- Higher Education Minister, Naledi Pandor, has announced that R967 million has been allocated to help clear the debt owed to universities by NSFAS-funded students
- Although this amount will not be able to clear all of the debt, it will make a significant difference
- The decision to allocate this money comes after rising concern over the historic debt owed to universities by NSFAS
Higher Education Minister, Neledi Pandor, has put aside R967 million for the National Student Financial Aid Scheme, to pay off a portion of the debt owed by the scheme to universities.
The allocated amount will be used for historic debt, which means that the funds will go to students who are continuing their studies and were awarded NSFAS funding prior to 2018.
According to SABC News, the NSFAS is in historic debt to universities for the funding of 52 514 students.
“This is a significant contribution which will alleviate some of the debt owed to universities by students and is confirmation that government is sensitive to the plight of students from poor and working-class families,” Pandor explained.
Briefly.co.za gathered that the decision to put this amount aside follows the mounting concern from the public as well as universities and student bodies regarding the debt owed by NSFAS.
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