Higher Education Minister Blade Nzimande has announced a new loan scheme for students who form part of the missing middle those whose annual household income is between R350 000 and R600 000.
Previously, students were only eligible for NSFAS funding if their annual household income was below R350 000.
However, at a briefing in Tshwane on Sunday, Nzimande said NSFAS intended to change this through a new funding model.
Government has committed the initial capitalisation fund, totalling R3.8 billion, to support the loan scheme in 2024. This amount comprises R1.5 billion from the National Skills Fund and Training Authorities [Setas
