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NSFAS Spending On Undeserving Students

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NSFAS Spending On Undeserving Students

NSFAS Spending On Undeserving Students. The National Student Financial Aid Scheme (NSFAS) aims to support disadvantaged students in pursuing higher education. However, recent revelations by the Special Investigating Unit (SIU) expose significant expenditure on students who do not meet eligibility criteria, raising concerns about fund misallocation.

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Extent of Expenditure

Between 2018 and 2021, NSFAS disbursed over R5.1 billion to more than 40,000 ineligible students across 76 institutions nationwide.

Factors Contributing to Misallocation

The SIU identified systemic flaws, including erroneous multiple registrations and inadequate verification processes, enabling students to receive funding multiple times.

Challenges in Rectifying Errors

Institutions’ resistance to repay misallocated funds complicates recovery efforts, with some citing unresolved debts from NSFAS as justification.

Reforms Implemented

To prevent future errors, NSFAS has revised its systems, suspending funds until student registrations are verified by institutions. Additionally, undisclosed parental income information may have contributed to further fund misallocation.

Ongoing Investigations

President Cyril Ramaphosa’s proclamation grants SIU authority to investigate maladministration, improper conduct, and misappropriation of public funds within NSFAS.

Conclusion

NSFAS expenditure on ineligible students underscores the urgency for robust monitoring and assessment mechanisms to ensure funds reach deserving recipients, aligning with its core mandate of equitable access to higher education.

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NSFAS News

NSFAS Reapplication If You Dropped Out?

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NSFAS Reapplication If You Dropped Out?

NSFAS Reapplication If You Dropped Out?. The National Student Financial Aid Scheme (NSFAS) provides vital support to students from disadvantaged backgrounds, offering bursaries and loans for education expenses. But what happens if you drop out? Do you need to reapply for NSFAS funding? Let’s find out.

Check Also: ZA Student Portal

NSFAS Funding

NSFAS assists eligible students with tuition, registration fees, and various allowances, enabling them to focus on their studies without financial worries.

Dropping Out and NSFAS

Life circumstances can lead to a student dropping out of their course. Despite this, you can still qualify for NSFAS funding. However, you must take steps to restart your funding.

Reapplying For NSFAS

If you deregister or drop out, you must reapply for NSFAS if you plan to resume your studies in the future. This ensures you remain eligible for funding.

How to Reapply for NSFAS

Create or Log into Your myNSFAS Account

  • If you have an existing account, log in.
  • If not, create a new account on the myNSFAS portal.

Complete the Application

  • Click on ‘Apply’ and answer the questions on the screen.
  • If required, upload any supporting documents.

Submit Your Application

  • After completing the application, click ‘Submit.’
  • You will receive an application reference number.

Maintaining NSFAS Eligibility

Remember, NSFAS will only fund you if you meet the academic eligibility criteria.

Conclusion

If you dropped out of college or university but wish to return to your studies, you can reapply for NSFAS funding. By following the reapplication process, you can resume your education with the necessary financial support.

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