NFSAS Struggles to Recover Funds
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another year without money,
By Anonymous
Tue 25 Jan, 2011 - 21:43
another year without money, what must we do 2 get cash, if only i got the deposit so i can get the study materials i would pay some during the year. Pls assit us
seriously what happens to us
By Anonymous
Tue 20 Jul, 2010 - 16:37
seriously what happens to us students who applied and didnt get the loan what do we do?
The National Student Financial Aid Scheme (NSFAS) has to date recovered just over a quarter of the R12-billion it has loaned to poor students.
In its latest report releasing in Cape Town, NSFAS has recovered only R3.2 billion [26 percent] of the total R12 billion in funds it has loaned -- the second-lowest recovery ratio globally among student financial aid schemes.
Some of the key findings of the review committee show that the amount of NSFAS funding available falls far short of demand and that there are significant gaps between the NSFAS award and the full cost of study for many students.
To read the article titled, “Poor students owe government billions,” click here.
In its latest report releasing in Cape Town, NSFAS has recovered only R3.2 billion [26 percent] of the total R12 billion in funds it has loaned -- the second-lowest recovery ratio globally among student financial aid schemes.
Some of the key findings of the review committee show that the amount of NSFAS funding available falls far short of demand and that there are significant gaps between the NSFAS award and the full cost of study for many students.
To read the article titled, “Poor students owe government billions,” click here.
Source:
Mail and Guardian
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anonymous
By Anonymous