New funding scheme aims to end conflicts at SA’s campuses
Details have emerged of the new tertiary education funding scheme intended to end the discord that has rocked campuses across the country. Now the race is on to be one of 2‚000 students in the "missing middle" scheme’s pilot programme. February 24 is the deadline for applications for the Ikusasa Student Financial Aid Programme devised by Higher Education Minister Blade Nzimande’s funding task team. In the proposed model — led by former FirstRand head Sizwe Nxasana — Ikusasa will raise money from the government‚ the private sector‚ non-profit organisations‚ the skills levy‚ financial institutions‚ donors‚ retirement funds and social impact bonds. It will be used to fund students from households with an annual income between R122‚000 and R600‚000 — the "missing middle". The funding will be available to successful applicants for the duration of the pilot programme. Seven institutions will be part of this year’s pilot‚ and participating students must be studying in one of eight areas. T...
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