Analysis of Funding pandemic
Recent research by Mashale(2023) has shed light on the challenges faced by students due to the implementation of the Ezaga app by Nsfas. The Ezaga app was meant to make it easier for students to access study funds but has instead caused headaches for some who have lost significant amounts of money. For instance, a student from Soweto named Elise Manganye revealed that she lost R21 000 after it was deposited by the National Student Financial Aid Scheme into her Ezaga App account. The money was meant to cover her books, accommodation, and food, and the loss of funds caused her to struggle during her varsity experience. When she contacted Nsfas, she was told that they could not assist as they did not know how she lost the money. ActionSA at the University of the Free State also issued a statement rejecting the implementation of the Ezaga app, citing that Nsfas was already problematic on its own. The statement highlighted that the introduction of Ezaga to campuses had already proven to be problematic in its rollout and implementation, causing major mental health issues for students and affecting their academic lives.
Owing a university a large sum of money can have serious consequences for students, as it may hinder their ability to graduate. The University of Witwatersrand estimates that in 2022, around 120,000 individuals may not be able to graduate due to student debt. This staggering figure highlights the significant impact that financial obligations to educational institutions can have on students' academic progression and future prospects. The total amount owed by this group of students to universities is approximately 7 billion rand. This substantial debt burden not only creates financial strain for students, but it also puts their educational goals at risk. Without the necessary funds to settle their debts, students may be prevented from completing their studies and obtaining their degrees. This can have long-term consequences on their ability to secure employment and advance in their chosen careers
Summarizes in short the above information for a presentation in regard to the following points Analysis of the funding pandemic , overview of challenges face by students with the Ezaga app, impact on student's mental health and academic lives, statement from Action SA at the UFS