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How does NSFAS make sure that students pay back the loan?


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As a NSFAS funded student, or in general, you may be curious as to how NSFAS ensures that students funded before 2018 pay back their loan. 

 

When students are accepted for funding, students sign a legal contract that has a focus on the loan. NSFAS also works with organisations such as SARS to find out the NSFAS beneficiaries who are employed and earning more than R30 000 per year. 

 

When paying NSFAS, all deposits and transfers need to be into the NSFAS bank account using your ID number as your reference number. For more information about ways to make payments, you can email [email protected] 

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Latest Bursaries

Converse is giving away R1 million towards student debt. Applicants can apply for the #KicktheDebt campaign or nominate deserving students. 

Closing date: 3 March 2021.

There are five scholarships available to South African citizens, all of which are for international postgraduate study. These are: 

African Housing Company (AFHCO) is holding a competition to give away a bursary worth R50 000. The R50 000 bursary will be paid directly to University of Johannesburg or Wits University. 

Closing date: 12 March 2021 (Entries received after 17:00 will not be valid and will be excluded from the draw.)

Applications for The Funza Lushaka Bursary are open for 2021 funding so apply now. All first time applicants must be 30 years or younger to apply for Funza Lushaka Bursary. The Funza Lushaka Bursary Programme is a multi-year programme to promote teaching as a profession.

The Gibela bursaries are granted to students enrolled at TVET institutions. Students must prove they are in need of financial assistance and should be able to demonstrate great academic potential.

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