The reasons behind Godongwana’s push to close the NSFAS student financial scheme

Finance Minister Enoch Godongwana has again sparked debate after publicly criticising NSFAS Finance Minister Enoch Godongwanahasagainsparked debate after publicly criticising theNational Student Financial Aid Scheme (NSFAS),sayinghe sees little value in the institution. sparked debate after publicly criticising theNational Student Financial Aid Scheme (NSFAS), His comments come as the financial aid scheme continues to face scrutiny over alleged mismanagement and delays in paying students. Godongwana says the government spends R700 million a year running NSFAS, money he believes could pay the fees of thousands more students.

He added that his criticism is not aimed at student funding itself, but at what he sees as inefficiencies within the institution. “It’s nice, I’ve learned that to be Minister of Finance, you don’t have to be loved by everybody.Youjusthave to state the facts.NSFAS is supposed to be paying universities for student accommodation and other services, but instead, they’ve employed three other service providers to do the work they were created to handle,” Godongwana added. “It’s nice, I’ve learned that to be Minister of Finance, you don’t have to be loved by everybody.

NSFAS is supposed to be paying universities for student accommodation and other services, but instead, they’ve employed three other service providers to do the work they were created to handle,” Godongwana added. He also previously criticised the scheme for its high executive pay, saying the CEO reportedly earns R4 million a year. Last year, the minister suggested thatthe financial aid schemeshouldbe dissolved, with universities taking over the management of student fundingdirectly. He argued that this would cut costs and get money to students faster.