NSFAS urges students to open bank accounts for efficient disbursement

VAAL TRIANGLE - The National Student Financial Aid Scheme, better known as NSFAS, has urged qualifying students to open bank accounts to ensure more efficient disbursement of funds from institutions. NSFAS Administrator, Dr. Randall Carolissen, said the scheme is working on a banking model that will eliminate all intermediaries in the disbursement value chain. The model will also facilitate direct deposits from NSFAS into student bank accounts. Following the announcement of the countrywide lockdown by President Cyril Ramaphosa, in response to the COVID-19 pandemic, NSFAS activated a business continuity plan. The plan aims to facilitate uninterrupted funding to students, the resolution of student application queries, processing of appeals, and general assistance to institutions with NSFAS administration.

PHOTO: (Supplied)