UFS's Jonathan Jansen wants to raise R100m by September
The vice-chancellor has approached local & international donors in a bid to assist students.
CAPE TOWN - Free State University rector Jonathan Jansen wants to raise R100 million by September to assist to students.
Jansen said he has approached local and international donors.
The Student Bursary Fund is expected to provide full financial assistance to academically deserving students, including a living allowance to those from poor families.
"This isn't about now. This is about next year and the year thereafter. Because in the minister's budget speech, there isn't new money... we're back where we were."
Jansen painted a grim picture, saying even some of the country's top universities may face bankruptcy in a few years.
He said the cost of insourcing and reluctant donors are among the financial struggles that plague universities.
"You're not going to be allowed to increase fees again for very long time. The economy is growing at less than 2 percent, put all of those things together and you're looking at a disaster."
Jansen said he hopes to fund tuition fees for at least 1,000 students every year through the Student Bursary Fund.