Finances

WSU Student Scores Big As NSFAS Accidentally Credits Her With R14 Million

WSU Student Scores Big As NSFAS Accidentally Credits Her With R14 Million. Lady luck was on a Walter Sisulu University student who accidentally received  R14m pay-out from the National Student Financial Aid Scheme. According to reports, the students has already spent about half a million of it.

Instead of receiving the 1,400 food allowance, she received a whooping 14 million. The University spokesperson Yonela Tukwayo, said that the student is liable for every cent. The University wants the student to pay back every cent she spent.

The company which facilitates the student payments, was not able to detect the blunder immediately after it was made earlier this year. The over paymenT, however has  no effect on the payment of loans to other students, but it still needs to determine how it will affect future payments.

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