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NSFAS 2024 application deadline looms

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NSFAS 2024 application deadline looms

NSFAS 2024 application deadline looms.The National Student Financial Aid Scheme (NSFAS) began accepting applications for the 2024 academic year on November 21, 2023. However, the application cycle is set to close on January 31, 2024.

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Urgent Call for Grade 12 Learners and Students For NSFAS

Students aiming to pursue post-school education without financial support have until Wednesday to submit their applications for 2024 funding. Higher Education Deputy Minister, Buti Manamela, emphasizes the importance of timely submissions.

Eligibility and Application Process of NSFAS

Manamela outlines the eligibility criteria, encouraging Grade 10, 11, and 12 students with a household income less than R350,000, or who are SASSA beneficiaries, to apply. Applications can be submitted for a variety of fields at public institutions through the NSFAS website.

Comprehensive Funding Coverage

NSFAS covers tuition, accommodation, learning materials, and a living allowance for qualifying students. The scheme is currently assisting over 1.4 million students in public universities and Technical Vocational Education and Training (TVET) colleges.

Immediate Approval for SASSA Beneficiaries

SASSA beneficiaries receive expedited approval, with at least 657,703 applicants provisionally funded. A consent form is required to verify information from third parties, ensuring compliance with legislative requirements.

Application Tracking and Updates

NSFAS introduces new platforms for applicants to easily track their application status. This includes a downloadable NSFAS student mobile app, a WhatsApp line (078 519 8006), and a USSD code (12067327).

Conclusion

With the impending deadline, students are urged to seize the opportunity provided by NSFAS for financial aid. The comprehensive coverage and user-friendly application process aim to support aspiring learners in pursuing higher education.

Apply before the deadline to secure your chance for NSFAS 2024 funding!

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NSFAS News

NSFAS Board Dissolution Reasons

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NSFAS Board Dissolution Reasons

NSFAS Board Dissolution Reasons. More than a million students rely on funding from the National Student Financial Aid Scheme (NSFAS). However, challenges with their funding have led to the decision by Higher Education Minister Blade Nzimande to dissolve the NSFAS board. This article explores the reasons behind this decision and its implications.

Check Also: ZA Student Portal

Challenges Leading to the Dissolution

Last week, Minister Nzimande decided to dissolve the NSFAS board due to its failure to ensure the financial aid scheme implemented its responsibilities effectively. The board had been unable to carry out basic responsibilities allocated to it by the Minister and the Act governing NSFAS.

NSFAS Role and Responsibilities

NSFAS provides comprehensive bursaries and student loans to deserving students enrolled in approved courses at universities and TVET colleges. This funding covers tuition and registration fees, as well as allowances for food, accommodation, and learning materials. However, recent non-payment of allowances put students at risk, prompting urgent action from the Minister.

Reasons for Dissolution

Minister Nzimande explained that the board had failed to fulfil its duties, including implementing recommendations, ensuring timely payment of student allowances, submitting reports to Parliament, managing organizational capacity issues, and addressing student concerns promptly.

Issues Identified

The dissolution was partly due to irregularities related to the appointment of service providers for direct allowance payments, as highlighted in the Werksmans report. Recommendations from the report, including terminating contracts of certain service providers, were not fully implemented by NSFAS.

Impact of Board Failure

The board’s failure to distribute student allowances caused stress for students and families and jeopardized the stability of some TVET colleges and universities. Additionally, the board’s inability to consult on guidelines for Missing Middle Funding and implement solutions further hindered progress in addressing financial aid gaps.

Reactions and Endorsements

Stakeholders, including student structures and the Parliamentary Higher Education Committee, welcomed the dissolution. The committee endorsed the Minister’s actions, citing NSFAS’s failure to disburse funds effectively and submit required reports to Parliament.

Appointment of Administrator

Following the dissolution, Minister Nzimande appointed Sithembiso Freeman Nomvalo as the new Administrator for NSFAS. Nomvalo will oversee the governance, management, and administration of NSFAS for 12 months, including developing guidelines for Missing Middle Funding.

Conclusion

The dissolution of the NSFAS board reflects the government’s commitment to ensuring effective management of student funding. The appointment of a new Administrator signals a fresh start for NSFAS, with a focus on addressing the challenges that have plagued the scheme and improving its efficiency in supporting students in need.

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