NSFAS Moves Head Office, Offers Free Space for Regional Offices
Johannesburg News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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The National Student Financial Aid Scheme (NSFAS) is relocating its headquarters to Gauteng by early 2027, aiming to improve services for students across South Africa. This move includes establishing regional offices nationwide, including one in the Western Cape, to save taxpayers R2.5 million monthly by terminating a costly Cape Town lease. Legal action is ongoing to cancel the lease due to irregularities. The acting CEO reported that the board and employees support the relocation, with unions involved in staff relocation discussions. The total decentralization cost is R103 million. Fifty-six higher education institutions have offered free office space for the new regional setup, with service agreements being drafted for a smooth transition before next years student registrations. NSFAS has already disbursed R7.8 billion this year for tuition, allowances, and housing at universities and technical colleges. Out of hundreds of thousands of applications, nearly 700,000 were approved, while around 148,000 were rejected. Over 100,000 appeals are in process, mostly from continuing students who failed to meet academic requirements. The restructuring aims to enhance the efficiency of financial aid for students nationwide.
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