The National Student Financial Services Agency is experiencing a financial crisis, hence the delay in confirming funding applications for first-year students.
“NSFAS cannot confirm funding for prospective first-year students for university, colleges and any other higher education institution. This is causing great anxiety for prospective student given that the academic year is about to start and orientation has already begun at other institutions. The is also pressure on institutions as they are unable to finalise admissions,” said Nzimande.
“We paid for allowances even at a time when universities were closed. The extended academic year was not allocated a budget,” he said. Nzimande said NSFAS would not be able to confirm applications without a requisite budget, but he said he was hopeful after the minister of finance said in his budget speech that deserving students would be supported through higher education.
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