How many months does nsfas pay

By |

How many months does nsfas pay

How many months does nsfas pay

www.nsfas.org.za

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.

How many months does nsfas pay

10 months
NSFAS allowances will be paid during the first week of each month over a period of 10 months.

The National Student Financial Aid Scheme (NSFAS) is a government student bursary scheme that receives its funding budget from and reports to the Department of Higher Education and Training.

NSFAS provides financial assistance in the form of bursaries to eligible students at public universities and Technical and Vocational Education and Training (TVET) Colleges in South Africa.

NSFAS will cover more than just the tuition fees of students. The bursary covers you with the following if you qualify:

  • Tuition fees
  • Accommodation
  • Transport
  • Living allowances
  • Book allowances
  • Incidental/personal care allowance for students in catered residences

These allowances are paid to students during the first week of each month over a period of 10 months.

NSFAS will fund students for the entire duration of their course or degree. Most degrees take about 3 to 4 years, whereas medical degrees for example take up to 7 years.

How to Apply for NSFAS Online 2022

If you would like to apply for NSFAS 2022, follow the steps outlined below:

  1. You have to visit the NSFAS website: www.nsfas.org.za online
  2. Then, you have to click on the “myNSFAS” tab
  3. After that, you create your myNSFAS account
  4. After creating myNSFAS account, you then have to click on the “Apply” tab
  5. Answer the following questions you see on your screen
  6. Update all your personal information
  7. Upload all the required supporting documents
  8. Lastly, Click on “Submit” to send your application for review.

OTHER RELATED

nsfas contact number
nsfas my account
nsfas nba
nsfas updates
nsfas registration

Leave a Reply

Your email address will not be published.