File image: NSFAS team offers funding opportunity to youth from poor and disadvantaged backgrounds at the Motodi Sports Complex in Ga-Motodi, Limpopo on July 15, 2023.The Special Investigating Unit says it has recovered more than R688 million from institutions of higher learning belonging to the National Students Financial Aid Scheme .
The Unit was briefing Parliament’s Standing Committee on Public Accounts on its investigation into the Scheme’s maladministration. The SIU says it’s on track to recoup that money. And it has already recouped millions of rands from institutions that were not used due to various issues. The SIU says it has visited 58 institutions, interviewing implicated students who were not eligible to benefit from the Scheme.