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.
Nsfas application updates
By August 31, the National Student Financial Aid Scheme (NSFAS) had received more than 160 536 applications since the opening date, on August 03, 2022. During the first month, on average, NSFAS has been receiving more than 5000 applications a day, with the number going as high as 6000 during the last days of August. To date, over 188 733 applications have been submitted.
NSFAS anticipates a high volume of applications leading up to the closing date due to the recent economic suffocation due to Covid-19. Applications are opened for Grade 9 to12 learners and out of school youth who wish to further their studies at any public Technical and Vocational Education and Training (TVET) college or university across the country.
Prospective applicants are urged to apply on time before the closing date of November 30, 2022. Applications are submitted online via a smartphone, personal computer, or by utilising applications centres of NSFAS partners.
NSFAS continuously provides easy access, reachability, and free access to information by forging and retaining relationships with stakeholder partnerships. These partnerships provide customised links between an applicant and NSFAS during the application cycle and beyond.
The National Youth Development Agency (NYDA) continues to be instrumental in assisting applicants to use their facilities as application centres, free of charge.
Required supporting documents:
- Applicants ID document/card or birth certificate
- The ID of parents/ guardian/ spouse (or death certificate where applicable)
- Applicants proof of income (if applicable and should not be older than 3 months)
- Parents/ guardian/ spouse pay advice/ letter of employment/ pension advice stating income (if applicable and should not be older than 3 months.
- Vulnerable children must provide a completed and signed Vulnerable Child Declaration Form.
- Applicants with a disability must provide a Disability Annexure A Form (Downloadable on the website)
- SASSA slips are not required and SASSA should not be included as a household income.
How to Apply for NSFAS Online 2022
If you would like to apply for NSFAS 2022, follow the steps outlined below:
- You have to visit the NSFAS website: www.nsfas.org.za online
- Then, you have to click on the “myNSFAS” tab
- After that, you create your myNSFAS account
- After creating myNSFAS account, you then have to click on the “Apply” tab
- Answer the following questions you see on your screen
- Update all your personal information
- Upload all the required supporting documents
- Lastly, Click on “Submit” to send your application for review.