How to Apply for NSFAS
The National Student Financial Aid Scheme (NSFAS) is a statutory body, funded primarily by the South African National Department of Education and Training, which provides study loans to academically able but financially needy students who wish to study at one of South Africa’s public higher education institutions.All students with a household income of R600 000 or less are encouraged to apply for possible funding
What is a NSFAS loan?
A NSFAS loan is an award that a student can receive from NSFAS upon applying and qualifying for such loan. This loan has to be repaid with interest (interest of each year is linked to the national inflation rate). A maximum award size is determined for each year by NSFAS. A portion of this award can be converted into a bursary based on academic performance. The size of this bursary is determined by the number of modules which the student has passed. A 100% pass rate will result in a 40% bursary rebate on this NSFAS loan.
It’s best to be up front about that. However, there are some things you can do to make it less painful.
How to Apply for NSFAS Online
1. Open an email account. Make sure you save your user name and password in a safe place. Your phone is not a safe place.
2. Download the consent form
If You Have Problems…
Contact NSFAS Share Call: 0860 067372 / info@nsfas.org.za /NSFAS website
Go to your nearest NYDA office for help. If you are applying for a TVET College, you can also get assistance there.