PSA urges NSFAS to implement stricter measures to curb students using allowance to gamble

In a statement, the association noted that the practice is a danger to students and could lead to a debt crisis among tertiary students. The Public Servants Association is urging the National Student Financial Aid Scheme to implement stricter financial controls to curb the growing rate of students who use their allowances to gamble. In a statement, the association noted that the practice is a danger to students and could lead to a debt crisis among tertiary students. PSA has also highlighted that this behaviour undermines the purpose of the scheme and threatens the academic career of students."The matter is exacerbated by the report by the Special Investigating Unit that over R2 billion in overpayments were made to higher education institutions and that approximately 40,000 students received incorrect payments between 2018 and 2021. There is clearly a systemic failure in financial oversight and accountability at the NSFAS.""There is a need to collaborate with regulatory bodies to restrict access to online gambling platforms using NSFAS disbursements. Psychosocial support must be provided to students struggling with gambling addiction and debt." Ewn News News Eyewitness News Eye Witness News Latest News News Today Ewn South Africa Ewn-News Primedia+ Primedia Plus Prime Media Plus South Africa Latest News, South Africa Headlines Similar News:You can also read news stories similar to this one that we have collected from other news sources. Cape Town Surgeon Urges Women to Overcome Stigma and Prioritize Breast HealthDr. Fatima Hoosain advocates for early detection and challenges cultural taboos surrounding breast cancer during Breast Cancer Awareness Month, emphasizing the importance of self-examination and seeking timely medical help. Read more " Ouaddou urges beaten Bucs to regroupCoach says team has to focus on upcoming competitions Read more " Ouaddou Urges Pirates to Bounce Back After CAF Champions League ExitOrlando Pirates coach Abdeslam Ouaddou calls on his team to quickly recover from their CAF Champions League exit and focus on their upcoming Carling Knockout Cup quarterfinal against Magesi FC. The Buccaneers were defeated by Saint-Éloi Lupopo in a penalty shootout after a spirited comeback in the second leg. Read more " VW's Olaf Lies urges quick diplomatic solution to Nexperia disputeClash between China and the Netherlands over the Dutch chipmaker threatens production in automotive sector Read more " Former Robben Island prisoner urges SA to study China's growth modelLassy Chiwayo says South Africa ignored valuable lessons from China's rapid transformation into a global economic powerhouse. Read more " Erratic payments from NSFAS blamed for growing online gambling problem amongst studentsHigher education committee chairperson, Tebogo Letsie, said that many students were forced to make alternative plans when their allowances didn't get paid on time, often borrowing money and attempting to make more by gambling. Read more "