higher education financial aid

The Unexpected Storm Swirling Around South Africa’s National Student Financial Aid Scheme

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South Africa’s National Student Financial Aid Scheme (NSFAS) is currently embroiled in a legal battle over a contentious contract with eZaga, Coinvest Africa, Tenet Technology, and Norraco Corporation, which was aimed at disbursing payments to university and TVET college students. The contract’s termination was met with an urgent court application from eZaga, which secured a favorable ruling on July 15th due to irregularities in the tender award process. The situation remains complex, impacting the students who depend on the aid.

social security grants south africa

Significant Increment in Social Security Grants: A Ray of Hope for South Africans

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South Africans can rejoice as the government increases Social Security grants, including the SRD grant and oldage pensions, to provide muchneeded financial support. Applying for the SRD grant is easy, with disbursement scheduled for the last week of every month, starting from April 24th. Applicants for oldage pensions must pass an asset and means test, but the waiting period for approval may result in retroactive payment dating back to the time of application. These grants demonstrate the government’s commitment to building a fairer, more inclusive society and provide crucial support to millions, contributing to the creation of a more inclusive society where poverty and income disparity are not insuperable obstacles.

south africa financial aid

South African University Students March for Better Financial Aid

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Approximately 100 students from various universities across South Africa marched to the National Student Financial Aid Scheme (NSFAS) head offices in Cape Town on Wednesday. The students voiced their concerns over funding and the organization’s need for more responsiveness. This march demanded change from South African university students who feel neglected by the financial aid system.

financial aid mismanagement

Mismanagement of Student Financial Aid Funds: A Call for Urgent Attention

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Properly managing funds intended for student financial aid is crucial to ensure students can access the resources they need to succeed. Unfortunately, misappropriation of these funds is a severe issue that requires urgent attention. While the recent payment made by UJ to NSFAS is commendable, it is not enough to prevent future occurrences of mismanagement.