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
 In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the car feature, our very own car guy Tumelo Maketekete shares some tips and tricks to buying a car on a R100 000 budget.

Signs your jealousy may be getting unhealthy

Signs your jealousy may be getting unhealthy

Managing jealousy has become increasingly important, particularly with the evolving structure of modern relationships says Dr Eve.

Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

Naked Scientist: Why is it that women live longer than men?

Naked Scientist: Why is it that women live longer than men?

Naked Scientist Chris Smith says there is a range of reasons why this may be true.

Survivor winner Tom Swartz vows to buy his wife 'new boobies and a family house'

Survivor winner Tom Swartz vows to buy his wife 'new boobies and a family house'

Swartz says he would have done anything to get the R1 million prize money.

'There is no way Magnus Malan could've done the things he is accused of'

'There is no way Magnus Malan could've done the things he is accused of'

Former police minister Adriaan Vlok has rejected accusations that former minister Malan was at the centre of a paedophile ring.