The National Student Financial Aid Scheme (NSFAS) confirmed in a circular this week that monies will be paid to universities on 8 April 2022.
This will be the first payment that the University of the Free State (UFS) receives from NSFAS this year, as per the media statement by the Minister of Higher Education, Science and Innovation, Dr Blade Nzimande.
So far this year, the UFS management has made several concessions to students to alleviate their financial pressure while waiting for their NSFAS subsidies to be released.
This week, the university management – through active engagements and input from the Institutional Student Representative Council (ISRC) – agreed on the following process for book and meal allowances to be transferred to students’ bank accounts at the earliest possible opportunity:
- As in the past, the services of Fundi will be used to pay the allowances to students.
- Fundi will inform the recipients of monies received for them.
- After the banking details of students have been validated, monies are transferred to a student’s bank account. Fundi will inform students whose banking details are incorrect to rectify it on the Fundi website.
- Students who have not received payments before, will be requested to upload their banking details on the Fundi website, after which payment will be made.
It is anticipated that students whose bank accounts are with Standard Bank will receive notice of the payment of their allowance as soon as Friday, 8 April 2022.
Students banking with other banks will receive their payments subject to the inter-banking money transfer policies of the different banks, but not later than two business days after payment.
What students must do:
- Ensure that you upload the correct banking details.
- Upload your OWN banking details, not the banking details of friends or family.
- Ensure that your cellphone number is correct and active on PeopleSoft.
- Respond as quickly as possible to SMSes received from Fundi.
The university management would like to thank the majority of students for their patience during this difficult time while waiting for the NSFAS subsidies to be released.
Released by:Lacea Loader (Director: Communication and Marketing)
Telephone: +27 51 401 2584 | +27 83 645 2454
Email:
news@ufs.ac.za |
loaderl@ufs.ac.za