NSFAS stops funding to 5 000 non-qualifying students

0:00
play article
Subscribers can listen to this article
NSFAS has halted funding for 5 000 students.
NSFAS has halted funding for 5 000 students.
Getty Images
  • NSFAS has stopped funding a total of 5 000 students for the 2020 academic year.
  • This came after SARS revealed that the students declared total household family income above the R350 000 threshold.
  • The affected students will have 14 days from the date of issue to petition this decision by submitting proof of family income or change of income to NSFAS for review.

The National Student Financial Aid Scheme (NSFAS) has stopped funding 5 000 students for the 2020 academic year.

Funding was halted after SARS revealed that those students declared total household family income above the R350 000 threshold.

MUST READ | Warrant of arrest for 'NSFAS millionaire' after failing to appear in court

NSFAS administrator Dr Randall Carolissen said they notified the students and informed them of the process they needed to follow to challenge their funding status.

"The affected students will have 14 days from the date of issue to petition this decision by submitting proof of family income or change of income to NSFAS for review.

"The documents need to be submitted to IncomeReview@nsfas.org.za. NSFAS reserves the right to make the correct funding decisions based on its financial eligibility verification processes," said Carolissen.

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
Lockdown For
DAYS
HRS
MINS
Voting Booth
When assisting your child with remote learning this year, did you:
Please select an option Oops! Something went wrong, please try again later.
Results
Follow the school's comprehensive sexuality education (CSE) curriculum?
13% - 126 votes
Adjust the CSE curriculum to suit the family's morals?
24% - 235 votes
Ignore the schools CSE programme and do your own teaching?
63% - 618 votes
Vote
ZAR/USD
15.20
(-0.07)
ZAR/GBP
20.25
(-0.26)
ZAR/EUR
18.17
(-0.15)
ZAR/AUD
11.23
(-0.26)
ZAR/JPY
0.15
(-0.11)
Gold
1786.61
(-0.02)
Silver
22.68
(+0.13)
Platinum
965.22
(+0.30)
Brent Crude
48.27
(+0.96)
Palladium
2413.01
(+0.60)
All Share
57822.50
(-0.17)
Top 40
53021.58
(-0.12)
Financial 15
11577.71
(-0.58)
Industrial 25
79894.95
(-0.12)
Resource 10
52804.55
(+0.03)
All JSE data delayed by at least 15 minutes morningstar logo