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NSFAS

NSFAS Approves 300 000 Funding Applications

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The National Student Financial Aid Scheme (NSFAS) has announced the completion of all assessments of the 2019 applications of first time students.

In a statement issued, the scheme said of the 417 000 applications received, more than 300 000 students have been given the stamp of approval, pending registration at public institutions for NSFAS funded qualifications.

In December, NSFAS Administrator Randall Carolissen called for a review of the 109 000 applications that were initially unsuccessful for the 2019 academic year. 

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NSFAS: What is NSFAS?

If you’ve been looking for funding for your studies, you may have come across the the term NSFAS. You may be wondering: what is NSFAS? Let’s take a look at what NSFAS is and what it can do for you.

NSFAS: What is NSFAS?

NSFAS, or National Student Financial Aid Scheme, was established according to the National Student Financial Aid Scheme Act of 1999 and incorporated Tertiary Education Fund of South Africa (TEFSA), which stopped operating in 2000.

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All Systems Go For NSFAS 2019 Applications

The National Student Financial Aid Scheme (NSFAS) has officially tested the improved online application system which is aimed at improving the time at which users take in applying for funding.

“This is an effort to showcase the improved efficient process. The aim and focus was to make the online application system simpler for applicants, with the process shorter and reactive, providing feedback to the applicants within a week,” NSFAS said.

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NSFAS: Student Centered Model

You may have read recently that NSFAS would be changing the way applications worked. The organisation has adopted what they call a Student Centered Model, completely overhauling the applications system. So what does this mean for you?

NSFAS: What is the Student Centered Model?

The idea behind the Student Centered Model is that students will no longer apply for financial aid through their colleges or universities. Instead, students apply directly to NSFAS and bursaries are awarded after an evaluation of the application.

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Bursaries can lift financial burden

The National Student Financial Aid Scheme (NSFAS) is the biggest government-funded entity used to administer financial aid to struggling students.

In an effort to establish equality in the education sector government has pledged to support underprivileged or disadvantaged students through various financial aid schemes.

Government also offers sector specific bursaries directly through its Departments.

Some private organisations and individuals have joined government's efforts to provide funding to students who are unable to finance their own studies.

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