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

Recommended

by NEWSROOM AI
Read More
Meet the woman striking the gender balance in the energy sector

Meet the woman striking the gender balance in the energy sector

Noxolo Kahlana believes there are many opportunities for women in the energy sector and encourages women to jump on the bandwagon.

Should heads of state make public their health status?

Should heads of state make public their health status?

Following speculations on the health of Nigerian President Buhari, Gugs and Sizwe ask why head of states hide when they are sick.

A steep price tag may not always constitute a good bed

A steep price tag may not always constitute a good bed

702's Gugs and Sizwe chat to UCT sleep researcher about how much time and energy should go into choosing the right bed.

#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
'Momentum did nothing wrong, legally. But the man died protecting his family!'

'Momentum did nothing wrong, legally. But the man died protecting his family!'

The Money Show’s Bruce Whitfield interviews consumer journalist Wendy Knowler.

'The universe is an extremely high-risk investment by the Creator'

'The universe is an extremely high-risk investment by the Creator'

Bruce Whitfield interviews Professor David Block about his attitude toward money (hopes and fears, successes and failures, etc.).

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Markus Jooste will absolutely hate this book by FM Editor Rob Rose

Financial Mail Editor Rob Rose talks about his book, “Steinheist: Markus Jooste, Steinhoff and SA’s biggest corporate fraud”.

Wife of Nathan Ganas speaks out over Momentum's refusal to pay up

Wife of Nathan Ganas speaks out over Momentum's refusal to pay up

Momentum has refused to pay a R2.4 million policy payout citing a non-disclosure breach

6 dumbest things people in their 20s do with money

6 dumbest things people in their 20s do with money

Sam Beckbessinger, the author of “Manage Your Money like a F*cking Grownup,” has some tips, so you don’t have to live with regret.

[LISTEN] 'We will not pay out the insurance claim', MMI CEO tells Eusebius

[LISTEN] 'We will not pay out the insurance claim', MMI CEO tells Eusebius

Eusebius McKaiser engages MMI CEO in a fiery debate about why they won't pay gunshot victim's R2.4 million policy claim.

VW vehicle nightmare to cost customer R23 000  after third engine fails

VW vehicle nightmare to cost customer R23 000 after third engine fails

A brand new Touran that's had three new engines since 2012 is about to cost the customer R23 000 for a fourth engine.