A new student allowance payment mechanism for universities and colleges will be fully developed by September 2024
The minister said detractors have celebrated the reputational damage to the student funding scheme, his department and the government.
The troubled student financial aid scheme will be placed under administration
The student financial aid scheme’s board has rejected calls by students demanding that their accommodation allowances be paid to them directly
Three days of protest because allowances are now paid directly to landlords
The civil rights organisation says students have been asking it to intervene and warned if the crisis was not resolved fast, they would have no option but to protest
The student aid scheme has in the past received qualified audit opinions, but most recently received an adverse opinion because of shambolic internal controls
The financial aid scheme did not take steps to ensure a settlement between the funds paid to higher education institutions and the allocation of those funds to students
The financial aid body’s delay in paying out funds has devastating consequences for those it is meant to help
The financial aid scheme said it had to date paid about R1.7 billion to tertiary institutions for last year’s fees