Nsfas January Application 2023 Status

Nsfas January Application 2023 Status

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.

Is nsfas still open for 2023

Click here for NSFAS Application Opening Date 2023

These are the requirements to be funded by NSFAS:

Must be a South African citizen
Must be registered or intending to register on a PLP, NC(V), or Report 191 program at a TVET College
Must have a household income below R350 000 per year
If you’re a person living with a disability, your household income must come to R600 000 or less
Returning students must demonstrate proven and accepted academic performance in line with the College’s progression policy or the progression prescriptions of the Bursary Rules and Guidelines
Must not be enrolling for a qualification that duplicates previous learning that was state-funded

Which courses do NSFAS not fund?

Postgraduate qualifications
Part-time studies
Private institution courses
A second undergraduate qualification
Short courses

What does the bursary cover?

Accommodation in an urban area is R24,000 per annum
Accommodation in a peri-urban area is R18,900 per annum
Accommodation in a rural area is R15,750 per annum
Transport (up to 40 km from the institution) R7,350 per annum
Transport R7000 per annum
Incidental/personal care allowance R2900 per annum

Nsfas January application 2023 status

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.