(1)With reference to the student who mistakenly received an allowance of R14 million from the National Student Financial Aid Scheme (NSFAS), (a) which entity subcontracted a certain company (name furnished) to disburse NSFAS student grants for Walter Sisulu University and (b) whether the company was vetted to ensure the quality of their service Minister of Higher Education and Training PARLIAMENTARY QUESTION 2870 IS APPROVED / NOT APPROVED / AMENDED. It is recommended that the Minister signs Parliamentary Question 2870. A provision is raised in terms of Generally Recognised Accounting Practice standards for the amount that may not be recovered. (d) NSFAS recognises all amounts advanced to students, including graduates, as debtors. Prescription of debt is therefore determined on a case-by-case basis. For the reasons stated above, NSFAS is not able to determine when debt is prescribed. (c) NSFAS only writes off debtors when they are deceased or disabled. The information below should therefore be interpreted in this light. NSFAS therefore establishes when a debt becomes due and payable by using available South African Revenue Service records but this information is an approximation. Debtors are required and expected to contact NSFAS when this condition has been met. NSFAS debt becomes due and payable when a debtor is employed and earning above R30 000 per month. (b) Due to the way the NSFAS debt is structured, NSFAS does not have a complete and accurate record of when NSFAS debt becomes due and payable. (a) The total number of graduates is 166 724. The National Student Financial Aid Scheme (NSFAS) has reported the following information: MINISTER OF HIGHER EDUCATION AND TRAINING PARLIAMENTARY QUESTION 2924 IS APPROVED / NOT APPROVED / AMENDED. It is recommended that the Minister signs Parliamentary Question 2924.ĭIRECTOR–GENERAL: HIGHER EDUCATION AND TRAINING Sefako Makgatho Health Science Universityįor the full set of active current and non-current debt owed by students as atġ0 October 2017, the current balance due to NSFAS amounts to R36bn (including where students are still studying and/or the debt is not due) per institution, and is detailed in the table below: (due and repayable) and those which are not current (students are still studying or have not yet started earning an income higher than the threshold for repayment).įor the full set of active and current debt as at 10 October 2017, the current balance due to NSFAS amounting to R10, 039 billion per institution is below: Active loans are differentiated by those that are current debt This is undertaken on a case-by-case basis.īoth these Questions referred to a subset of the active loans on NSFAS’ loan management system.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |