• Motorburn
      Because cars are gadgets
    • Gearburn
      Incisive reviews for the gadget obsessed
    • Ventureburn
      Startup news for emerging markets
    • Jobsburn
      Digital industry jobs for the anti 9 to 5!

NSFAS sent a student R14m, she loses it by going viral

Update: The university told EWN yesterday that she had the money for five months, while the student and chief executive of IntelliMali told The Star she acquired the funds in June.

Original article: It’s a common meme among students that they’re looking to get hit by a car so they can sue, pay off their loans, and get a good amount of time away from school. But one lucky student in the Eastern Cape didn’t even need the pain to get that pleasure.

The Walter Sisulu University in the Eastern Cape has confirmed it accidentally sent a student R14-million straight to her debit account — and only noticed when she started posting her receipts online.

The student, who should have been receiving some kind of bursary allowance from the National Student Financial Aid Scheme (NSFAS), received the money five months ago and has been living it up ever since. It is believed she spent over R500 000.

It seems she may have kept it up, too, were it not for her need to boast on social media — where it seems most are judging her.

“NSFAS” was trending on Twitter Wednesday morning, with many decrying its carelessness and the fact that R14-million could have paid many a tuition.

NSFAS has been an important part of the conversation of free education over the past two years as students have protested across the country — and this debacle hints at an air of indifference on the scheme’s part at best, and at worst points to a bigger problem of corruption.

NSFAS, whose financial aid functions as a loan, says that the student will have to “repay every cent of the money spent even if it takes 20 years to do so” — but one user has offered up advice.

Unfortunately for the student (or not, depending on where you stand), many have criticised her spending — but some don’t buy the righteousness.

What would you do if R14-million mysteriously found its way into your bank account?

Author | Julia Breakey

Julia Breakey
Julia is a UCT film graduate with a passion for dogs, media, and dog-centric media. If she's not gushing about the new television show that you need to watch, she's rewatching The Good Place (which you need to watch). More
  • Stupidbitch

    Julia breakey , you are part of the fuckin problem of fake news. She didnt receive the money 5 months ago…if hou read the fucking slip it was 2 months ago. Do your job properly man. You are misleading your readers.

  • Hadlee Simons

    Do you understand that the receipt wasn’t from the day she actually received the money?
    Also, how much of a troglodyte do you have to be to claim it’s fake news when the actual facts are true and YOU didn’t do your research?

  • Tinashe J Zengeni

    Guys let’s not play innocent here,even the guy who made that mistake”‘, He would not even report it if the same had happen to him,This is money guys #we ar all looking for money. NSFAS should account for their mistake so that they must be carefull in future

  • Bonga Dludla

    While some “look” for it, there are those that work for it. I personally wouldn’t be comfortable spending such a huge amount of money that doesn’t belong to me. The thought of having to pay it back. Tjoh!

  • Pingback: The Weekly Roundup #119: iPhone 8 rumours, R14m NSFAS bonanza & more - Memeburn()

More in News, Trends & Hashtags, Twitter

Man documents 'haunted' apartment via viral Twitter threads

Read More »