NSFAS Crisis and the Future of Student Funding | Johannesburg News

NSFAS is on the brink, with a looming R33 billion shortfall by 2029—minister Buti Manamela calls the current model broken, not just mismanaged. Already facing a R15 billion gap, collapse could cripple universities, stall tuition payments, and hurt student housing providers. The government’s pushing for an income-contingent loan system, modeled after Australia but adapted for South Africa, to ensure students can study without upfront costs—and only repay once they earn above a threshold. Stabilization hinges on the right leadership and hitting key milestones by 2027, including open applications and finalized funding rules. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ac830441aff1ee0e