Scheme remains administrator

2018-01-17 06:00

The National Student Financial Aid Scheme (NSFAS) has been retained as the administrator of financial aid for poor and working-class South African students.

“The NSFAS board and ma­nagement is encouraged by the decision to retain the NSFAS as an administrator of financial aid for poor and working-class South African students at universities and Technical and Vocational Education and Training (TVET) colleges through the student centred-model,” says Steven Zwane, NSFAS chief executive officer.

The student financial aid scheme was kept as the administrator after the announcement of free education for poor and working class students by Pres. Jacob Zuma on 16 December last year.

“We believe that the decision to increase the threshold to qualify for financial assistance to students from South African households with a combined annual income of up to R350 000 per annum reaffirms government’s commitment to provinding access for poor and working class youth.

“It is also to ensure success in higher education and training.”

This is confirmed by the financial aid scheme in a statement issued on Thursday (11/01).

“We are working to improve our systems, working closely with universities, TVET colleges and the Department of Higher Education (DHET) for 2018.

“We will adjust our systems to deal with the extended financial aid and the expected increase in the number of students who now qualify for financial assistance.

  • “NSFAS has been providing elements of free education through the provision of bursaries to TVET college students over the years, as well as some university students, whose final year loans were converted to bursaries based on their academic performance,” says Zwane. For more on NSFAS, visit the website at www.nsfas.org.za or dial 0860-067-327 or send an email to info@ nsfas.org.za.

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