NSFAS sets aside R14bn for student fees

Officials briefed parliament’s portfolio committee on its preparations and funding allocations in 2016.

FILE: NSFAS Chairperson Sizwe Nxesana briefs media about additional student funding made available for the 2016 academic year. Picture: Vumani Mkhize/EWN.

CAPE TOWN - The National Student Financial Aid Scheme (NSFAS) has set aside R14 billion to assist university and college students with their study fees.

NSFAS officials briefed parliament's portfolio committee on higher education on its preparations and funding allocations for the year.

They also told parliamentarians about their interventions in dealing with student debt.

The scheme's officials have told the portfolio committee they have been working with universities following the Fees Must Fall protests to come up with strategies to avoid funding complications this year.

NSFAS chief executive Msulwa Daca says government departments have also pulled together to boost the fund.

"There is a make-up of R10 billion where there is money from other government departments, like basic education and social development. It will be additional money that will then take the total allocation to R14.582 billion."

Daca says NSFAS also released more than R380 million to technical, vocational education and training colleges this year.

He adds they are still waiting for final figures from university registrations to determine the number of students in need of assistance.

WATCH: R10 billion funding boost for NSFAS

(Education by Masechaba Sefularo)