Nzimande suggests prioritising certain degrees and programmes for NSFAS funding

--:--
Higher education, science and innovation minister Blade Nzimande says perhaps National Student Financial Aid Scheme (NSFAS) funding allocation should be prioritised according to certain degrees and programmes based on the country’s needs.
But before this “discrimination”, as the minister called it, there should be a large college sector that can absorb students who don’t get funding for university education.
The minister was in parliament tabling the department’s state of readiness for the 2024 academic year.
NSFAS, government’s bursary scheme, aids students who lack financial access to higher education.
For students in the “missing middle” - households earning within the threshold of R350,000 to R600,000 a year - the minister said they should be on a mixed system of a loan and a bursary. He said his preference was for PostBank to handle loan systems for the missing middle.
“We have raised R3.8bn and our figures tell us that money will go a long way in addressing the missing middle”
Last month thousand of students were left in limbo by the financial scheme when they did not receive their allowances. NSFAS blamed the universities' data management systems for the payment failures.
8 Dec 2023 4AM English South Africa News · Daily News

Other recent episodes

Jacob Zuma’s homophobic remarks at MK rally

“Who made the law that a man can date another man? Who will women be left with?” asks former president Jacob Zuma. Zuma is against legalisation of same-sex relationships and said if people vote for the MK Party the “laws people never supported” will be prohibited. He said he wants…
26 Feb 7AM 2 min

'ANC deployment has produced some of the best directors-general' — Mbalula 

ANC secretary-general Fikile Mbalula says the ANC's cadre deployment policy has produced “some of the best directors-general” in government departments over the years. Mbalula briefed media at Moses Mabhida Stadium in Durban on Thursday. The ANC had to hand over its cadre deployment committee meeting minutes to the DA by 5pm…
22 Feb 7AM 2 min

Fikile Mbalula laughs off Jacob Zuma's two-thirds target for MK party

ANC secretary-general Fikile Mbalula said on Wednesday the MK party's target of a two-thirds majority in May's election is just a pipe dream. Mbalula was addressing the ANC's rally in Msinga north of KZN. The secretary-general said former president Jacob Zuma failed to amass a two-thirds majority when he was…
22 Feb 3AM 2 min

Budget 2024/2025: sin tax increases and social grants adjustments 

Finance minister Enoch Godogwana on Wednesday says tax revenue collection streams such as sin taxes will increase in 2024/2025. Alcohol products and tobacco products saw increases. The Minister also announced government spending which includes education, health and  job creation programmes. 
21 Feb 9AM 4 min

Clothes, food and calls — Thabo Bester’s grievances with prison

Convicted murderer and rapist Thabo Bester has complained that prison is denying him his own clothing, calls and diabetic food. Bester and his girlfriend Nandipha Magudumana, with seven co-accused, face charges ranging from fraud to violation of a corpse and arson.  Bester, Magudumana and one other accused are in custody…
21 Feb 5AM 3 min