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Transforming Student Financial Aid: NSFAS Annual Performance Plan 2013 Overview

This presentation covers NSFAS's strategic plan, budget, and transformation programme with a focus on student-centered financial aid. It includes details on funding sources, strategic objectives, and performance indicators. The background, challenges faced, and benefits of the new student-centered model are also discussed.

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Transforming Student Financial Aid: NSFAS Annual Performance Plan 2013 Overview

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  1. PRESENTATION TO THE Standing COMMITTEE ON EDUCATION AND RecreAtionnsfas annual performance plan 2013/1429 may 2013

  2. Presentation Overview • 1 Introduction • Strategic Plan and Budget overview 2013 • Provide details of Performance in 2012/2013 • 2 Strategic Plan and Budget 2013/14 • Overview of Programmes • Programme strategic objectives, performance indicators, targets and associated budget • Budget summary • 3 NSFAS Transformation Programme

  3. Strategic Plan Overview PROGRAMME ONE: Administration Purpose: To conduct the overall management of the entity and to provide efficient and effective support services to internal departments Budget: R98 551 000

  4. Strategic Plan Overview PROGRAMME TWO: Student-Centred Financial Aid Purpose: To achieve the vision and mission of NSFAS by creating a centralised student financial aid system and to provide funding to eligible students while maximising recoveries and striving to increase the pool of funds Budget: R31 778 000 Funding Sources for Total Budget of R 130 329 000 DHET Administration Grant R 87 676 000Business Transformation Budget R 24 700 000 Administration FeesR 17 953 000 2012/2013 Loans and Bursaries Budget R8 142 376 000

  5. Performance 2012

  6. Programme 1:2013/14 Strategic plan targets/1

  7. Programme 1:2013/14 Strategic plan targets/2

  8. Programme 1:2013/14 Strategic plan targets/3

  9. Programme 1:2013/14 Strategic plan targets/4

  10. Programme 1:2013/14 Strategic plan targets/5

  11. Programme 2: 2013/14 Strategic plan targets/1

  12. Programme 2: 2013/14 Strategic plan targets/2

  13. Programme 2: 2013/14 Strategic plan targets/3

  14. Programme 2: 2013/14 Strategic plan targets/4

  15. Loans and Bursaries Budget

  16. Loans and Bursaries Budget / cont.

  17. Budget Overview

  18. NSFAS Transformation Programme background NSFAS funding has increased significantly since the NSFAS Act in 1999 • Growth from R441 million in 1999 to R8,2 billion in 2013 • Financial aid to university and FET college students has increased substantially in the past 5 years: • From R3,1 billion for 191 040 students in 2009 – to R8 billion for over 400 000 students in 2013 NSFAS structures, policies and systems have not kept pace with growth in funds • Loan Management System developed for TEFSA is outdated, inadequate • AG Disclaimer of Opinion in 2010

  19. Background (continued) • Applications annually through Financial Aid Offices not controlled by NSFAS – process developed over time and is deeply flawed • requires ad hoc adjustments such as 30% upfront payments • Inefficiency, fraud and corruption – all applicants means-tested, including learners from Q1, Q2 schools • NSFAS has no direct relationship with students until they have exited • Makes it difficult to recover loans and replenish the pool of funds • Old systems do not manage information or facilitate reporting Despite the growth in funds, supply still falls far short of demand • Institutions ignore means test results and “topslice” allocations • This achieves access but hinders success • Students are registered but unfunded - 2013 shortfall estimate R3 billion

  20. The new student-centred NSFAS model

  21. IT model - scope of the new systems

  22. Benefits • Centralised means test • Applications checked against government databases DOHA, DSD, SARS, PERSAL • Standardised process • Alignment with admissions and registrations procedures • Visibility of funded learners and returning students early in process • Centralised allowances distribution helps detect and prevent fraud • Improved governance • Student-centred model ensures funding reaches intended beneficiaries • Ability to develop partnerships to link financial aid to work experience, skills development and employment due to technology capabilities

  23. Questions and discussion

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