A crowdfunding platform for donors to sponsor student fees has been established by Standard Bank and The Feenix Trust. The trust aims at retaining and managing student funds from donors. Fees are paid directly to the university and students are not required to pay back any of the monies. All degree types for accredited courses at any of the 26 public universities across SA will be accepted with donations intended to cover accommodation‚ tuition and textbooks.
Jayshree Naidoo‚ interim CEO of Feenix‚ said only 17% of students in SA who qualify for education funding will actually get it. This is a positive initiative in the address of student fees, a problem that has dominated headlines for many months. Anyone can make a donation towards the Trust with a minimum input of R100.