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NSFAS's R5 billion overspend on student accommodation
Cape Argus
|May 08, 2025
THE National Student Financial Aid Scheme (NSFAS) went nearly R5 billion over its budget for student accommodation in 2024/25, it said, while giving an update to the portfolio committee on higher education and training yesterday.
The acting chief executive officer, Waseem Carrim, elaborated on the complexities of managing student accommodation and the steps NSFAS is taking to address these issues.
Carrim said there are three levels of accommodation: on-campus institution-owned and managed accommodation, private accredited student accommodation, and private unaccredited accommodation.
Carrim said that for the 2025 academic year, NSFAS accredited about 326 000 beds, received around 152 000 applications and 126 000 students have been onboarded in that process.
They paid 3 800 extra accommodation providers representing over 100 000 students.
To date, the disbursements are about R1.3bn.
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