About 900K students stand to benefit from Nsfas budget of R47.6 billion

Higher Education Minister Blade Nzimande has projected this year’s National Student Financial Aid Scheme (Nsfas) budget at R47.6 billion.

During a press briefing, he estimated that 900,000 tertiary students could benefit from the fund for the 2023 academic year.

Nzimande, joined by Nsfas board chairperson Ernest Khosa, gave an update on the scheme’s funding distribution this year.

Last week, the minister announced that Nsfas-funded students with historic debt would be allowed to register for the 2023 academic year.

“Out of these qualifying students over 60% of undergraduate students in our public university system received support from Nsfas. Well over 90% of students in Tvet colleges are Nsfas beneficiaries”.

Nzimande said his department conducted extensive consultation on increasing allowances for Nsfas beneficiaries.

“University managed and catered to students will receive an R5,460 learning materials allowance [and an] accommodation allowance capped at R61,500 per annum”.

-EWN

In other news – What you need to know about multimillionaire, Muzi Zulu who is marrying DJ Hlo

Soon…one of our favourite DJs in Mzansi will be allegedly walking down the aisle and we can’t wait for that moment! Wedding bells are ringing for DJ Hlo and multimillionaire Muzi “Maz” Zulu — according to reports.

The rumoured couple is set to make things official by tying the knot soon. This comes after reports that Zulu got married to his first wife last year and will be making the Isbani DJ his second wife. “He recently bought her a car and a house in Ballito, north of Durban. Zulu has met her family and paid lobola,” said the source,” a source said to Daily Sun. Learn More