The National Student Financial Aid Scheme (NSFAS) is said to be a government student bursary and loan scheme of which the scheme receives its funding budget from and known to directly report to the Department of Higher Education and Training.
Going down memory lane it should be also noted that the scheme was established in terms of the National Student Financial Aid Scheme Act 56 of 1999. NSFAS provides financial assistance prospective individuals in the form of bursaries and loans to eligible students at public universities and Technical and Vocational Education and Training (TVET) Colleges in South Africa.
The National Student Financial Aid Scheme (NSFAS) administer such bursaries and loans and recover the loans from students once they have graduated and are employed. NSFAS also raises funds in order to increase the funding pool for student bursaries and loans.
What does NSFAS offer?
A NSFAS loan is the money you borrow to cover the costs of your studies. The costs include tuition fees, food, accommodation, books and travel allowances. All loans are only paid back to NSFAS after you have graduated or left university or college, found employment/ in business, and earning R30 000 or more per annum. If you are still studying or unemployed, you are not required to start making repayments.
University of Pretoria NSFAS Online application
Frequently Asked Questions About NSFAS
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