Transformation group wants universities to help fund student-aid scheme
The Higher Education Transformation Network wants all universities and other well-off institutions of higher learning to be forced to declare their reserves and investment funds to Treasury so that some of it can be used to recapitalise the National Student Financial Aid Scheme and help educate poor people. The network is an independent nonprofit organisation of graduates and alumni from various higher education and further educational institutions working to transform the sector. Media liaison director Ramafala Ramatshosa said on Friday that the network believed the billions of supluses and investment funds held by universities such as Cape Town, Johannesburg, Witwatersrand, Potchefstroom, Stellenbosch and Free State were "ill-gotten gains from the racist historic subsidy formulae by the former apartheid state". They should be used to help finannce the entry of poor students into higher education by recapitalising the scheme, he said. "The network is concerned that some institution...
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