NSFAS to implement new funding guidelines for 2027
NSFAS aims to implement new guidelines for student funding for the next academic year
Higher Education Minister Buti Manamela has announced that the new funding guidelines for student financial aid at universities will be finalized by 2027. Manamela and the National Student Financial Aid Scheme (NSFAS) Board briefed Parliament's oversight committee on the progress of the new application portal system for the 2027 academic year.
The main objective of these guidelines is to stabilize the current funding governance and rules. Manamela emphasized that improving the student experience is crucial, particularly in addressing accommodation and funding guidelines, which he aims to finalize by 2027.
The Chairperson of the Higher Education Portfolio Committee, Tebogo Letsie, has been discussing the development of the sustainable funding model with Manamela. Letsie confirmed that Manamela assured him of a presentation on the sustainable student funding model when it is ready. He added that once the presentation is finalized, the committee will allocate time in their schedule to hear Manamela's specific input on the matter.
Letsie also mentioned that the committee will provide feedback to Manamela regarding the readiness and progress of the sustainable funding model.
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