On Thursday, the financial aid scheme’s Chief Executive Officer, Msulwa Daca, briefed media in Midrand, following a meeting between NSFAS and all Sector Education and Training Authorities (SETAs).
The meeting discussed policies around student funding and commitments to fund qualifying students at higher education and training institutions.
The meeting formed part of government’s resolve to channel various sources of funds through NSFAS to increase access to higher education and training.
“Currently, SETAs contribute a total of R365 million towards bursaries that are awarded to students through NSFAS… Without SETAs, we would be funding fewer students,” said Daca.
To date, more than 1.5 million students have been assisted by the scheme and more than R50 billion has been spent.
Daca said SETAs committed to continue supporting NSFAS with student funding, while NSFAS said it woud improve the administration of funds and tighten its policies.
He also said administrative guidelines and criteria should be reviewed.
“The student selection process and enrolment for critical and scarce skills … courses should be in line with the Human Resource Development Strategy of South Africa.
“NSFAS funded students should be prioritised for internships, skills development programmes and employment,” said Daca.