Over 86% university NSFAS beneficiaries successfully on boarded onto new direct payment system

4 August 2023

After just two months of implementation at universities, the National Student Financial Aid Scheme (NSFAS) is proud to announce that 86% of NSFAS-funded university students have been successfully onboarded onto the scheme's new direct payment method. This achievement marks a pivotal moment in our ongoing commitment to providing efficient and timely financial support to our beneficiaries.

Attached is a breakdown of all NSFAS beneficiaries paid through the direct payment method per university.

While we observe this milestone, we are cognisant that challenges persist. Approximately 14% of students are yet to access the full benefits of their bursary and this new venture. NSFAS remains resolute in its commitment to seamless accessibility of funds, and we are actively working to resolve any remaining barriers that hinder the disbursement of allowances to these students.

We continue to collaborate closely with universities and Technical, Vocational Education and Training (TVET) college officials, as well as student bodies, to constantly enhance the academic experience of our beneficiaries and still stand firmly in our condemnation of the use of this transition to perpetuate unrelated motives.

As part of our dedication to transparency and accountability, NSFAS encourages open communication with all stakeholders as we remain committed to addressing concerns, feedback, and suggestions from students, parents, institutions, and the public at large.

NSFAS will host a media briefing to address colleagues in the media and public at large on all issues pertaining to the direct payment solution, defunding of underserving students, streamlining of student accommodation and preparations for the 2024 Application cycle.

Issued by National Student Financial Aid Scheme, 4 August 2023