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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 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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If you are struggling to reset your myNSFAS password, here is how to do it.

If you want to reset your myNSFAS portal password, here is what you should do.

1. Go to www.nsfas.org.za
2. Click myNSFAS account
3. Click ‘forgot password
4. Type in your ID number
5. Choose one of the following options:
   • I can’t remember my username
   • I can’t remember my password
   • I can’t remember my username and password
6. Choose the relevant option
7. Click ‘submit’
8. A Time Pin (OTP) will be sent to you via SMS and email to the cellphone number and email you provided
9. Check your cellphone or email for the OTP. This OTP is only valid for 24 hours
10. Type the OTP number in the provided block
11. Click ‘submit’
12. A link to reset your login details will be sent to you via email and SMS
13. Click on the link that was received through SMS or email
14. Follow the reset process
15. Create a new password by following the instruction on the screen
16. Click ‘submit’

And you’re done. You should now have a new password set.

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Documents Needed to Verify Your NSFAS Funding Application

National Student Financial Aid Scheme NSFAS Details

NSFAS Application Requirements for

NSFAS application for 2023 closing date

REQUIRED SUPPORTING DOCUMENTS DURING THE APPLICATION PROCESS

How to Apply for NSFAS Online