NSFAS Application Status

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NSFAS Application Status

NSFAS Application Status

Nsfas application 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.

 

How to Check your Nsfas application status:

  • Login on the myNSFAS portal
  • Enter your username and password and sign in
  • Click on Track Funding Progress

Once there, there are a number of results you might receive. Here are what you could receive and what they mean:

  • Application Submitted: Your application has been loaded onto the NSFAS system successfully.
  • Filtering: The system checks if you are a returning student and whether you have any previous qualifications.
  • Validation: NSFAS is conducting third-party checks with SASSA and the Department of Home Affairs.
  • Evaluation: NSFAS is verifying all the documents you have submitted during your application.
  • Funding Eligibility: NSFAS is verifying your household financial status that was declared in your application.
  • Awaiting Academic Results/Admission: NSFAS is checking your academic results and your institution’s admission status to ensure that you meet the requirements to be funded by NSFAS. Many find themselves staying on this step for a while. This is because NSFAS has to wait for information from your chosen institution.
  • Awaiting Registration: NSFAS is receiving data from your institution to enable them to create a bursary agreement. This is another step students find themselves on for a while. This is because NSFAS has to wait for information from your chosen institution.
  • Signing Of Agreement: At this stage, you need to sign your bursary agreement so that NSFAS can disburse your allowances.
  • Payments: Your allowances are now being paid either through the NSFAS mobile wallet system or through your institution. Students are advised to continue to monitor the myNSFAS portal for updates.
See also  National Student Financial Aid Scheme NSFAS Details

How to Apply for NSFAS Online 2023

If you would like to apply for NSFAS 2023, follow the steps outlined below:

  1. You have to visit the NSFAS website: www.nsfas.org.za online
  2. Then, you have to click on the “myNSFAS” tab
  3. After that, you create your myNSFAS account
  4. After creating myNSFAS account, you then have to click on the “Apply” tab
  5. Answer the following questions you see on your screen
  6. Update all your personal information
  7. Upload all the required supporting documents
  8. Lastly, Click on Submit to send your application for review.

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