Fears that R2bn NSFAS funds paid erroneously to students won't be recovered

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Fears that R2bn NSFAS funds paid erroneously to students won't be recovered
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It is feared that up to R2 billion in student financial scheme payments made in error to “wrong students” might never be recovered at a time when thousands struggle to get tertiary education funding. TheStar_news

Johannesburg - It is feared that up to R2 billion in student financial scheme payments made in error to “wrong students” might never be recovered at a time when thousands struggle to get tertiary education funding.

At the height of the disbursement challenges, Walter Sisulu University student Sibongile Mani was “accidentally” paid R14.1 million from the scheme in 2017. Following #FeesMustFall, the scheme now funded bursaries instead of loans to students from households earning R350 000 per annum. It had already paid out R4.2bn by March.

The failure to pay out bursaries led to student protests across several universities and technical and vocational education and training colleges.“Many of the problems and additional concerns have been unearthed during the period of administration thus far,” Nzimande said.

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