Information reaching Kossyderrickent has it that Report that The DA wants NSFAS to be transformed into a loan from traditional banks is FAKE NEWS.
According to information, no accurate tabloid has confirmed it.
The DA proposes the implementation of a tiered system for loans and grants with a primary focus on providing substantial financial support to students from low-income households.
Under the DA’s funding model, students will have access to a variety of government loans, which qualifying students will repay at a later stage.
Loans will also be combined to include scholarships as an option. These will be awarded to outstanding students and are non-repayable. Converting loans into bursaries will be considered based on the academic performance of the student.
The DA plans to collaborate with the private sector to enhance access to student funding from bank loans and sponsored scholarships.