How nsfas assist students

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How nsfas assist students

How nsfas assist students

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.

Are Nsfas applications open for 2022

NSFAS Application for 2022 will be opening on 1st September and close on 30th November 2021.

No Late Application.

How nsfas assist students

After you apply and are approved, NSFAS then waits for registration data from your University or TVET College. They will then pay your registration fee and your tuition fees for the year.

To qualify for NSFAS university funding, students will have to meet the following criteria:

  • Must be a South African citizen.
  • Academically deserving and can demonstrate the ability to succeed in your studies.
  • Applied or are applying to study at a public university for a qualification.
  • You need to have passed Grade 12 to receive NSFAS funding to study at a university.
  • Applicants whose combined household income is not more than R350 000 per annum
  • A person with a disability with a combined household income of no more than R600 000 per annum.
  • Students who started studying before 2018 whose household income is not more than R122 000 per annum.

Those who applied for NSFAS TVET College funding have to meet the following criteria:

  • Must be a South African citizen.
  • Must be registered or intending to register on a PLP, NC(V) or Report 191 programme at any of the fifty (50) public TVET Colleges in South Africa.
  • Must require financial assistance.
  • You need to pass Grade 9, 10, 11, or 12.
  • Should you be a returning student, you 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 (whichever is higher).
  • Must not be enrolling for a qualification that duplicates previous learning that was state-funded.
  • Household income is less than R350,000 per year.

If you meet these requirements, then you will be eligible for NSFAS TVET College funding which covers tuition fees, accommodation fees, and transport allowances.

HOW TO APPLY

  1. Go to www.nsfas.org.za.
  2. Click on the “myNSFAS” tab.
  3. Click on “Register”
  4. Tick the box to allow NSFAS to verify your details.
  5. Then enter your ID number on the field as it is stated on your ID document.
  6. Type in your full names and surname as per your ID number.
  7. Type in your current email address.
  8. Create a password
  9. Click on apply Tab

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