Even with a budget of over R9 billion this year, we will still be - TopicsExpress

Even with a budget of over R9 billion this year, we will still be able to help only 1 out of every 2 students who apply for funding. In 2013, our budget was R8,315 billion, of which we have already paid out R7,4 by January 2014. This is the single biggest amount of funding NSFAS has ever made by January of any year in its history. It is a significant increase over this time last year, when we had paid out R6,8 billion. The maximum amount NSFAS will provided in 2014 is R64 000 per student to cover tuition and residence fees, books and travel to and from campus. We acknowledge the frustration faced by many students who cannot access student financial aid due to the limited availability of funds.

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