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NSFAS Has Provisionally Funded More Than 650 000 Projects For 2024

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NSFAS Has Provisionally Funded More Than 650 000 Projects For 2024

NSFAS Has Provisionally Funded More Than 650 000 Projects For 2024. Minister Blade Nzimande disclosed significant updates during a media briefing on Tuesday, unveiling that NSFAS has provisionally funded over 650,000 students for the 2024 academic year.

Funding Landscape and Application Details

Highlighting the financial scope, Minister Nzimande shared that NSFAS funding has surged from R21.4 million in 1991 to an impressive R48 billion in 2023. Applications for 2024 NSFAS bursaries are currently open, with the deadline set for January 31, 2024.

Application Statistics and Provisions

With 1.5 million NSFAS applications received, Minister Nzimande revealed that 657,703 students have already received provisional funding. Notably, a majority of these recipients are Sassa beneficiaries. Further applications are expected before the closing date.

NSFAS Consent Form and Eligibility Checks

Applicants are reminded of the importance of submitting a NSFAS consent form to verify information from third parties. This step, crucial for eligibility checks, ensures accurate assessment. Sassa beneficiaries, however, are exempt from this requirement.

NSFAS Allowances 2024

Expressing concern about outstanding allowances for 2024, Minister Nzimande urged swift resolutions. He emphasized that institutions should not hinder the registration of NSFAS-funded students with outstanding payments. Noting reconciliation challenges, he urged stricter management for the 2024 registration adjustment process.

Conclusion

In preparation for the 2024 academic year, NSFAS has provisionally funded over 650,000 students, emphasizing financial accessibility. With applications still open, Minister Nzimande underscores the importance of resolving outstanding 2023 allowances, urging institutions to streamline registration processes for a smoother 2024 cycle.

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