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NSFAS Rejected 230 000 Applications in 2024

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NSFAS Rejected 230 000 Applications in 2024

NSFAS Rejected 230 000 Applications in 2024. The National Student Financial Aid Scheme (NSFAS) concluded its 2024 application period, revealing that over 230,000 applications were rejected. This article explores the reasons behind the rejections and the next steps for affected applicants.

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NSFAS Application 

  • NSFAS processed around 23,000 applications daily, prioritizing those with firm offers from universities and TVET Colleges.
  • Out of 1.9 million applications, 1.2 million were provisionally funded, while 234,113 were rejected.
  • 108,345 registrations were received, with 59,723 awaiting evaluation and 94,816 awaiting supporting documents.

 NSFAS Appeals For 2024

  • Applicants have 30 days from rejection to submit an appeal, with 15,174 appeals received as of 1 March.

NSFAS Missing Middle Loans

  • 2024 marks the first year NSFAS offers missing middle loans, receiving 30,728 applications.
  • 31,008 missing middle students will be provided with student loans, with 70% for STEM and 30% for social sciences.

Conclusion

While over 230,000 NSFAS applications were rejected for 2024, applicants have the opportunity to appeal. NSFAS also introduced missing middle loans, aiming to support students who don’t qualify for standard NSFAS 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.

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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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