Infographic: NSFAS demand versus funding

24 Feb 2015 (7 years, 5 months ago)

Recently, the Department of Higher Education and Training (DHET), along with the National Student Financial Assistance Scheme (NSFAS) met with the Committee to brief Members on the process of registration and enrollment at universities and Technical and Vocational Education Training Colleges (TVET) for the year 2015. They detailed the state of funding for Higher Education Universities and Technical and Vocational Training (TVET) Colleges.

Delivering his first budget speech yesterday, Finance Minister Nhlanhla Nene, told the country that "We are mindful of the pressures on student financing at our higher education institutions. The National Student Financial Aid Scheme is projected to spend R11.9 billion in 2017/18, up from R9.2 billion in 2014/15. This will support a further increase in university enrollments and in technical and vocational colleges." However, it is debatable whether this injection of funds will be enough to cover the growing amount of university and TVET entrants in need of financial aid.

The following infographic details the state of funding, and evaluates the relationship between funding allocations and an increased demand for funds to meet students' financial needs.

nsfas



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