Plan to save the state-run scheme that pays students R55 billion a year

• The plan aims to save the state-run National Student Financial Aid Scheme by implementing a new governance structure and addressing key risks.
• The plan was submitted in response to the Scheme's recent issues, including a disclaimed audit opinion and 66 major audit findings, which highlighted problems such as deceased funding and duplicate grant payouts.
• The implementation of the plan is expected to restore stability to the Scheme, but its success will depend on the ability of NSFAS management and staff to lead the organization effectively after the current administration's tenure ends.