Additional funding for student aid scheme NSFAS revised down
Funding requirements have been cut from R4.6bn to R2.5bn as some universities and colleges will be able to wrap up the academic year before the end of 2020
The additional funding requirements for the National Student Financial Aid Scheme (NSFAS) to cover extra student costs in 2020 due to the Covid-19-induced delays to the academic year has been revised downwards from R4.6bn to R2.5bn.
Higher education minister Blade Nzimande said this was because some universities and colleges would still be able to complete the academic year before the end of 2020. Initial estimates for additional funding were based on a three-month extension across the higher education sector with all institutions completing the academic year in the first quarter of 2021...