SA Coat of Arms.jpg

 

Ministry of Higher Education and Training, 12 March 2015

 

 

Government continues to improve access of poor students through NSFAS

 

 

Government continues to make strides on improving access to higher education
and training for the students coming from poor families through the National
Student Financial Aid Scheme (NSFAS). The NSFAS allocation has been steadily
increasing each year and thereby increasing the number of students entering
the Post-Education and Training (PSET) system. 

 

Additionally, the Sector Education and Training Authorities (SETAs) and
National Skills Fund (NSF) have made substantial contributions to NSFAS each
year.

 

A period from 2012 - 2014/15, National Student Fund Aid Scheme has made
allocations that supported substantial numbers of students. During this
period we have made the following allocations:

 


Year

Actual Budget

Total Spent

Total Student Awards*

No. of Students Supported


2012/13

R7,439,417,000.00

R7,830,040,823.00

R 7,710,870,823.03

382 943


2013/14

R8,022,520,000.00

R8,819,192,578.00

R 8,701,405,577.52

416 180


2014/15** 

R8,375,767,000.00 

R9,037,044,003.25

R 8,919,052,501.25

409 475

 

Notes:

*    NSFAS received additional funding from other donors such as the Sector
Education and Training Authorities and the National Skills Fund, which were
not included in the original budget. 

**    2014 - Figures as at 26 February 2015 - NSFAS is still finalising the
claims for the 2014 academic year

 

The National Student Financial Aid Scheme will complete the information
compilation in due cause on the current 2015/16 numbers of students
supported from this year R9.5 billion budget. 

 

 

Issued by the Ministry

 

Khaye Nkwanyana

Media Liaison Officer

[email protected]

083 952 9723

  

 

 

 

 

 

 

 

 

 

 

 

 

 

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