Sizwe Nxasana on plan to tighten the allocation of NSFAS funds

The National Student Financial Aid Scheme (NSFAS) is to tighten the way in which it allocates funds to students in the higher education sector.

NSFAS Chairperson Sizwe Nxasana recently revealed the entity's proposed new funding system, which is expected to be in effect from the year 2018.

Speaking to #NightTalk's Gugs Mhlungu and Sizwe Dhlomo, Nxasana said that the new funding system will be centralised and run by NSFAS, together with various government bodies.

Nxasana said that the new funding system will look to address some of the challenges of the current funding system. Among several undertakings, NSFAS will increase the maximum income household threshold for NSFAS applicants, and focus on reducing student dropout rates at universities and TVET colleges.

Listen to the full interview below...

Currently we don’t fund students that come from households that earn above 122 000 rand, who may be too poor to have securities and things required by banks

Sizwe Nxasana, NSFAS Chairperson

In the current system it is difficult to see where students are spending the money

Sizwe Nxasana, NSFAS Chairperson

By centralizing the system, we will stop a lot of leakages and inefficiencies, as well as the practices that have been developed and allowed to continue over time

Sizwe Nxasana, NSFAS Chairperson

The fact that we are partnering with private funders doesn't mean that (NFSAS) loan conditions will become stricter

Sizwe Nxasana, NSFAS Chairperson
Read More
How to combat South Africa’s sugar diabetes problem

How to combat South Africa’s sugar diabetes problem

Dr Sundeep Ruder says 3.85 million people have diabetes in the country and many of these cases are undiagnosed.

Political analyst calls for calm, 'ANC NEC meeting not about outcomes'

Political analyst calls for calm, 'ANC NEC meeting not about outcomes'

Dumisani Hlophe, political analyst, says sometimes it’s not about the outcome of the debate, but about the significance of it.

Grooming pains: The price of grooming your body hair

Grooming pains: The price of grooming your body hair

Clinical sexologist Professor Elna McIntosh describes the delicate grooming issues people encounter to look good.

#FeesMustFall sparks higher education alternative funding discussions

#FeesMustFall sparks higher education alternative funding discussions

With the #FeesMustFall uprising at universities nationwide, the conversation has started on how else higher education can be funded.

Heated #WitsFeesMustFall debate on #TalkAtNine

Heated #WitsFeesMustFall debate on #TalkAtNine

Gugs and Sizwe hosted two Wits University students in a debate to break down what the "Wits Fees Must Fall" movement is about.

What will Nxasana do to improve NSFAS?

What will Nxasana do to improve NSFAS?

Blade Nzimande has announced First Rand Bank CEO Sizwe Nxasana as new chairperson of National Student Financial Aid Scheme (NSFAS)

Popular articles
Brother of man who died in Kuga opens up on air, discusses lawsuit against Ford

Brother of man who died in Kuga opens up on air, discusses lawsuit against Ford

John Maytham interviews Kaveen Jimmy; who says he has damning evidence against Ford.

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

'My daughter bought Spur shares when she was 10 years old' - Dr Adrian Saville

What does Citadel’s famed disciple of contrarian, deep-value investing Dr Adrian Saville hope for (and fear) about money?

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

‘3 richest South Africans have wealth equal to the poorest 28 million’ – Oxfam

The Free Market Foundation's Leon Louw, however, calls Oxfam "OxScam" and says the organisation does not care about poor people.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

NSFAS to reopen 2017 applications

NSFAS to reopen 2017 applications

National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

They couldn’t fix his iPod, so he did it himself (thereby creating iFix)

They couldn’t fix his iPod, so he did it himself (thereby creating iFix)

Alex Fourie created iFix in 2006 from his dorm room at university. Today it repairs about 10 000 devices a month.

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.