Due to ongoing so-called 'technical glitches', NSFAS has now announced that they will be changing to a direct payment method for sending funds to students.
The National Student Financial Aid Scheme continues to be arguably one of the worst-run university funding schemes in the world. And you can fight me on that.
This decision has faced immediate backlash due to excessive transaction charges imposed on beneficiaries. Clearly, no one is thinking of the students, as the four contracted entities charge NSFAS beneficiaries a standard monthly fee of R12 for administrative costs, excluding additional transaction fees such as ATM withdrawals, card swipes, and card replacement fees.
William Sezoe, vice-chairman of the student representative council at Stellenbosch University, has come forward to criticise the lack of transparency and communication regarding payment timelines.
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