Free higher education under threat as NSFAS shortfall reaches R15bn
South Africa's commitment to free higher education is under threat as Higher Education Minister Buti Manamela reveals a staggering R15 billion funding shortfall for the National Student Financial Aid Scheme (NSFAS)
The National Student Financial Aid Scheme (NSFAS) in South Africa is facing a significant funding shortfall of approximately R15 billion, threatening the sustainability of free higher education. Minister Buti Manamela warned that as the number of students seeking financial support grows, government funding has not kept pace, resulting in an increased shortfall.
From R2.5 billion in 2018, NSFAS's funding gap has grown to R15 billion due to rising student numbers needing assistance. While NSFAS aims to provide free higher education, the ministry emphasizes the need to find additional funding sources to maintain this commitment. However, Finance Minister Enoch Godongwana has raised concerns about NSFAS's administration costs, suggesting the government spend R700 million annually on managing the scheme could instead fund around 9,000 students.
Despite this, the government is actively exploring policy proposals to address the funding challenges faced by NSFAS.
Written by urgent.news from IOL's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
