How many qualifications does nsfas fund

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How many qualifications does nsfas fund

How many qualifications does nsfas fund

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.

Financial Aid
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.
It provides for payment by NSFAS of the amount of the loan or bursary “to the designated higher education institution”, rather than to the applicant. It also allows NSFAS to enter into what is in effect an agency agreement with higher education institutions (HEIs) or further education and training (FET) colleges.

 

How many qualifications does NOT nsfas fund

  • Postgraduate Qualifications
  • Part-time Studies
  • Private Institution Courses
  • A Second Undergraduate Qualification
  • Short Courses

An NSFAS bursary will pay for your tuition fees but will also cover other things such as your registration, accommodation, transport, meals and other living costs.

These are the requirements to be funded by NSFAS:

Universities

  • Must be a South African citizen
  • Must be applying or accepted at a University
  • SASSA grant recipients immediately qualify
  • Must have a household income below R350 000 per year
  • If you’re a person living with a disability, your household income must come to R600 000 or less.

TVET Colleges

  • Must be a South African citizen
  • Must be registered or intending to register on a PLP, NCV or Report 191 programme at TVET College
  • Must have a household income below R350 000 per year
  • If you’re a person living with a disability, your household income must come to R600 000 or less
  • Returning students must demonstrate proven and accepted academic performance in line with the College’s progression policy or the progression prescriptions of the Bursary Rules and Guidelines
  • Must not be enrolling for a qualification that duplicates previous learning that was state-funded.

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.

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