News

NSFAS addresses false R630,000 payment claim circulating on social media

todayMarch 16, 2026 34

Background
share close

The National Student Financial Aid Scheme (NSFAS) has dismissed a viral social media claim alleging that a student received a payment of more than R630,000 from the scheme, describing the post as false and misleading.

NSFAS said it had investigated the circulating image which allegedly shows a payment of R630,434.44 to a student and confirmed that the claim does not reflect any legitimate transaction within its system.

“The National Student Financial Aid Scheme (NSFAS) has noted with concern a social media post alleging that a student received a payment of R630,434.44 from the Scheme. This claim is false and misleading,” the organisation said.

According to NSFAS, preliminary checks revealed that the image shared online had been manipulated and likely generated using artificial intelligence tools.

“Preliminary verification indicates that the image circulating online is manipulated and appears to be AI-generated and does not correspond with any legitimate NSFAS transaction. No such payment has been made by NSFAS.” 

The scheme added that the student responsible for the post appeared to have created the content to gain attention on social media platforms.

“The student in question created this content for social media purposes, likely to gain traction as part of content creation opportunities on platforms,” NSFAS said.

NSFAS further clarified that its funding model does not allow for large lump-sum payments to be made directly to students.

“Funding allocations are paid directly to universities, which then administer approved student allowances in accordance with established funding guidelines,” the scheme said.

The organisation also sought to reassure beneficiaries and institutions that its financial systems remain secure.

“We want to assure students, institutions, and the public that NSFAS systems remain secure and there has been no irregular payment or breach associated with this claim,” NSFAS said.

The scheme warned that it could pursue legal action against individuals who intentionally spread misinformation about its operations.

“The creation and circulation of false or misleading information that misrepresents NSFAS operations is taken seriously. NSFAS reserves the right to pursue appropriate legal action against individuals who deliberately create or distribute misinformation that harms the reputation and integrity of the Scheme.”

NSFAS urged the public to rely only on its official communication platforms for verified information.

IOL News

Get your news on the go. Download the latest IOL App for Android and IOS now.

Written by: IOL News

Rate it

Previous post

Sports

Ex-Sundowns coach Rulani Mokwena arrested in Algeria

South African coach Rulani Mokwena has been detained in Algeria, with the South African embassy in Algiers confirming it has been notified of his arrest and is providing him with consular assistance.The 39-year-old Mokwena was reportedly held after customs officials stopped him at Houari Boumediene Airport in Algiers amid allegations that he was attempting to leave the country with undeclared foreign currency, which would be a breach of Algeria’s strict […]

todayMarch 16, 2026 192


Magic 828

Magic 828 AM is a South African commercial radio station playing the best of hits from the 80s, 90s and 2000’s

Download Our App

Don’t miss a track or memorable tune. Download the Magic828 App now on your mobile phone by clicking here!

0%