NSFAS to make payments to students on Friday

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The National Student Financial Aid Scheme (NSFAS) has confirmed that it has since received its budgetary allocation from National Treasury and will be making payments to tertiary institutions.

According to The Citizen, this comes after weekend reports that NSFAS had not received its funding allocation from National Treasury, and will only be able to release payments for students’ allowances to tertiary institutions once it receives the funds.

NSFAS said it is aware of the media reports regarding the receipt of its funding allocation from the National Treasury.

It said while there has been an increase in media interest regarding the matter has since been resolved.

“NSFAS can confirm that it has since received the first tranche of its budgetary allocation for the first quarter of the financial year. The Scheme will thus be able to start processing payments to institutions and paying student allowances from Friday, April 08, 2022.”

NSFAS said an official communication has been sent to all institutions on the allowance payment process.

“The institutions that have complied with the 2022 approved NSFAS Eligibility Criteria and Conditions for Financial Aid will receive payment from NSFAS. The Communique from NSFAS further requests institutions to abide by the funding rules set out in the NSFAS Eligibility Criteria and Conditions for Financial Aid, when disbursing funding to students.”

Faizel Patel