has 'not discussed any plans to cut ties with TUT' | IOL NewsNSFAS has said that rumours circulating on social media about the organisation cutting ties with TUT students was fake news.
Read more »
Nsfas says rumours about cutting ties with TUT is ‘fake news’'Such malicious content, is not only unreliable, but might cause panic and discomfort and should therefore be disregarded and condemned.'
Read more »
Evicted students off the streets as Nsfas pays TVET collegeStudents from Ehlanzeni TVET college were kicked out of their accommodation on Sunday and had to sleep on the floor of a police station.
Read more »
NSFAS students struggling to get allowances turn to loan sharks | The StarA University of Johannesburg (UJ) student said he was disappointed that the allowances had not been paid.
Read more »
Higher Education Minister allocates almost R1billion to write off NSFAS debt | IOL NewsMinister Naledi Pandor has allocated almost R1 billion to tertiary institutions to settle the historic debt of NSFAS-funded students.
Read more »
Pandor allocates R967 million to settle students' historic debt - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Pandor allocates R967 million to settle students’ historic debt Higher Education Minister Naledi Pandor has allocated R967 million to the NSFAS to settle the historic debt owed to universities by 52 514 NSFAS funded continuing students.
Read more »
SAUS welcomes Higher Education's NSFAS allocation - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Union welcomes Pandors funds relief for student SAUS has welcomed the announcement by the Department of Higher Education and training for allocating more than R900 million to the National Student Financial Aid Scheme.
Read more »
Oscar Mabuyane's speech on students’ R1m alcohol spend not going down wellEastern Cape finance MEC Oscar Mabuyane is taking the heat from students after a video of his maiden budget speech surfaced on social media showing Mabuyane telling the legislature that students in East London drank more than R1m of their NSFAS money in a single weekend.
Read more »
Higher Education Minister allocates almost R1billion to write off NSFAS debt | IOL NewsMinister Naledi Pandor has allocated almost R1 billion to tertiary institutions to settle the historic debt of NSFAS-funded students.
Read more »