Nsfas for private colleges

Nsfas for private colleges

Nsfas for private colleges : I have written to NSFAS asking if students, studying at private institutions, can access NSFAS loans and bursaries and I received the following answer:

“Unfortunately, in terms of our mandate from Government, The National Student Financial Aid Scheme (NSFAS) is not permitted to provide financial aid for students studying at private institutions.  It would appear that your institution is of a private nature, and as such we will not be able to assist.

Commercial banks and Eduloan may be able to assist your students.”

I am really dismayed that so many young people who want to study through private institutions,  which are accessible to them, cannot benefit from the NSFAS loan or bursary scheme.  I am talking about students studying at private institutions for full qualifications and I talking about private institutions that are accredited by Umalusi, SETAs, CHE and, in future, by QCTO. Surely, sufficient policy and procedures can be put into place to allow the administration thereof?

The Government is interested to see more young people sufficiently trained to be able to obtain a decent job.  In my experience of public and private institutions the throughput rate of the private institutions is higher.  Perhaps it is time to reconsider?