R5 billion Nsfas funds went to students who didn’t qualify
Auditor general found 822 deceased students received Nsfas funds and 14 000 exceeded income thresholds separate from SIU 40 000 case.822 deceased students Rudie Heyneke, investigations manager at the Organisation Undoing Tax Abuse, said students who did not qualify for Nsfas funds due to their combined household income exceeding the R350 000 annual threshold will be required to repay the funds they received improperly.
The auditor-general (AG) said its annual regulatory Nsfas audit for the 2024-25 financial year found that 14 000 students might not have met the prescribed financial eligibility criteria that year.
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