Which Qualifications Does Nsfas Fund

Which Qualifications Does Nsfas Fund

Which Qualifications Does Nsfas Fund

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.

Who qualifies for NSFAS funding?

  • All South African citizens
  • All SASSA grant recipients qualify for funding
  • Applicants whose combined household income is not more than R350 000 per annum
  • A person with a disability: Combined household income must not be more than R600 000 per annum
  • Students who started studying before 2018 and whose household income is not more than R122 000 per annum.

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

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List of TVET Colleges that offers Nsfas fund

Gauteng

  • Central Johannesburg TVET College
  • Ekurhuleni East TVET College
  • Ekurhuleni West TVET College
  • Sedibeng TVET College
  • South West Gauteng TVET College
  • Tshwane North TVET College
  • Tshwane South TVET College
  • Western TVET College

KwaZulu-Natal

  • Coastal TVET College
  • Elangeni TVET College
  • Esayidi TVET College
  • Majuba TVET College
  • Mnambithi TVET College
  • Mthashana TVET College
  • Thekwini TVET College
  • Umfolozi TVET College
  • Umgungundlovu TVET College

Western Cape

  • Boland TVET College
  • College of Cape Town
  • False Bay College
  • Northlink TVET College
  • South Cape TVET College
  • West Coast TVET College

Eastern Cape

  • Buffalo City TVET College
  • Eastcape Midlands TVET College
  • Ikhala TVET College
  • Ingwe TVET College
  • King Hintsa TVET College
  • King Sabata Dalindyebo TVET College
  • Lovedale TVET College
  • Port Elizabeth TVET College

Free State

  • Flavius Mareka TVET College
  • Goldfields TVET College
  • Maluti TVET College
  • Motheo TVET College

Limpopo

  • Capricorn TVET College
  • Lephalale TVET College
  • Letaba TVET College
  • Mopani South East TVET College
  • Sekhukhune TVET College
  • Vhembe TVET College
  • Waterberg TVET College

Mpumalanga

  • Ehlanzeni TVET College
  • Gert Sibande TVET College
  • Nkangala TVET College

Northern Cape

  • Northern Cape Urban TVET College
  • Northern Cape Rural TVET College

North West

  • Orbit TVET College
  • Taletso TVET College
  • Vuselela TVET College

How to Apply for NSFAS Online 2022/which qualifications does nsfas fund

If you would like to apply for NSFAS 2022, 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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