Higher Education Minister allocates almost R1billion to write off NSFAS debt | IOL News

Johannesburg - Minister of Higher Education Naledi Pandor has allocated almost R1 billion to tertiary institutions to settle outstanding debt owed by National Student Financial Aid Scheme funded students in the country.

“This is a significant contribution which will alleviate some of the debt owed to universities by students and is confirmation that the government is sensitive to the plight of students from poor and working-class families.” Pandor said. “We have now concluded, the first phase of the due diligence and found that 52 514 NSFAS qualifying students who were registered for the 2018 academic year owed universities R 967 million,” Pandor said.

As a result, the amount of funding provided by NSFAS was sometimes insufficient to cover the total actual fees and cost of study, particularly at universities and programmes with high fees. This resulted in students accruing debt with their institution despite being funded by NSFAS. Pandor said her department plans to provide funding to NSFAS during the 2019 academic year to clear this debt.

Source: Education Headlines (educationheadlines.net)

The ANC just bought 52000 voters.

How many of these debts are for students who have nit gotten their degrees.

I say it again. We should have elections every year 👏🏻

Thanks

Voting tactics, oksalayo...mnximm

White people's tax money

CoruscaKhaya

This desperate move by the ANC is not going to get them any votes. The youth is not fooled, now that some will graduate, where will they work and how will they start new businesses? The last breath of retirement is a heavy one.

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