Nsfas to fund more students this year

2016-01-20 06:00
PHOTO:supplied  The National Student Financial Aid Scheme received 42 135 online applications for 2016.

PHOTO:supplied The National Student Financial Aid Scheme received 42 135 online applications for 2016.

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THE student funding body National Student Financial Aid Scheme (Nsfas) is expected to fund more than 405 000 students this academic year.

Nsfas spokesperson and head of marketing and communications services, Kagisho Mamabolo, said this while confirming that all vice-chancellors have received letters of confirmation outlining funding for each funding category, which includes general funding, teacher training, final-year funding and disability funding.

“Nsfas, working with the Department of Higher Education and Training (DHET), has confirmed the financial allocation for 2016/17 financial year to 26 universities. Nsfas is expected to fund more than 405 000 students this year for an allocated budget of R10 billion, which is an increase from last year’s allocation of R9.5 billion,” said Mamabolo.

DHET said that an additional R4.6 billion has been allocated to Nsfas and that R2.543 billion of this amount will be for loans to assist 71 753 identified students, who qualified for Nsfas funding, but were either partially or not funded at all over the past three academic years.

“This means that these deserving students will not be barred from continuing with their studies because they owe universities outstanding fees, and R2.039 billion is to ensure that these students who are still in the university system are supported financially to continue and complete their qualifications.”

Nsfas received 42 135 online applications for 2016 for studying at selected tertiary institutions that are part of the new Nsfas student centred model.

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