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The students who missed out on this announcement (and went into debt while partly funding their own studies before 2018) are the ones the new R967m allocated to NSFAS by the Department of Higher Education and Training is designed to assist.
Okay, so who Actually Qualifies for the Funding?
The Department of Higher Education and Training recently clarified who would qualify for the funding allocated to settle ‘historic debt’.
According to the department’s director-general Gwebinkundla Qonde,
“the students who are eligible are those who are in the system, who are continuing, who registered in 2017 and 2018 at the cap of R122 000 and as a result because the amount of money was not adequate to pay for the full cost of study.”
What does this mean? Well, you qualify for this funding if you meet the following criteria:
The joint income of both your parents, on an annual basis, is R122 000 or less.
You entered a programme of study within the last 18 months.
You’ve met the academic criteria within minimum time, plus two years.
What Happens next?
NSFAS immediately responded to the announcement, highlighting the value of the contribution and the work already done to determine which students would be affected.
“NSFAS is very pleased to be able to assist with the implementation thereof,” said NSFAS administrator Randall Carolissen. “It should be noted that the funds will eventually flow and NSFAS has already started working hard with institutions to identify those students.”
Minister of Higher Education and Training, Naledi Pandor, has confirmed that phase one of the assessment of the historical debt owed to universities has been completed, which allowed the department to determine the number of students who qualified to receive support from this allotment, as well as the figure that would be required to address the gap between those on the new NSFAS scheme and those who missed out.
“We have now concluded the first phase of the due diligence and found that 52 514 NSFAS-qualifying students who were registered for the 2018 academic year owed universities R967m.”
By the 2022 academic year, it is anticipated that all students funded through the old scheme would have exited the higher education system. This boost to NSFAS, then, is a once- off effort to include all South African students in the benefits of last year’s changes to the NSFAS loan and bursary scheme.
The R967m funding is specifically for students who were not included in the new NSFAS scheme, so no one currently making use of the new and improved system will qualify for this funding.
According to Lunga Ngqengelele, spokesperson for the Department of Higher Education, this figure was based on university information of the number of students that have historic debt and are continued students from 2018, suggesting that the R967m figure is intended to settle the full cost of the historic debt of all students currently studying at university. This, however, is yet to be confirmed.
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