Grave concerns over NSFAS failure to prepare for the 2024 academic year
18 January 2024
During oversight visits to universities including Wits, UJ, TUT and UP over the past two days, the Democratic Alliance's Student Organisation (DASO) leadership and the DA Shadow Minister of Higher Education Chantel King, MP have uncovered alarming shortcomings in the National Student Financial Aid Scheme (NSFAS) that threaten the future of students.
Currently, the outstanding allowances of 20 000 students from 2023 remain unpaid, casting a cloud of uncertainty over their ability to register for the 2024 academic year. Despite these pressing issues, NSFAS appears to be inadequately prepared for the upcoming academic year.
One of the major concerns highlighted during the oversight visits is the lack of clarity on which service providers will be entrusted with distributing these allowances to students this academic year. NSFAS's blatant abdication not only jeopardises the timely disbursement of funds but also leaves students in a state of financial uncertainty.
Perhaps most distressing, is the revelation that due to budget cuts from National Treasury, a staggering 87 000 students are at risk of being denied funding this year. This threatens to undermine the core principle of equitable access to education for all.