Durban colleges with nsfas
Durban colleges with nsfas
NSFAS was established according to the National Student Financial Aid Scheme Act (Act 56 of 1999) and incorporated TEFSA (Tertiary Education Fund of South Africa). From 1993 to 2000, TEFSA was the primary non-profit company in terms of Section 21 of the Companies Act and ceased to operate in July 2000. All existing loans on the TEFSA books were transferred to NSFAS.
The NSFAS Act enables any student to apply for a bursary from NSFAS but allows the board to impose conditions, generally, or in respect of a particular loan or bursary. Such conditions include the use of the means test and the loan conversion of up to 40 per cent of any loan as an incentive for academic success.
Which colleges offer nsfas in Durban
- Coastal KZN TVET College.
- Elangeni TVET College.
- Esayidi TVET College.
- Majuba TVET College.
- Mnambithi TVET College.
- Mthashana TVET College.
- Thekwini TVET College.
- Umfolozi TVET College.
what’s covered by an NSFAS loan:
- Tuition fees: NSFAS will cover the cost of your course at a university or technical and vocational education and training institution, as long as you meet your academic requirements and pass the modules set out within your coursework.
- Accommodation: NSFAS will cover the standard cost charge by a university residence & will not cover private accommodation alternatives if they exceed the cost of staying in a university residence.
- Transport: Travelling to university can be a huge challenge, and the NSFAS provides funding to support travelling up to 40km from a university. This amount is typically R10 000 a year.
- Students are also allocated a living allowance amounting to R14 400 per annum and a book allowance of R5 000 per annum.
For TVET institutions:
Technical and vocational training institutions are slightly different and incur different allowances for students.
- Accommodation: In an urban area this amount totals R24 000 a year, in a peri-urban area (locations based between the city centre and the outskirts of a central town) the budget is R18 000 per annum and lastly an allowance of R15 000 is allocated for students living in a rural area.
- Transport is covered, again up to 40km from an institution and the budget amounts to R10 000 per annum.
- In addition, there is a personal care allowance which amounts to the same budget set out for universities, at R2 750 per annum.
- There is also a personal care budget which amounts to R2 850 p/a for “students in catered residences”.
How to Apply for NSFAS Online 2023
If you would like to apply for NSFAS 2023, follow the steps outlined below:
- You have to visit the NSFAS website: www.nsfas.org.za online
- Then, you have to click on the “myNSFAS” tab
- After that, you create your myNSFAS account
- After creating myNSFAS account, you then have to click on the “Apply” tab
- Answer the following questions you see on your screen
- Update all your personal information
- Upload all the required supporting documents
- Lastly, Click on “Submit” to send your application for review.