WSU student financial aid bungle ‘dubious & unacceptable’
The Portfolio Committee on Higher Education and Training has reacted to the multi million-rand student financial aid bungle at the WSU.
JOHANNESBURG - The Portfolio Committee on Higher Education and Training has reacted to the multi million-rand student financial aid bungle at the Walter Sisulu University (WSU), describing it as dubious and unacceptable.
It emerged this week that a female student mistakenly received over R14 million in June from a company that distributes funding on behalf of National Student Financial Aid Scheme (Nsfas).
IntelliMali has taken full responsibility for the error and says it will be taking legal action against the student for failing to report the issue and splurging over R800,000 on luxury goods.
Parliament says it’s unacceptable that such a grave mistake could occur undetected.
The Portfolio Committee on Education says while it accepts the error was not made by the Nsfas, the companies it uses to distribute funding should be thoroughly vetted.
Meanwhile, the Walter Sisulu University’s Yonela Tukwayo says they’re now working with the Special Investigating Unit (SIU) on the probe.
“The SIU contacted us to probe further as Nsfas funds are public funds.”
The university says the investigation will look at a number of issues, including how the student was able to convert her allowance for cash as it’s only limited to merchants associated with the university.
LISTEN: Can WSU get back R14m mistakenly deposited into student’s account?
(Edited by Zamangwane Shange)