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This presentation to the Portfolio Committee on Higher Education and Training discusses the student financial aid process for 2015, challenges faced in 2014, new funding models, stakeholder engagements, and media partnerships.
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allocations to Universities and TVET Colleges 2015Presentation to the Portfolio Committee on Higher Education and Training 18 February 2015
PRESENTATION OVERVIEW • Introduction • 2014 Review and Challenges • 2015 Process – Old and New Model • 2015 Preparations • 2015 Loans and Bursaries • Communication with Institutions • Other Interventions • Media Engagements • Stakeholder Engagements
INTRODUCTION Mandate In terms of the NSFAS Act, the organisation’s mandate is to: • develop criteria and conditions for the granting of loans and bursaries to eligible students in consultation with the Minister • raise funds • allocate funds for loans and bursaries to eligible students • recover loans • maintain and analyse a database and undertake research for the better utilisation of financial resources • advise the Minister on matters relating to student financial aid • perform other functions assigned to it by the NSFAS Act (56 of 1999) or by the Minister
2014 REVIEW AND CHALLENGES CHALLENGES • Students with historic debt • Not all students can be assisted • Unfunded programmes e.g. B.Tech • Implementation of the new student-centred model • Student protests
2014 REVIEW AND CHALLENGES REVIEW • R8.7 billion paid to TVET’s and Universities in 2014 • R 1,156,745,994 paid in the new model • R 7, 530 413 905 paid in the old model • New Student Centred Model piloted at 11 Institutions: • 6 Universities • 5 TVET Colleges
2015 PROCESS – OLD MODEL Receives allocation Receives upfront payment Awards loans Pays allowances Submits claim to NSFAS Pays claim Checks claim Institution NSFAS • No changes in process. • Affects about 85% of the NSFAS student population.
2015 PROCESS: NEW STUDENT-CENTRED MODEL • New model: • Student Centred • Allocations managed by NSFAS • Student knows funding status before registration • Apply once only for a course of study • Affects about 15% of the student population New Applications Confirm returning student listing Ranked after results and provisionally funded Registration Allowances paid within 48 hours Returning Students Student applies online Ranked after results and provisionally funded Registration Signs online Loan Agreement Allowances paid within 48 hours
2015 PREPARATIONS • 19 December 2014: Allocations confirmed to universities • DHET to confirm allocations to TVET colleges • 30% upfront payment to universities (on request) • 10% upfront payment to all TVET colleges (20% in April 2015) • Maximum funding per university student is capped at R67 200 • Dedicated funding for students with disabilities
COMMUNICATION (INSTITUTIONS) • Communication with institutions regarding allocations • HESA/DHET/NSFAS on 2015 Readiness • DHET/NSFAS Meeting with Student Leaders/ Organisations • Issued the following circulars: • Administration Process for TVET • Administration Process for Universities • DHET Final Year Programme • B-Tech • Administration of SETA Funding • NSFAS Learning Material Guidelines
OTHER INTERVENTIONS • Roving teams to visit institutions during registration • To pilot and non-pilot institutions • Continuously engaging potential sources of funding including SETAs • Signed 2015 MOU with HWSETA • Singed 2015 MOU with Services SETA • Singed 2015 MOU with FASSET • Agreement with DBE to allocate funding much earlier • Fundza Lushaka list for pilot universities now available much earlier.
Questions and discussion The doors of learning and culture shall be opened! Freedom Charter, 1955 White Paper on Post school Education and Training, 2013