NSFAS multiplied five-fold in the past six years, irrespective of shortfalls’ - Blade Nzimande
Funding by the National Student Financial Aid Scheme increased more than five-fold in the past six years, from R5.9 billion in 2014 to R49 billion in 2022.
“Today I met with vice-chancellors and principals of public universities, and technical and vocational education and training colleges, as well as with national student leadership in both sectors. I also have a series of consultations planned for next week and intend to engage as widely as possible on the recommendations of the Ministerial Task Team [MTT].”
He explained that the current model designed by the MTT has financial support from National Treasury and will be in place for the medium term. This will ensure the sustainability of the model while the department is exploring options for a new comprehensive model.1. Government must work towards a student financial aid model that is comprehensive, providing differentiated support to students from different socioeconomic backgrounds, drawing on a range of funding sources.
6. Chapter four of the MTT report contains several recommendations for possible alternative sources of funding for missing middle students. These models will be explored further by government as part of the development of the 10-year plan, in particular as part of working towards a comprehensive model. In particular, the department will urgently investigate the possibility of targeted support from the Public Investment Corporation for a model targeting the children of public servants. 7.
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