power in 1994, has ensured that students coming from poor families with annual gross income of R122 000 are provided with financial aid through loans and bursaries in order to access both university and technical and vocational education and training, TVET. Funding allocation to support student financial aid increased from R21 million in 1991 during the time of Tertiary Education Fund of South Africa, Tefsa to R23,7 billion in 2018-19.