Minister of Higher Education and Training
Blade Nzimade on Monday announced that the financial assistance in the form of
the National Student Financial Aid Scheme has been increased to R9.8
billion.
Ministerial Spokesperson Khaye Nkwanyana
said the budget increase will hopefully help in the increase of the intake of
young people who are in the post school education and training, so that we meet
the objectives of the National Development Plan.
Nkwanyana said out of this amount the
allocation to universities will cater about 205 000 students who are
applying to universities and about 200 000 for all our 50 colleges in the
country.
“This will mark a significant increase
which will total to 405 000 students who will be covered by this
particular loan scheme that includes also bursaries within it” Nkwanyana added.
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