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The NSFAS allowances for 2023 must still be paid to 20 000 students

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The NSFAS allowances for 2023 must still be paid to 20 000 students

The NSFAS allowances for 2023 must still be paid to 20 000 students .The National Student Financial Aid Scheme (NSFAS) has faced challenges in disbursing allowances to students for the 2023 academic year, leaving many students in a precarious financial situation. This article delves into the latest developments regarding the disbursement of NSFAS allowances and the plans to address outstanding payments.

Check Also : ZA Student portal

NSFAS Allowance Disbursement Update

As of December 5, 2023, NSFAS successfully disbursed allowances to 234,124 students as part of the reconciled final disbursements for 2023. However, approximately 20,000 students still await their allowances due to unresolved cases requiring further input and consultation with institutions.

Reconciliation Process

The reconciliation process for NSFAS allowances involves three key components: direct payment of allowances to students, allowances paid to institutions for tuition, and allowances paid to students through institutions. This process aims to rectify discrepancies in registration data and ensure accurate and timely disbursements.

Outstanding Allowances and Resolution Timeline

NSFAS acknowledges the urgency of resolving the outstanding cases and aims to complete all outstanding allowance payments for 2023 by January 15, 2024. This deadline is crucial to prevent any impact on the disbursement of allowances for the 2024 academic year.

Stakeholder Meetings and Future Plans

The NSFAS board plans to hold meetings with relevant organizations and stakeholders to discuss preparations for the 2024 academic year. These discussions will include addressing NSFAS eligibility criteria and conditions, ensuring transparency in their operations.

Transparency Amid Controversy

Controversy surrounding former NSFAS CEO Andile Nongogo’s relations with service providers used for direct payments has raised questions about the integrity of the allowance disbursement system. NSFAS assures the public that the board will make public announcements regarding the implementation of the Werksmans Attorneys report in relation to the direct payment service providers.

Student Unions Critique NSFAS for Unpaid Allowances

Student Union Perspective

While NSFAS claims to be actively working to ensure students receive their entitled allowances for the 2023 academic year, student unions express skepticism. The Student Union, represented by Dlanjwa, dismisses NSFAS explanations as inadequate and labels them as “absolute rubbish” and “nonsense.”

Continuous Struggles with Payment System

Dlanjwa points out the continuous challenges faced by students under the current payment system. They argue that since the system’s inception, not a single month has passed without a crisis, questioning the need for monthly beneficiary verifications. The multifaceted nature of the struggle is acknowledged, and various strategies, including engagements with the Department of Higher Education and other stakeholders, have been employed by the Student Union.

Conclusion

NSFAS faces challenges in disbursing 2023 allowances, with 20,000 students awaiting payment. Transparency efforts and stakeholder meetings aim to address concerns while student unions remain critical of NSFAS explanations.

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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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