NSFAS is the National Student Financial Aid Scheme which is a government loan and bursary fund for students at public institutions. NSFAS application and registration opens in the later part of the year for students with the NSFAS closing date usually being in the next calendar year.
Being that NSFAS is the most sought-after bursary funding scheme in the country, many students will be forced to practice patience whilst awaiting confirmation for funding, as it does take a while in many cases. Nonetheless, having NSFAS funding proves extremely beneficial to students in financial need.
NSFAS gives bursaries to students from poor and working-class backgrounds which goes beyond just paying for your fees. They’ll also provide financial support for your registration, accommodation, transport, and books. Students supported by NSFAS and living in self-catering residence will also benefit from receiving monthly living allowances.
So What Are the Nsfas Requirements?
The most important requirement is that your household income should come to R350 000 or less per year. This means that if you add up everyone’s salaries in your house for the year and it comes to over R350 000, you won’t qualify.
Usually, students and future students will submit their NSFAS online application for a NSFAS bursary using myNSFAS.
Careers Portal has everything you need to know about NSFAS, NSFAS applications and NSFAS allowances.