R1 billion in emergency funding needed to support first year university students
08 January 2015
The DA will write to the Minister of Higher Education and Training, Dr. Blade Nzimande, urging him to request immediate emergency funding from Treasury to aid the National Student Financial Aid Scheme (NSFAS) so that they may provide much needed financial support to incoming first year students.
Based on previous years, we estimate that R1 billion in emergency funding will be needed to support those students who achieved bachelor passes to go to university.
The Department of Higher Education and Training will provide R10.2 billion in 2015 in funding through NSFAS to tertiary institutions, two thirds of which (R6.8 billion) will go to universities. However, NSFAS has admitted that they are only able to fund roughly 50% of all students eligible for funding and that the majority of funding goes to second and third year students, making far less available to first time entrants.
The government announced on Monday evening that 150,752 (28.3%) pupils obtained so-called 'bachelor' passes in the 2014 matric year, which make them eligible for university entrance.