The National Student Financial Aid Scheme (NSFAS) is a South African government organization that provides financial assistance to students in need. The financial assistance is not a loan but rather a bursary which you don’t have to pay back. Applying for NSFAS assistance is easy, and you should do it as soon as possible. You are eligible to apply if your family earns less than R350 000 per year.
How Much Must You Earn To Qualify For Nsfas
NSFAS is a South African government organization that provides financial assistance to students in need. The aim of NSFAS is to provide assistance for poor and needy students, who otherwise would not be able to pursue post-secondary education. In other words, if you are in need of financial aid, NSFAS can help you pay for your tuition and living expenses while at college or university.
The purpose of NSFAS is to ensure that all deserving South Africans have an equal opportunity at tertiary education regardless of their race, sex or religion. This means that no matter what your background may be – whether you are black or white – there is an equal chance of being accepted into one of the many tertiary institutions throughout South Africa with support from NSFAS.
There are five main differences between NSFAS and other types of financial aid organizations:
The financial assistance is not a loan but rather a bursary which you don’t have to pay back.
While the financial assistance is not a loan but rather a bursary which you don’t have to pay back, there are some measures in place to ensure that it is used properly by students. For example, the conditions of your study progress will be monitored regularly. If at any time you fail to meet these conditions and are unable to continue with your studies, then your financial aid will be terminated.
Also note that this money does not come from NSFAS; rather it comes from government funds so if for some reason you decide not to complete your degree or wish not to return home after graduating and finding work elsewhere, all amounts paid can be recovered by NSFAS within 30 days of making such an application.
Applying for NSFAS assistance is easy, and you should do it as soon as possible.
To apply for NSFAS funding, you can either visit the NSFAS website and submit an online application or download the application form and submit it by post. Either way, you will need to include copies of all relevant documents with your application. You can apply for NSFAS assistance at any time, even if you have already applied for funding from another source.
To qualify for National Student Financial Aid Scheme (NSFAS) funding, you must:
- Be a South African citizen.
- Be a full-time student.
- Be a first-time applicant.
- Be financially needy.
You are also eligible to apply if your family earns less than R350 000 per year, or R250 000 if you are studying at an accredited private institution, unless you have already completed your previous studies under this programme. If this is the case, you should consult NSFAS directly regarding their guidelines regarding funding eligibility.
The National Student Financial Aid Scheme (NSFAS) is a government organization that provides financial assistance to financially needy students. Unlike loans, bursaries are not repaid. In other words, you don’t have to worry about paying back your NSFAS funding after you graduate or leave school.
In order to qualify for funding through NSFAS, you must be an undergraduate student who has been accepted into a full-time bachelor’s degree program at one of the participating universities in South Africa or tertiary institutions in Namibia and Mozambique. You must also meet certain financial criteria based on household income and size as well as what activities your parents engage in for work (for example: farming vs salaried employment).
If you’re interested in applying for this aid scheme but aren’t sure whether or not it applies to your situation, consult with an admissions officer at your chosen institution – they may be able to help guide your application process!
The National Student Financial Aid Scheme (NSFAS) has reopened its applications for the 2021 academic year in order to give students who missed the first round of applications an opportunity to apply for funding for next year’s academic year.
The scheme, which provides financial aid to students at universities and higher education institutions across South Africa, was closed on Friday 31 July after receiving more than 2 million applications. However, due to a high number of late submissions, NSFAS has decided to reopen its doors from today until 31 October 2021. The scheme will assess all late applications during this period using existing criteria, but only those who have been unsuccessful may submit another application in this round.
If you have applied before and got accepted into a course between 01 June 2019 and 30 September 2019 then your application will not be reconsidered by NSFAS again if it fails twice within a 12 month period from the date of your initial acceptance letter being issued by NSFAS/UCT/WITS/UNISA etcetera,” reads part of their announcement on Facebook..
If you want to know how you can apply for NSFAS funding, this article will help you.