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Nsfas Deadline 2023

Nsfas Deadline 2023

NSFAS 2023 Applications are now open; Click here to apply

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 using the means test and the loan conversion of up to 40 percent 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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Requirements to Apply

1. Provide your own cellphone number and email address
2. You must have a copy of your ID or birth certificate
3. National ID copies of parents, guardians, or spouse
4. The evidence of your income or 1 year’s IRP5 if necessary
5. The proof of income of your parents, guardian, or spouse.
6. If you are a SASSA grant recipient, you don’t need to provide any evidence of income.
7. All Applicants with a disability should provide and submit a completed and signed Disability Annexure A Form
8. An applicant who is known as a Vulnerable Child by the Department of Social Development should also provide a completed and signed Vulnerable Child Declaration and Consent Form.

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