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.”
Source: Loan Digest (loandigest.net)
It's another empty promise, they'll always say ,we are still looking for funding
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