The National Student Financial Aid Scheme famous as NSFAS serves as a bursary program providing financial assistance necessary for learners to attain their career dreams. The scheme offers fully subsidized training programs and free higher education to both financially challenged and working-class South Africans. Who qualifies for NSFAS? The plan is exclusively available for eligible applicants who satisfy the NSFAS requirements discussed below.
The core mission of the scheme cuts across three main elements, which include providing financial assistance to learners from poor and working-class families interested in enrolling in public universities and TVET colleges. The National Student Financial Aid Scheme essentially identifies eligible learners and awards them with bursaries for their enrolled programmes. As such, the scheme also collects past student loans in the view of financing new students. Most importantly, the scheme supports new applicants who are unable to afford further education regardless of their financial potential. Read on for National Student Financial Aid Scheme requirements before enrolling and accessing the scheme funding.
What is needed when applying for NSFAS?
Although the NSFAS application for the 2020 academic year is already closed, you can prepare for the next intake by understanding that there are several qualifications which applicants must satisfy before submitting their applications. It is also essential to keep track of important dates and stay up to date with NSFAS notifications. NSFAS bursary and financial aid are exclusively open for South African citizens willing to further their studies and satisfy the following conditions:
- Only applicants with a combined annual household income of less than R350,000 annually are acceptable for subsidized study enrollments.
- SASSA grant recipients who are first-time registrants for undergraduate qualifications at a public university or TVET College.
- Those who have excelled in Grade 9 and 10 and require financial aid from the National Student Financial Aid Scheme to study at TVET college.
- First-time registrants for an undergraduate qualification at a public university or already registered at a TVET college for one of the National Certificate Vocational or the report 191 programmes.
- SASSA grant recipients that are already studying at a TVET college or public universities and registered before this year for different qualifications.
- Already registered University learners with combined annual household income not exceeding R122,000 annually.
- Learners who have already passed grade 12 to receive the National Student Financial Aid Scheme funding for university studies
When making your applications, the National Student Financial Aid Scheme will grant you an option of applying for DHET funding. It is also necessary to complete the consent forms as a part of the requirements. It is vital to clear all the credit checks in time for NSFAS to verify all the household income values.
In the qualifications, non-south African students should not apply because the National Student Financial Aid Scheme receives local learners only. Prospective learners should also realize that they stand a chance to receive bursaries only after successfully receiving an enrollment. Applications for financial aid should also be completed within an acceptable period. Before starting your applications, consult the student support offices for necessary assistance as pertaining to opening an account with myNSFAS Self Service portal.
You have to submit the copies of the supporting documents. For 2020 application, NFSA required the following supporting documents.
NSFAS requirements 2020 - 2021 are essential to qualify for NSFAS services. Meeting these requirements not only serves to enhance your eligibility but also guarantees a chance for further studies with The National Student Financial Aid Scheme. So, if you meet the above NSFAS requirements, what are you waiting for? Grab the next opportunity when applications are open and get the chance of a lifetime to further your studies.