When nsfas will open again for 2023
When nsfas will open again for 2023
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.
When Nsfas will open again for 2023
You qualify to apply for an NSFAS bursary if:
- You are a South African citizen;
- Your combined annual household income does not exceed R350 000 per annum;
- You are a SASSA grant recipient;
- You are registering for the first time for an undergraduate qualification at a public university or you are registered at a TVET college for one of the National Certificate Vocational or report 191 programmes;
- You are applying to study at a public university or TVET college for a qualification;
- You are an already registered university student with an annual household income of less than R122 000 per year;
- You have passed Grade 9 & 10 to receive NSFAS funding to study at a TVET college;
- You have passed Grade 12 to receive NSFAS funding to study at a university.
Who should not apply?
- Students that have completed a previous qualification.
- Students with a combined household income of more than R350 000 per annum.
- Students who have already applied, qualified and received funding. They are automatically funded for the duration of their studies provided they pass their modules and meet the academic requirements.
- Foreign students (any student who is not a South African citizen).
What does the NSFAS bursary cover?
- Tuition fee (total cost of study)
- Subsidised book allowances
- Subsidised accommodation to a maximum set by NSFAS
- Subsidised meal allowances
- Subsidised transport allowances for spending
- Registration fees
- Prescribed learning materials to a maximum set by NSFAS
- Personal care allowance
NSFAS Online Application Form
Things to note before applying online to NSFAS:
Make sure that you have certified and valid copies of the following documents before attempting to apply for funding:
- Your South African identity document/card (or an unabridged birth certificate (if you are younger than 16 years old)
- ID of parents and/or guardian (or death certificate where applicable)
- Pay advice/letter of employment/pension advice stating income (SASSA slips are not required and SASSA should not be included as household income)
- A completed and signed consent form, which you may download here and must be filled in with your parent/guardian’s signatures. Applications without a consent form signed by all people whose incomes have been declared in the application will not be accepted and will be considered incomplete.
- If you have a disability, please download the Disability Annexure A from www.nsfas.org.za fill it in and submit it with your application
NB: The stamp on all certified documents should not be older than three months
How to Apply
How to Apply for NSFAS Online 2023
If you would like to apply for NSFAS 2023, 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.