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NSFAS announces completion of 2026 funding applications
The Mercury
|January 05, 2026
THE National Student Financial Aid Scheme (NSFAS) has confirmed that it has processed all 2026 funding applications ahead of the start of the academic year.
A total of 893,847 applications were received from first-time entering students, of which 609,403 qualified for financial aid, 49,538 were rejected, 218,043 remain incomplete due to missing documents, and 16,863 were withdrawn or cancelled.
The scheme has faced criticism in recent years for delays, mismanagement, and administrative errors. In response, Finance Minister Enoch Godongwana has proposed abolishing NSFAS and directing student funding straight to universities and colleges, a move that has been welcomed by ActionSA.
The party said the approach could finally end the corruption, chaos, and chronic mismanagement that have long plagued student funding, ensuring that money reaches students faster and more reliably.
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