National Student Financial Aid Scheme administrator Randall Carolissen. NSFAS said the modelling for the shortfall was done solely on the allowances for students and not necessarily tuition fees or accommodation.The National Student Financial Aid Scheme needs R4.3bn extra to cater for students this year because of delays brought about by the Covid-19 pandemic.
The estimated R4.3bn shortfall is to fund student allowances and would be needed if the current learning term runs until early next year, as expected.At the time, a number of institutions had barely started with learning owing to registration challenges, and although tertiary institutions reopened last month, the academic year is expected to run over to 2021.
“On the assumption there will be a three-month extension to the academic year, then the financial impact of that is that NSFAS will need an extra R4.3bn over and above the actual grant allocation for the current year. Addressing the same meeting, Dr Diane Parker, who is a deputy director-general in the department of higher education and training, said there were discussions about fees and accommodation costs.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Covid-19-delayed academic year means Nsfas needs over R4bn moreAnd Nsfas says modelling for the shortfall was done solely on allowances for students and not necessarily tuition fees or accommodation
Source: BDliveSA - 🏆 12. / 63 Read more »
Covid-19-delayed academic year means Nsfas needs over R4bn moreAnd Nsfas says modelling for the shortfall was done solely on allowances for students and not necessarily tuition fees or accommodation
Source: BDliveSA - 🏆 12. / 63 Read more »
COVID-19 LIVE UPDATES | 'I won't commend you on the booze ban, we warned you': Malema to RamaphosaThe EFF leader also wants the gorvernment to cancel the 2020 academic year.
Source: TimesLIVE - 🏆 28. / 59 Read more »
Online learning a safe haven amid Covid-19 siege on SA’s academic yearThink Digital College’s chief executive, Janessa Urquhart, a campaigner for e-learning, believes contact-less education has always been inevitable in South Africa and the rising Covid-19 infection figures indicate that the schooling system will be disrupted significantly.
Source: IOL - 🏆 46. / 51 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »
ANC ignoring harsh economic reality on the groundIn August, finance minister Tito Mboweni's growth plan will be a year old. It identified the most important reforms needed to galvanise growth.
Source: SowetanLIVE - 🏆 13. / 63 Read more »