SIU Directs Universities to Settle Debt Owed to NSFAS

The Special Investigating Unit (SIU) has ordered higher education institutions to repay the National Student Financial Aid Scheme (NSFAS) immediately. The University of Johannesburg (UJ) has already paid back R311 million to NSFAS for the period between 2016 and 2021 as reported by the SABC News.

This payment was for students who were eligible for funding but either changed institutions or deregistered. The SIU initiated an investigation in September 2020, and since then, higher learning institutions have repaid almost R350 million to NSFAS.

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SIU spokesperson Kaizer Kganyago said that they do not understand why the money was not returned to NSFAS at the end of the financial year. He added that they already know of other institutions that have to repay the money and are appealing to these institutions to reconcile and repay the money.

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Photo: Facebook / @National Student Financial Aid Scheme (NSFAS)