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.
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 closing date for applications and supporting documents for new applicants for financial aid second-trimester registrations are 31 march and for third-trimester registrations are 31 July. Please send your application form and all supporting documents to NSFAS in any one of the following ways;
The steps to re-register are:
1. Go to www.nsfas.org.za
2. Click the myNSFAS tab
3. Click the register
4. Tick the box to allow NSFAS to verify your details
5. Then capture the ID number as it is stated on your ID document
6. Type in your full names and surname as per your ID document
7. Type in your current email address
8. Confirm your email address
9. Type in your cell phone number
10. Create a password
11. Confirm password
12. Upload ID copy
13. Click the register
14. OTP will be sent to the email and cell number provided (this OTP expires after 24 hours)
15. Type in the OTP and click submit
16. You have now completed your re-registration
STUDENT ELIGIBILITY CRITERIA FOR THE TVET COLLEGE BURSARY SCHEME
- All South African citizens
- All SASSA grant recipients qualify for funding
- Applicants whose combined household income is not more than R350 000 per annum
- A person with a disability: Combined household income must not be more than R600 000 per annum
- Students who started studying before 2018 whose household income is not more than R122 000 per annum.