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R700m spent on NSFAS administration could fund 9 000 students - Godongwana
The Mercury
|February 27, 2026
FINANCE Minister Enoch Godongwana has launched a scathing attack on the National Student Financial Aid Scheme (NSFAS), saying he does not see the value of the institution.
Last year, it was reported that Godongwana said that if it were up to him, he would even close the institution tomorrow with his “eyes closed”.
The financial aid scheme continues to face reports of mismanagement, which is said to have severely affected its ability to effectively distribute funds to students.
Godongwana said the government spends about R700 million a year on administering NSFAS, money he believes could instead be used to fund the studies of around 9 000 additional students.
“I don't see its value. In fact, we're spending R700 million on the administration of NSFAS. If we took that money and divided it, we could pay the fees of 9 000 students, just with what we spend on administration.
Cette histoire est tirée de l'édition February 27, 2026 de The Mercury.
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