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WHAT IS THE NATIONAL STUDENT FINANCIAL AID SCHEME? (NSFAS)

1. NSFAS was established in terms of the National Student Financial Aid Scheme (Act 56 of 1999) The mission statement is made up of three well-defined elements, which describe why NSFAS exists and its impact on the people it serves:

2. NSFAS exists to provide financial aid to eligible students at public TVET colleges and public universities;

3. NSFAS identifies eligible students, provides bursaries and collects past student loan repayments to replenish the funds available for future generations of students; and

4. NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study

 QUALIFICATION CRITERIA

• • Only South African citizens are eligible for the National Student Financial Aid Scheme (NSFAS) bursary scheme;
  • A student must be registered or intend to register to study at a TVET college
  • Applicants will qualify for funding if they fall within the maximum threshold of up to R350,000 of combined gross family income per annum;
  • Returning students (studied prior to 2018) will qualify if they fall within the maximum threshold of up to R122,000 of combined gross family income per annum