Question NW414 to the Minister of Higher Education, Science and Innovation
07 March 2024 - NW414
Khakhau, Ms KL to ask the Minister of Higher Education, Science and Innovation
What total number of students have to date been allocated money in accordance with his department’s missing-middle funding model?
Reply:
NSFAS is currently still processing applications based on financial eligibility of a combined family income in the range of R351 000 to R600 000. Academic institutions will assist in establishing academic eligibility (e.g. STEM vs Humanities programmes and the 70:30 split respectively).
Once both requirements of financial and academic eligibility are satisfied, NSFAS will share the loan agreement forms and associated documents for each eligible student with the students. Disbursement will follow thereafter.