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Nsfas Updates

Nsfas Updates

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.

Nsfas application updates

NSFAS anticipates a high volume of applications leading up to the closing date due to the recent economic suffocation due to Covid-19. Applications are opened for Grade 9 to 12 learners and out-of-school youth who wish to further their studies at any public Technical and Vocational Education and Training (TVET) college or university across the country.

Prospective applicants are urged to apply on time before the closing date. Applications are submitted online via a smartphone, personal computer, or by utilising applications centres of NSFAS partners.

NSFAS continuously provides easy access, reachability, and free access to information by forging and retaining relationships with stakeholder partnerships. These partnerships provide customised links between an applicant and NSFAS during the application cycle and beyond.

The National Youth Development Agency (NYDA) continues to be instrumental in assisting applicants to use their facilities as application centres, free of charge.

Required supporting documents:

• Applicant’s ID document/card or birth certificate
• The ID of parents/ guardian/ spouse (or death certificate where applicable)
• Applicant’s proof of income (if applicable and should not be older than 3 months)
• Parents/ guardian/ spouse pay advice/ letter of employment/ pension advice stating income (if applicable and should not be older than 3 months.
• Vulnerable children must provide a completed and signed Vulnerable Child Declaration Form.
• Applicants with a disability must provide a Disability Annexure A Form (Downloadable on the website)
• SASSA slips are not required and SASSA should not be included as a household income.

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.

HIGHLY RECOMMENDED:

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