NSFAS funds nearly 300 000, expects to admit more for the class of 2024
The National Student Financial Aid Scheme (NSFAS) has approved funding to at least 291 747 students who applied for financial assistance for 2024, and expects to increase this record pool by 17 February 2024, which will be a closing date for TVET college applications. The majority of the students are already registered at universities, while the registration for TVET colleges is still underway.
Briefing the Portfolio Committee on Higher Education and Training, today in Parliament, Board Chairperson, Sizwe Nxasana said more than 180 944 of these students are at universities while 110 803 are TVET college students. Of the 180 944 university students, 71 098 are new students while 109 846 are returning students.
“While the closing date for application for financial assistance at the TVET colleges is 17 February, already 15 375 new students and 95 428 of returning students in the TVET colleges have been approved,” Nxasana said.
NSFAS management has acknowledged the delays in communicating the outcome of results to some of the students, and said the delays could be attributed to a number of challenges, including the changes in last year’s academic calendars at some institutions and a significant number of applications that had missing supporting documents.
Overall, 9 976 applications were unsuccessful due to financial ineligibility, as they were categorised within the “missing-middle” category. However, these students may appeal the decision. Details of the appeal process are on the NSFAS website – www.nsfas.org.za.
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