NSFAS Urges Ex-Students To Repay Loans

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NSFAS is urging those who've previously received funding to repay their bursaries. This helps ensure more students can access this vital support in the future.


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Struggling to afford university or college? The National Student Financial Aid Scheme (NSFAS), South Africa's leading student financial aid scheme, could be the answer. They provide bursaries and loans to eligible students every year, helping them cover the costs of their tertiary education.

Since 2018, most NSFAS funding has been awarded as bursaries, meaning you generally don't need to pay the money back. However, if you received NSFAS funding before 2018, it was considered a loan, and repayment is still required.

NSFAS has now urged ex-NSFAS students to repay their NSFAS loans.

Begin the first step today! Begin repaying your NSFAS loans and pave the way for future students. Your contribution matters - let's make quality education accessible to all.

Every repayment, regardless of amount, is said to be contributing to the sustainability of NSFAS. This ensures future generations of students can access the same educational opportunities you did.

NSFAS is cracking down on those who received funding without meeting eligibility criteria. Earlier this year, NSFAS signed debt recovery agreements totaling nearly R11 million with students and their parents.

How To Repay Your NSFAS Loan

There are various ways to pay money to NSFAS. 

Debit order 

You submit an electronic debit order form and email it to collectionsn [at] nsfas.org.za (collections[at]nsfas[dot]org[dot]za). You can find the form here. This method doesn't require you to remember to pay every month. 

Electronic Funds Transfer (EFT) 

You can EFT NSFAS each month using the following details.

  • Name of Account: NSFAS
  • Branch Code: 210554
  • Bank: First National Bank
  • Account Number: 500 600 28203
  • Please use your ID Number (6711165000000) as a reference when making payments

Alternatively, if you bank with Standard Bank, Capitec, FNB or ABSA, NSFAS is a beneficiary that you can find by searching in the list of beneficiaries. 

Salary Deductions 

The other method is a salary deduction where your employer makes deductions from your income and pays it to NSFAS for you. You will need to submit this form and submit it to your employer. 

New NSFAS Loan Scheme

In 2024, a new loan scheme was launched for students from middle-income households (between R350,000 and R600,000 annual income) who might not qualify for a full NSFAS bursary. This loan scheme offers additional financial aid options.

This Missing Middle Loan Scheme forms part of the Comprehensive Student Funding Model announced by Higher Education Minister, Blade Nzimande.

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