Billions of Rands have been paid out to students who weren’t eligible to receive money from the National Student Financial Aid Scheme (Nsfas), according to the Special Investigating Unit (SIU).💸Corruption TheCitizenNews
, the SIU’s chief national investigations officer Leonard Lekgetho indicated that the unit estimates that the probe would take approximately 18 months to complete.
Lekgetho said some students were awarded the Nsfas bursary despite not submitting their parent’s details upon application.Only students whose annual household income is under R350 000 qualify to receive funding. “We are looking at students one-by-one so that we can able to see at what point each student did not qualify so that we can be able to determine when and how much [these] students are supposed to pay back. We also looking at the employment status of the students.”He revealed that R5.1 billion has been paid out to just over 40 000 non-qualifying students across 76 tertiary institutions in the country.
“Once scoping is finalised more details will be reported on. Investigation has commenced, but is at an early stage considering the amount of scoping involved.”Letgetho further informed Parliament that Nsfas had failed to come up with and implement measures to ensure that the funds paid to the institutions matched the allocation of funds to students.“However, they have recently appointed a service provider to assist them perform this reconciliation in a process called close out reporting.
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