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Third-party financial service providers shock NSFAS students

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Third-party financial service providers shock NSFAS students

Troubling developments unfold within the higher education sector as students express dismay over the reintroduction of irregularly appointed financial service providers tasked with facilitating direct payments of student allowances via the National Student Financial Aid Scheme (NSFAS).

Student Concerns Surface

During university recess, student beneficiaries of NSFAS raise grievances regarding delayed allowance payments following the reinstatement of four service providers.

Complaints emerge, notably spurred by a viral video shared by suspended Tshwane University of Technology (TUT) SRC president, Keamogetswe Masike, shedding light on students’ struggles to access their allowances.

Operational Hurdles And Allegations

Students report difficulties transferring funds from Ezaga accounts to personal accounts, with some recipients from the University of Free State yet to receive any payment.

Allegations arise against Norraco service providers, accused of unequal payments and delayed disbursements, exacerbating the plight of University of Johannesburg and University of the Western Cape students.

Allegations Of Corruption And Involvement

Masike’s video alleges complicity between the ministry, NSFAS, and the service providers implicated in corruption, resulting in his expulsion for refusal to silence dissent.

Accusations of corruption involving Higher Education Minister Blade Nzimande, NSFAS board chairperson Ernest Khosa, and the South African Communist Party (SACP) surface from leaked audio recordings and reports by the Organisation Undoing Tax Abuse (Outa).

Official Responses And Silence

Acting NSFAS chairperson Professor Lourens van Staden announces universities’ facilitation of allowance payments for February and March amid public outcry.

Despite widespread concerns, both Nzimande and NSFAS remain silent on the reasons behind the reinstatement of the contentious service providers.

University Actions And Unanswered Inquiries

University of Pretoria confirms successful allowance payments for February and March, while service providers resume payment responsibilities from April 1.

Efforts to obtain clarification from NSFAS spokesperson Ishmael Mnisi yield no response, while TUT remains unresponsive to queries regarding payment processes and allegations made by the suspended SRC president.

Conclusion

The resurgence of third-party financial service providers within NSFAS operations has triggered apprehension among students and sparked allegations of corruption, leaving key stakeholders silent amid mounting concerns within the higher education community.

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NSFAS News

When We Can Apply For NSFAS In 2025

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When We Can Apply For NSFAS In 2025

When We Can Apply For NSFAS. The National Student Financial Aid Scheme (NSFAS) is a beacon of hope for many students seeking financial support to pursue higher education in South Africa. As we look forward to the 2025 academic year, it’s crucial for prospective students to be aware of the application timeline and eligibility requirements to maximize their chances of receiving funding. Here’s everything you need to know about applying for NSFAS in 2025.

NSFAS Application Opening Date for 2025

The NSFAS application period for the 2025 academic year is set to begin on Tuesday, 17 September 2024. This is the key date when the application portal will open, allowing eligible students to submit their applications. It’s advisable to apply as early as possible to ensure your application is processed promptly and to avoid any last-minute issues.

Eligibility Requirements

Before diving into the application process, it’s important to determine if you meet the NSFAS eligibility criteria. Here’s a breakdown of the requirements:

  1. Citizenship: Applicants must be South African citizens.
  2. Institution Registration: You must be registered or planning to register at a public university or TVET college.
  3. Household Income: Your household’s combined annual income must not exceed R350,000.
  4. Academic Requirements: You should meet the academic requirements of the institution you wish to attend.
  5. Previous Funding: You must not have previously received NSFAS funding.
  6. Postgraduate Studies: NSFAS does not fund postgraduate studies. If you are looking for funding for a postgraduate course, consider applying through the National Research Foundation (NRF).

Who Does Not Qualify?

While NSFAS aims to support as many students as possible, there are specific groups who are not eligible for funding:

  • Household Income: Students from households with an annual income exceeding R350,000 are not eligible.
  • Existing Funding: Students who have already received full study funding from other bursary sources cannot apply.
  • Second Undergraduate Degree: If you already have an undergraduate qualification and wish to pursue a second one, you cannot apply.
  • Private Institutions: Students enrolled in private higher education institutions are ineligible.
  • Non-Approved Qualifications: If your qualification is not approved by the Department of Higher Education and Training (DHET) or is not SAQA accredited, you cannot apply.
  • Second Certificate: Students who have obtained a certificate qualification and wish to study for a second certificate are not eligible.

What Does NSFAS Cover?

NSFAS provides a comprehensive bursary package that includes:

  • Registration Fees: Full coverage of your registration fees.
  • Tuition Fees: Payment of your tuition fees.
  • Book Allowance: Financial support for purchasing books and other academic materials.
  • Accommodation: Coverage for accommodation or living expenses.

How to Apply

To apply for NSFAS funding for 2025, follow these steps:

  1. Prepare Your Documents: Ensure you have all necessary documents ready, including proof of income, identity documents, and academic records.
  2. Visit the NSFAS Website: Go to the official NSFAS website on 17 September 2024 to access the application portal.
  3. Complete the Application Form: Fill out the application form with accurate information. Be sure to double-check all details before submitting.
  4. Submit Your Application: Once you have completed the form, submit it through the NSFAS portal. You may need to upload supporting documents as part of the application process.
  5. Track Your Application: After submission, monitor the status of your application through the NSFAS portal to stay updated on any additional requirements or next steps.

Conclusion

The NSFAS application for the 2025 academic year opens on 17 September 2024, and it’s essential for prospective students to prepare and apply early. Understanding the eligibility requirements and the details of what NSFAS covers will help you navigate the application process smoothly. By ensuring you meet the criteria and submitting a complete application, you can take a significant step towards securing the financial support needed to achieve your academic goals. Good luck with your application, and may your journey towards higher education be a successful one!

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