Students affiliated with the political movement Forum 4 Service Delivery (F4SD) will on Thursday morning (19/10) protest at a Bloemfontein-based technical and vocational education and training college over the unused R38 million.

OFM News previously reported that the SIU signed an acknowledgement of debt agreement with the Motheo TVET College in the Free State, relating to the SIU's NSFAS investigation. Motheo TVET College agreed to a monthly instalment of over R800 0000 over 60 months. However, over the past weekend, F4SD student movement leader Nhongo Solo announced that students would hold a protest at Motheo College in Bloemfontein.

Solo said the protest will be held on Thursday (19/10) at 10:00. SIU's spokesperson, Kaizer Kganyago, previously said the college agreed to reimburse the National Student Financial Aid Scheme (NSFAS) with approximately R38,686,477.10, which is unallocated funds from 2017 to 2022.

The money remained in the institution's control for a year before it was scheduled to be returned to NSFAS.

“The SIU encourages other institutions of higher learning to come forward and pay back unallocated funds due to NSFAS. The SIU has so far recovered over R421.3 million from institutions of higher learning,” Kganyago said

The SIU's preliminary investigation has revealed that more than R5 billion of NSFAS money was possibly allocated to students who did not qualify to be funded.

OFM News