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NSFAS has already begun the process for the migration of the students allowance payment system starting with the TVET cohort and university students will continue to receive their allowances through their universities.
A new student allowance payment mechanism for universities and colleges will be fully developed by September 2024
The NSFAS administrator reveals filing of court papers to terminate the contracts with direct payment service providers, following irregular appointment processes.
The National Student Financial Aid Scheme (NSFAS) urges TVET college students to submit their banking details to receive their allowances.
NSFAS says that the SIU is helping to terminate the contracts of the four fintech partners hired last year for the direct payment system.