student financial aid allocations to universities and fet colleges 2014

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Student financial aid allocations to Universities and FET Colleges 2014 Presentation to the Portfolio Committee on Higher Education and Training 19 February 2014

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Student financial aid allocations to Universities and FET Colleges 2014 Presentation to the Portfolio Committee on Higher Education and Training 19 February 2014. Overview. 1 NSFAS mandate 2014 Allocations to Universities & FET Colleges Funding shortfall challenges - PowerPoint PPT Presentation

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Student financial aid allocations to Universities and FET Colleges 2014

Presentation to the Portfolio Committee on Higher Education and Training

19 February 2014

Overview

1 NSFAS mandate

2 2014 Allocations to Universities & FET Colleges

3 Funding shortfall challenges

• Funding shortfall 2014

• Student Debt

• Claims in excess of allocations 2013

• Unfunded programmes e.g. Bachelor of Technology

• Advance payments and registration fees

2

NSFAS mandate

The mandate of NSFAS is to disburse funds to students at the 25 public universities and 50 (FET) colleges

Applicants must meet the NSFAS eligibility criteria of financial need and academic ability to succeed

Funding has increased significantly over the past 5 years:• R3,2 billion for 191 080 students in 2009 • R8,5 billion for about 400 000 students in 2013• over R9,7 billion in 2014 for about 450 000 students

• Despite these substantial increases, funding still falls far short of demand from eligible students • Disbursement to students is by universities and colleges, each with its own systems and procedures – 73 different systems

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University Allocations 2014 R7 605 847 987 for 235 000 students

University 2014 Allocation

CAPE PENINSULA University of Technology 337 155 544

CAPE TOWN, University of 147 222 799

Central Johannesburg College 49 637 221

CENTRAL University of Technology 196 197 113

DURBAN University of Technology 349 345 806

FORT HARE, University of 397 325 143

FREE STATE, University of 222 241 383

JOHANNESBURG, University of 517 196 087

KWAZULU NATAL, University of 477 123 323

LIMPOPO University of 480 485 951

MANGOSUTHU University of Technology 259 172 435

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University Allocations 2014

Universities 2014 Allocation

NELSON MANDELA Metropolitan University 257 408 792

NORTH-WEST University 340 547 391

PRETORIA, University of 303 540 390

RHODES University 47 314 061

SOUTH AFRICA, University of 278 636 471

STELLENBOSCH University 134 069 756

TSHWANE University of Technology 874 342 851

VAAL University of Technology 276 305 266

VENDA, University of 381 180 450

WALTER SISULU University 437 712 703

WESTERN CAPE, University of the 237 520 853

WITWATERSRAND, University of the 270 895 353

ZULULAND, University of 333 270 845

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FET College Allocations 2014 R2 107 743 900 for 210 000 students

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FET Colleges 2014 Allocation

Boland FET College 32 769 517

Buffalo City FETCollege 30 120 944

Capricorn FET College 68 225 934

Central Johannesburg FET College 49 637 221

Coastal KZN FET College 73 844 013

College of Cape Town FET College 43 273 149

East Cape Midlands FET 33 878 700

Ehlanzeni FET College 35 497 676

Ekurhuleni East FET College 49 534 964

Ekurhuleni West FET College 68 915 242

Elangeni FETCollege 54 038 595

Esayidi FET College 51 750 455

False Bay FET College 29 807 287

Flavius Mareka FET College 19 519 830

Gert Sibande FET College 53 712 866

Goldfields FET College 23 383 081

FET College Allocations 2014

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FET Colleges 2014 Allocation

Sedibeng FET College 48 945 606

Sekhukhune FET College 27 244 493

South Cape FETCollege 25 645 528

South West Gauteng FETCollege 77 020 963

Taletso FET College 32 543 085

Thekwini FET College 34 819 646

Tshwane North FET College 70 204 500

Tshwane South FETCollege 58 241 018

Umfolozi College FET College 58 331 407

Umgungundlovu FET College 29 491 085

Vhembe FET College 82 559 565

Vuselela FET College 35 308 568

Waterberg FET College 26 541 222

West Coast FET College 35 770 287

Western College FET College 46 174 853

FET College Allocations 2014

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FET Colleges 2014 Allocation

Ikhala Public FET College 21 148 498

Ingwe Public FET College 33 489 144

King Hintsa FET College 19 737 508

King Sabata Dalindyebo FET College 34 804 708

Lephalale FET College 14 075 941

Letaba FET College 27 817 966

Lovedale Public FET College 18 516 773

Majuba FET College 83 499 849

Maluti FET College 37 732 370

Mnambithi FET College 34 044 582

Mopani South East FET College 34 550 320

Motheo FET College 68 319 326

Mthashana FET College 27 497 182

Nkangala FET College 45 889 182

Northern Cape Rural FET College 20 843 096

Northern Cape Urban FET College 22 429 372

Northlink FET College 59 961 677

Orbit FET College 61 662 035

Port Elizabeth FET College 34 973 071

Pilot programme funding shortfall indicators In the pilot programme, challenges related to the provision of student financial aid become visible much earlier in the academic year, not at the end of the year or at the beginning of the following year.

These include the problems of:

– Student historic debt

– Prior year claims in excess of allocation

– Current year funding shortfall

– Unfunded programmes

The new student-centred model requires financial aid to be available at the time of admission

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Funding challenges Student historic debt

• R230 million provided from the R1billion allocated by the National Skills Fund to pay student debt

Claims in excess of allocations 2013• Universities - R370 million• FET Colleges R161 million

Funding shortfall 2014

• Estimated shortfall R2 billion for 50 000 students• Collecting data from institutions to quantify the funding shortfall for

registered, unfunded and underfunded students Unfunded programmes

• leave senior students unfunded, including student leaders

• Bachelor of Technology requires R500 million a year• Some universities use other funding for B Tech

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Advance payments 2014• NSFAS provides advance payments to universities and

colleges – Universities - up to 30% of their annual allocation

– Colleges – up to 10% of their annual allocation.

– These upfront payments are based on requests by institutions and are funded from loan recoveries.

– Upfront payments ensure, inter alia, that registration fees are not required from NSFAS students

• Some universities still demand that NSFAS students pay registration fees

• Universities advance payments 2014

Mangosuthu University of Technology R 43 750 000

University Western Cape R 44 506 321

University of Fort Hare R 45 286 886

Total R 133 543 207

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Advance payments to FET colleges 2014

FET College Total (R)Eastern Cape 22 721 153

Free State 14 825 257

Gauteng 46 793 309

KwaZulu-Natal 44 735 064

Limpopo 28 150 282

Mpumalanga 12 918 393

Northern Cape 4 321 658

North West 13 557 875

Western Cape 22 751 109

Total 210 774 100

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The doors of learning and culture shall be opened!Freedom Charter, 1955Green Paper for Post School Education and Training, 2012

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