Outa accuses Nsfas of benefiting service providers at expense of students
According to an investigation by the Organisation Undoing Tax Abuse , the hiring of a service provider to give out bank cards to National Financial Student Aid Scheme beneficiaries was irregular.
Outa’s portfolio manager Rudie Heyneke said the organisation questioned the value of these contracts, particularly in light of the Nsfas reduction of subsidies for student accommodation.We question whether contracts such as these are not unnecessarily draining Nsfas' resources and contributing to its cuts to student subsidies.
Heyneke added they believed that students were being locked into very expensive deals aimed at benefiting the service providers, and not the students, which enriches the new, inexperienced companies, who stand to rake in hundreds of millions of rand at the expense of students and taxpayers.
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