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South African student aid fund owed billions

Image: Neerav Bhatt [CC BY-NC-ND 2.0], via Flickr

NSFAS still waiting for skills fund money promised to plug 2021 shortfall

South Africa’s National Student Financial Aid Scheme has still not received the R3.3 billion (US$220 million) it was promised last year to cover its 2021 budget shortfall, its CEO has revealed.

Andile Nongogo, the NSFAS chief executive officer, said that the money from the National Skills Fund was meant to partially cover his organisation’s academic year shortfall of R5.67bn. The rest of the shortfall was met by cutting university budgets, a move that higher education minister Blade Nzimande likened to “robbing Peter to pay Paul”.

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