NSFAS: Funding for poor students ‘feasible and viable’
NSFAS presented the Ikusasa blue print financial aid programme at the fees commission of inquiry into higher education and training.
NSFAS has presented the Ikusasa blue print financial aid programme at the Fees Commission of Inquiry into Higher Education and Training in Centurion on Monday afternoon.
The funding model is aimed at supporting students through a combination of grants.
The ministerial task team, which was established by Higher Education Minister Blade Nzimande earlier this year to develop and support the funding model for poor and missing middle students, has provided detailed findings.
Task team chairperson Sizwe Nxasana says it is possible to fully support students.
“We have come to the conclusion, as part of the report of the ministerial task team, that it is feasible and finacially viable to do so.”
Nxasana says they have also found a number of sources who can help fund students.
“We can raise money from both the public sector and the private sector.”
The proposed new Ikusasa model, which is expected to come into effect from 2018, will look at addressing some of the challenges faced by the current funding system.
(Edited by Masechaba Sefularo)