R4bn owed to Universities in fees amid threat of renewed student protests
04 December 2015
At a meeting of the Higher Education and Training Portfolio Committee, together with student leaders and other stakeholders, the Department of Higher Education and Training yesterday acknowledged that Universities are owed an estimated R4 billion in unpaid fees and residence expenses. This is on top of the R2.3 billion shortfall created by the fees increase moratorium announced for next year, and the total of R5 billion in unrecovered NSFAS loans for 2015 alone.
These astronomical figures speak to the chronic underfunding of the higher education system and NSFAS. As Universities are forced to increase fees in the light of shrinking government subsidies, they are placing a greater burden on students who are simply not able to afford it.
NSFAS is already only able to fund roughly half of the students who qualify for funding. This excludes those from the so-called “missing middle” – students who are too “well-off” to qualify for NSFAS loans, but who are nevertheless from underprivileged backgrounds.
These are the students that have been left behind, unable to pay for their studies, while President Zuma’s administration wastes billions on unnecessary luxury expenses, such as the planned R4 billion jet he is yet to denounce.