Importance Of The NSFAS/DHET Acknowledgment Of Debt (AOD)
Historic debt at South African universities has mounted to billions of Rands. Stakeholders from various environments across the country, together with universities are working together to try and resolve this matter, as it has been a huge challenge over the years.
A 2019 directive from DHET and NSFAS was that qualifying students with previous year(s) outstanding debt will be allowed to register without paying any upfront amounts. This applied to students who complied with the 2019 academic progression criteria for funding.
Furthermore, the directive specified that these students will be required to complete and sign an Acknowledgment of Debt (AoD) form. This practice is still in place. Our University applies similar directives received from the Minister, DHET and NSFAS, regarding the registration of returning students who are funded by NSFAS.
Please take note the following:
• The NSFAS/DHET AoD allows the university to claim funds owed, through the NSFAS historic debt process – in order to settle the debt accumulated during the study period. • The AoD is also required for audit purposes before a claim is submitted to NSFAS, for processing and payment.