SIU Returns R1.7bn to NSFAS Student Fund, Recovered From Universities and Unqualified Students
Recovered funds stem from unallocated payments between 2016 and 2021 due to weak controls; over R2 billion reclaimed from institutions and unqualified recipients, SIU said.
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SIU claws back R1.7bn for NSFAS as state tightens grip on student funding abuse
By Thapelo Molefe More than R1.7 billion meant for poor and working class students has been returned to the National Student Financial Aid Scheme (NSFAS) after an investigation exposed years of weak controls, unclaimed funds and payments to unqualified beneficiaries. The Special Investigating Unit on Tuesday announced it had recovered the money from universities, TVET colleges, parents and former students. ALSO READ: Former Eastern Cape teacher …
SIU recovers R1.7 billion from institutions for NSFAS funding
The Special Investigating Unit (SIU) has successfully recovered R1.7 billion that will be redirected to the National Student Financial Aid Scheme (NSFAS), paving the way for better support to students across South Africa’s higher education institutions, reports Cape {town} Etc. This substantial amount is part of a larger R2 billion that the SIU has unearthed from universities, TVET colleges, and unqualified former students. The SIU’s findings re…
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