Nsfas for private colleges

By |

Nsfas for private colleges

Nsfas for private colleges

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.

The National Student Financial Aid Scheme (NSFAS) is a government-funded bursary that receives money from the Department of Higher Education which provides funding for students for further education. The bursary covers tuition, registration fees and additional monthly allowances. 

However, NSFAS does not fund private college’s and institutions. NSFAS only provides funding for South African students who will study at public universities or Technical and Vocational Education and Training (TVET) institutions. 

If you are planning on studying at a public college or TVET college, these are the requirements:

  • You’re a South African citizen
  • If you’re a SASSA grant recipient, you qualify for funding
  • You have a combined household income of not more than R350 000 per year
  • A person with a disability: Combined household income must not be more than R600 000 per year.

What does the bursary cover?

  • Accommodation in an urban area is R24,000 per annum
  • Accommodation in a peri-urban area is R18,900 per annum
  • Accommodation in a rural area is R15,750 per annum
  • Transport (up to 40 km from the institution) R7,350  per annum
  • Transport R7000 per annum
  • Incidental/personal care allowance R2900 per annum

NSFAS Allowance Amount

NSFS ALLOWANCE CATEGORY ANNUAL AMOUNT SELF-CATERED/CATERED RES
Study Materials (Once Off) R5,200 R5,200
Accommodation (Max) R5,617 (Private)
Living Allowance R15,000 R1,500
Incidental Allowance R2,900 R290
Travel R7,500 R750 (Home)

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.

RELATED

nsfas online application form
nsfas upload documents
nsfas documents upload
nsfas register


Leave a Reply

Your email address will not be published.