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, school officials said.
The oversight occurred at Walter Sisulu 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 stipend 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. (Read more from “Student Accidentally Receives $1 Million in Financial Aide” HERE)