How Many Years Does Nsfas Cover

How Many Years Does Nsfas Cover

How Many Years Does Nsfas Cover | 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.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.

How many years does nsfas cover

five years

If you qualify according to the means test, NSFAS will only support you for a maximum of five years, based on the availability of funding in each year. If you change your course frequently and you take longer than five years to complete your qualification, you will have to pay for yourself until you graduate.

Nsfas application for 2022 closing date

When to Apply: NSFAS Application for 2022 will be opening on 1st November and close on 30th January 2022.

No Late Application.

How often nsfas allowance for 2022

NSFS ALLOWANCE CATEGORY	ANNUAL AMOUNT	SELF-CATERED/CATERED RES
Study Materials (Once Off)	R5,200	R5,200
Accommodation (Max)		R5,617 (Private)
Living Allowance	R15,000	R1,500
Incidental Allowance	R2,900	R290
Travel	R7,500	R750 (Home)

NSFAS will cover more than just the tuition fees of students. The bursary covers you with the following if you qualify:

Tuition fees
Accommodation
Transport
Living allowances
Book allowances
Incidental/personal care allowance for students in catered residences

These allowances are paid to students during the first week of each month over a period of 10 months.

NSFAS will fund students for the entire duration of their course or degree. Most degrees take about 3 to 4 years, whereas medical degrees for example take up to 7 years.

Otagouni.com is here to bring you the latest information regarding the NSFAS application process.

HOW TO APPLY