NSFAS

NSFAS Needs to Recover More Money

National Students Financial Aid Scheme Chief Financial Officer Lerato Nage has told the Fees Commission that according to their records about R285-million owed by students to the scheme, still needs to be recovered.

Nage was testifying before the Fees Commission chaired by Judge Jonathan Heher.

Nage says since coming into operation, debt collectors have assisted NSFAS to recover between R15 million to R32 million of the money students owed to the scheme.

Government Announce Plan to Accommodate NSFAS

Finance Minister, Pravin Gordhan has announced that all government departments are required to effect unprecedented spending cuts of 0.3 percent, amounting to R6 billion, to accommodate additional funding for the National Student Finance Aid Scheme (NSFAS).

However, the minister says he will be relying on the cooperation from his colleagues in Cabinet and also from departmental accounting officers to make this a reality.

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