NSFAS to receive R967m to relieve historic debt of students

[image: NSFAS/Twitter]

The Department of Higher Education and Training will grant R967 million towards settling historic debts of over 52,000 students dependant on the National Student Financial Aid Scheme (NSFAS).

Minister Naledi Pandor clarified that the requirements to qualify for this vindication would be to have been funded under NSFAS prior to its improved funding last year. They must still be in the system and continuing with their studies. Those who registered in 2017 and 2018 are disqualified because the government is already paying for their tuition in full.

Before 2018, the government offered partial funding which had to be subsidised by the families of the applicants. However, many applicants came from homes which could not afford the expense, leading them to loan money from their universities.

When they were unable to pay back the funds, students would be kicked out of the institutions. NSFAS administrator said the funding scheme was pleased to be able to lend a hand in assisting the students. Together with the institutions, they have started identifying the students in need for the financial relief.