Are Nsfas Applications Closed

By | December 14, 2022

Are Nsfas Applications Closed

Are Nsfas Applications Closed

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.

Financial Aid

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.

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When nsfas open for 2023
NSFAS Application for 2023 will be opening on 1st November and close on 30th January 2023
WHAT DOES THE NSFAS BURSARY COVER?
Applicants who are approved for NSFAS funding are covered by the following:
  • Registration
  • Tuition​
Allowances for:
  • Food
  • Accommodation or transport
  • Learning material
  • Personal care
WHO QUALIFIES FOR THE BURSARY?
You qualify for an NSFAS bursary if you are a South African citizen who plans to study in 2021 or you are already studying at a public university or TVET college and you meet the following requirements:
  • SASSA grant recipients or
  • Your combined household income is not more than R350 000 per year or
  • A person with a disability with a combined household income of not more than R600 000 per year or
  • A student who began their university studies before 2018 and whose household income is not more than R122 000 per year
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WHAT IS REQUIRED DURING THE APPLICATION PROCESS?
NSFAS may need more information from you to process your application, check what supporting documents are required and ensure that you have all the relevant information.
You will need the following to complete your NSFAS application:
  • Your own cellphone number and email address
  • Copy of your ID or birth certificate
  • ID copies of parents, guardians, or spouse
  • Your proof of income or 1 year’s IRP5 (if applicable)
  • Your parents, guardian, or spouse’s proof of income
  • If you are a SASSA grant recipient, no proof of income will be required
  • Applicants with a disability must submit a completed and signed Disability Annexure A Form, click here to download
  • An applicant who is recognized as a Vulnerable Child by the Department of Social Development must provide a completed and signed Vulnerable Child Declaration and Consent Form, click here to download.
HOW AND WHERE TO APPLY
Step 1: Go to www.nsfas.org.za and click on the ‘myNSFAS’ tab
Step 2: Create a myNSFAS account
Step 3: Click on the ‘APPLY’ tab and answer the questions on the screen
Step 4: Upload the required supporting documents then click on ‘submit

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