Parliament - The national bursary scheme for students from families earning up to R350 000 a year will see R102.4 billion disbursed over the next three years, Higher Education, Science and Technology Minister Blade Nzimande said on Friday.
Nzimande said the new bursary scheme, which was introduced last year, would by 2022, cover about half of all students at public universities as it was made available to new entrants every year.
"It will be phased in at universities over five years, with the new first-time cohort added each year. By 2022, the scheme will cover all cohorts of students across the university system. The scheme will support approximately 50 percent of the undergraduate student population at public universities," he said in the budget vote speech for his department.
"The substantial investment in poor and working-class students over the 2019 MTEF (medium term expenditure framework), amounts to R82 billion for university students and R20.4 billion for TVET college students."
The scheme is administered through the troubled National Student Financial Aid Scheme (NSFAS), which was placed under administration in August.