NSFAS administrator Freeman Nomvalo
The National Student Financial Aid Scheme (NSFAS) says the scheme has devised a payment mechanism to address the payment of allowances for TVET students, and payments are currently being made directly to the students’ bank account.
NSFAS Administrator, Freeman Nomvalo, made the call during a media briefing on progress relating to the disbursement of student allowances, student accommodation, and other related administrative reforms at the scheme, held in Pretoria on Monday.
NSFAS has also reiterated its call for students at Technical Vocational Education and Training (TVET) colleges to submit their banking details in order to receive their NSFAS allowances.
“We have requested all TVET students who do not have bank accounts to open the bank accounts with banks of their own choice to avoid delays in the payment of their allowances. I want to call upon all students who have already uploaded their personal banking details and have received a notification through the myNSFAS portal indicating that the verification of their banking details has failed to please re-submit their correct banking details on the portal,” Nomvalo said.
He said a total of 211 591 students’ bank accounts have been verified, while a total of 7 160 failed the verification checks, due to various reasons, including bank accounts that do not belong to students, like parents’ bank accounts.
Nomvalo said the direct payment mechanism will currently be applicable to TVET college students, and the university students will continue to receive their allowance as through their institutions as arranged.