Student in South Africa accidentally given $1M in financial aid

Student in South Africa accidentally given $1M in financial aid

By Semi Turaga
02/09/2017

A university student in South Africa who discovered an erroneous deposit of $1 million in her financial aid account spent more than $60,000 of the fortune before authorities realized the mistake.

The oversight occurred at A University in Eastern Cape province when a massive over allocation of funds was accidentally loaded onto the student's financial aid debit card.

The money, which was supposed to be a $100 for food and books, was immediately available to the student, according to Intellimali, the company responsible for issuing the student cards.

Four extra zeroes were added to the direct deposit.

University officials were alerted to the mistake by another student who noticed the young woman's newly found spending habits.

The student's account has since been blocked and the remaining balance has been retracted.

Source: CNN

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