Date Posted

SA Student Financial Aid Scheme receives $106 million recovered from fraudulent benefitiaries

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The Special Investigating Unit in South Africa (SA) has returned $106 million to the National Student Financial Aid Scheme (NSFAS)
The amount is part of the $125 million the SIU has so far received from universities, Technical and Vocational Education and Training (TVET) Colleges and unqualified former students. An amount of $7.5 million was recovered from parents of unqualified beneficiaries. NSFAS has urged parents whose children have received funding but do not qualify, to contact the SIU to make arrangements as investigations continue.
The University of Pretoria and the University of the Witwatersrand received the lion’s share of unallocated funds.  The retention of funds by institutions of higher learning for more than one-year has been blamed on inadequate control systems by NSFAS.
–SABC–