Special Investigating Unit Uncovers Almost R700 Million in Debt Owed to NSFAS From Institutions

The Special Investigating Unit has recovered over R688 million from higher institutions of learning which owed the National Student Financial Aid Scheme

The unit briefed parliament's Standing Committee on Public Affairs and revealed that students also signed an acknowledgement of debts for fraudulently benefitting from NSFASSource: Getty Images The Special Investigating Unit revealed to the Standing Committee on Public Affairs that they recovered over R688 million from higher institutions of learning that owe the National Student Financial Aid Scheme. They also obtained the signatures of students who fraudulently benefitted from R49 million fromof rand monthly from NSFAS. According to the SIU, thousands of students benefitted from NSFAS, even though they did not qualify for the scheme.

NSFAS spokesperson Ishmael Mnisi said that the Treasury made the decision, but NSFAS will ensure that students still get funded.

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