The National Student Financial Aid Scheme (NSFAS) helps individuals from disadvantaged backgrounds achieve their educational goals.
They offer financial aid in the form of bursaries and loans to students enrolled in approved course at public universities and TVET Colleges
What Happens if My NSFAS Funding Stops?
Discontinuation of NSFAS funding means that NSFAS has decided to withdraw or stop funding a student completely. Several reasons can lead NSFAS to discontinue NSFAS funding.
NSFAS reserves the right to withdraw or cease financial aid to a student under the following circumstances
Eligibility Changes: If you no longer meet the financial or academic requirements set by NSFAS, your funding may cease.
Misconduct: NSFAS will withdraw funding in cases of fraud against them or another beneficiary, receiving funding by mistake, or providing false information.
Errors: Funding may be discontinued if the institution provided incorrect information or if there are unresolved duplicate registration records.
Who Qualifies for NSFAS Funding?
The primary criterion for NSFAS funding is financial need. To qualify for a bursary, your combined household income must be R350,000 or less per year. The income threshold increases to R600,000 per year for a loan. Additionally, only South African citizens are eligible for NSFAS assistance.