Financial Assistance @ NSFAS
Posted under Bursaries and Scholarships
We know there are limited options out there, such as private loans from banks, part-time employment, assistance from family members and for the lucky few, bursaries. So here’s another alternative if you are academically deserving and in need of financial assistance.
The National Student Financial Aid Scheme (NSFAS) offers a unique opportunity to access a loan, part of which can be converted to a bursary
What is NSFAS and what do they offer?
The National Student Financial Aid Scheme (NSFAS)
is a loan and bursary scheme operating in terms of Act 56 of 99 and funded by the National Department of Education. They offer:
• The means to obtain a tertiary qualification
• Loans at low interest rates
• Loans without guarantees
• A reasonable repayment plan
Download the NSFAS Student Guide
What is a loan?
The money you borrow to cover all the costs
associated with your tertiary studies and this
money has to be repaid.
You qualify for a NSFAS loan if you are:
• A South African citizen
• Registered at a South African university or technikon
• An undergraduate, studying for a first
higher educational qualification, or
• Studying for a second higher education
qualification, if this is necessary to practise in your chosen profession (e.g. LLB or HDE)
• Able to demonstrate potential for academic success
• In need of financial assistance
Apply for your loan from the Financial Aid office at the university of your choice. They will advise you on how much money you are eligible for by providing you with NSFAS’s maximum and minimum assistance figures.
NSFAS HAS MADE IT POSSIBLE FOR ACADEMICALLY DESERVING STUDENTS WHO ARE IN NEED OF FINANCIAL ASSISTANCE TO CONTINUE THEIR STUDIES!
Please visit www.nsfas.org.za for more information.
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I HAVE APPLIED FOR NSFAS AT THE BEGINNING OF THIS YEAR BUT STILL I HAVE NO MONEY TO FURHTER MY STUDIES AND IM THINKING TO QUIT AT UNIVERSITY BECAUSE I DON’T HAVE MONEY TO BUY FOOD AND TO PAY FOR MY STUDIES.
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