South Africa’s National Student Financial Aid Scheme (NSFAS) faces a financial dilemma that could leave over 87,000 university students without financial support due to a proposed 10% budget cut by the National Treasury. This could result in increased student protests and a decline in funding, affecting the sector. Universities and TVET colleges already face a massive funding deficit, with NSFAS collaborating with student unions and universities to tackle the defunding and disburse outstanding payments. While the financial future looks turbulent, all stakeholders are working towards sustainable solutions for the students.