Life orientation task..My question is-What are any four kinds of fraud that students who receive and repay nsfas shoul guard against?? I have one answer that-Students should not tell False information like saying they do not have a family,maybe live @ foster homes so that they receive a bursary
http://www.finaid.org/educators/fraud.phtml
Also see the Related Questions below.
Not to tell false information
To identify four kinds of fraud that students who receive and repay NSFAS (National Student Financial Aid Scheme) should guard against, we can follow these steps:
Step 1: Understand the purpose of NSFAS.
NSFAS is a financial aid program in South Africa that provides funding to eligible students to cover their tertiary education costs.
Step 2: Consider potential fraudulent actions.
Given the context of students receiving and repaying NSFAS, here are four examples of fraud that students should be cautious about:
1. Identity fraud:
Students should guard against sharing their personal identification details, such as ID numbers or passwords, with unauthorized individuals. Others could use this information to apply for financial aid in the student's name, leading to the misuse of funds.
2. False academic records:
Students should refrain from submitting fraudulent academic records, such as fake transcripts or qualifications, in order to secure or maintain NSFAS funding. Inflating grades or presenting false educational achievements is considered fraud and can lead to serious consequences.
3. Misuse of funds:
Students must use the financial aid received from NSFAS strictly for educational purposes, as specified by the program's rules and guidelines. Using the funds for personal expenses unrelated to education, or diverting them for other purposes, would be considered fraudulent.
4. False financial information:
Students should provide accurate and honest financial information when applying for NSFAS funding, particularly income details. Misrepresenting or concealing financial circumstances, such as underreporting income or failing to disclose additional financial support, can be considered fraudulent.
It is important for students to be aware of these types of fraud and to adhere to the guidelines and regulations set by NSFAS. These safeguards ensure that financial aid is rightly granted to deserving students and helps maintain the integrity of the program.