The National Student Financial Aid Scheme (NSFAS) have just revealed that they are in a much better position to fund more students than ever before.
They just confirmed receiving an extra R2 Billion compared to last year and The cost of educating one of them through NSFAS, ranges from R40,000 to R150,000 per annum.
NSFAS chairperson Sizwe Nxasana confirmed that they have a great number of applications;
“Out of these applications received NSFAS has so far approved and sent communication to a total of 105,135 new successful students and confirmed funding for a 204,653 returning students,” said NSFAS Chairperson, Sizwe Nxasana.
“This year we are covering more students and provide the average cost of studying for those students and therefore we have eliminated the so called ‘top slicing’ where you had a practice by some universities who were spreading money around for more students and giving them a little bit,” Nxasana said.
“So certainly students are better funded which takes care of registration fees, tuition fees and even their allowances for books and accommodation.”
NSFAS has also noted the unrest at some universities over accommodation.
“NSFAS does not make decisions on which students qualify for private accommodation allowances. Additionally NSFAS does not have any relationship with private accommodation providers and we are not involved in any accreditation process,” Nxasana said.