WorldRecent
SIU flags R320m in dormant NSFAS Celbux accounts
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IOL News
Original Reporting
AI EXECUTIVE SUMMARY
The Special Investigating Unit has identified approximately R320 million resting within inactive Celbux accounts linked to the National Student Financial Aid Scheme. Concurrently, disagreements have emerged between authorities and certain tertiary institutions regarding the repayment of outstanding credit balances.
WHY IT MATTERS
This situation highlights a significant dispute over millions of rands in public student funding and whether institutions must return unspent balances to the national financial aid scheme.
The SIU says about R320 million remains in dormant Celbux accounts, while some higher education institutions dispute repaying credit balances to NSFAS.
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