{"id":38671,"date":"2022-10-15T16:53:40","date_gmt":"2022-10-15T16:53:40","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/students-who-cant-get-nsfas-funding-could-be-eligible-for-loans-nzimande"},"modified":"2022-10-15T17:05:25","modified_gmt":"2022-10-15T17:05:25","slug":"students-who-cant-get-nsfas-funding-could-be-eligible-for-loans-nzimande","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/students-who-cant-get-nsfas-funding-could-be-eligible-for-loans-nzimande","title":{"rendered":"Students who can’t get NSFAS funding could be eligible for loans – Nzimande"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Students at higher learning institutions who don’t qualify for National Student Financial Aid Scheme (NSFAS) assistance could be eligible for loans.<\/p>\n

This was one of the recommendations of a Ministerial Task Team (MTT) that met with Higher Education, Science and Innovation Minister Blade Nzimande to discuss diversifying funding for students from different backgrounds.<\/p>\n

Nzimande said on Friday that after reviewing existing funding models for the “missing middle,” the MTT agreed to develop a 10-year plan that would be sustainable and affordable.<\/p>\n

“A comprehensive model should incorporate loan funding options for students in the missing middle. Apart from the existing scholarships and bursaries available to these students, a fully comprehensive model must include a loan component,” Nzimande said.<\/p>\n

He added that the plan should detail transitional arrangements to ensure the success of the new model.<\/p>\n

Students from poor and working-class backgrounds will receive funding until it is fully fledged.<\/p>\n

The MTT also agreed that the model should be phased in and that it should allow for the establishment of an independent entity that would be responsible for loan management.<\/p>\n

“The proposed ideal model is a wholesale lending scheme, which draws on a range of funding sources and requires establishing an independent entity to manage the loans,” he said.<\/p>\n

He added:<\/p>\n

Students in the “missing middle” category who require funding for the 2023 academic year, could get commercial bank loans, he said, adding that “the government should explore the possibility of a government guarantee”.<\/p>\n

“This would allow for the funding of missing middle students in particular, ideally from 2023 onwards, and also test the take-up of such loans while other loan models are explored,” he said.<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Students at higher learning institutions who don’t qualify for National Student Financial Aid Scheme (NSFAS) assistance could be eligible for loans. This was one of the recommendations of a Ministerial Task Team (MTT) that met with Higher Education, Science and Innovation Minister Blade Nzimande to discuss diversifying funding for students from different […]<\/p>\n","protected":false},"author":84,"featured_media":38670,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,2727,228,3380,275],"class_list":["post-38671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-blade-nzimande-2","tag-education","tag-nsfas","tag-south-africa-2"],"yoast_head":"\nStudents who can't get NSFAS funding could be eligible for loans - Nzimande - South Africa<\/title>\n<meta name=\"description\" content=\"Students at higher learning institutions who don't qualify for National Student Financial Aid Scheme (NSFAS) assistance ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/students-who-cant-get-nsfas-funding-could-be-eligible-for-loans-nzimande\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Students who can't get NSFAS funding could be eligible for loans - 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