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Will NSFAS Continue Funding Me If I Take A Gap Year?

We are here to answer all your NSFAS questions. If you find yourself wondering whether NSFAS will still fund you even if you took a year or two off and they funded you before, we have an answer for you. Don't forget that NSFAS applications are now open.

During a webinar with Careers Portal Live, NSFAS answered this question and said that gap year students, whether that be before you start your qualification or during, will still be funded by NSFAS if they were approved before and qualify.

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How To Unlock Your NSFAS Wallet

NSFAS-Funded students who qualify to receive allowances directly from NSFAS will receive cash funds in their NSFAS Wallets. If your NSFAS Wallet is locked, no worries. Here's why and how to unlock it. 

Your NSFAS Wallet will allow you to withdraw cash or spend at any merchant registered by NSFAS. Allowance amounts are determined through consultation with institutions, communicated to NSFAS when you register.

Are you trying to access your allowances but you are getting a message that your account is locked? Here's why. 

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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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Do you have a NSFAS account?

Get ahead of the crowd by registering with the National Student Financial Aid Scheme (NSFAS) today.

NSFAS applications for the 2021 academic year are open. This gives eligible students the opportunity to access free government funding.

Those who meet the criteria to receive financial aid can create an account and register on the NSFAS website immediately.

Apply Online

If you are planning to apply online go to  My NSFAS to create your personal account today.

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Does NSFAS Fund Postgrad Students?

NSFAS funds many undergraduate students, but what happens once you have your undergraduate qualification? Does NSFAS still lend a helping hand if you decide to do your postgraduate studies? 

NSFAS does offer funding to postgraduate students, but only for selected courses. If the postgrad qualification is a professional requirement for employment, then it will be funded. 

Only the following postgrad qualifications are funded by NSFAS:

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This Is Who Should Not Apply For NSFAS

It's that time of the year again as NSFAS opened their applications for funding in 2021. However, this bursary isn't open to just anyone. Here's who shouldn't send in that application to NSFAS.

NSFAS has opened their applications for students and prospective students to apply for funding for the 2021 academic year. However, not everyone can get this bursary. Here's who shouldn't apply to receive the bursary.

First and foremost, it's important to remember that if you are currently funded by NSFAS, you do not need to apply for 2021 funding.

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What Does The NSFAS Bursary Cover?

The NSFAS bursary covers a range of student needs to help you through your tertiary career. 

When Attending A University The Following Will Be Covered:

  • Student accommodation: All cost will be covered according to the university residence price list. Private accommodation will only be covered if it lies within the university residence price range.

  • Transport: Within 40km of the univerisity.

  • Meals: All meals will be covered, if living on student residence.

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What Is The NSFAS N+2 Rule?

NSFAS provides financial aid to students from poor and working-class families. However, there are rules for when you're funded by NSFAS. One is the N+2 rule. 

The N+2 rule means that students only have N+2 years to finish a degree. “N” is the minimum number of years allocated to complete a qualification (i.e. record time). The “+2” refers to the extra two years that a student may need to complete the qualification (making the maximum time).

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NSFAS Has Already Received More Than 180 000 Applications

At the beginning of August, a whole month earlier than usual, NSFAS opened up their applications for those wanting to be funded by the financial aid scheme for 2021. Now, as we are five months into the application cycle, they have provided updates on the applications process. 

When we reached the end of August, NSFAS had already received over 160 536 applications from students wanting to be funded in 2021. This is only a month after applications opened and they are set to close on 30 November 2020. 

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This Is What Your NSFAS Application Status Means

If you’re not sure what your NSFAS application status means and need more information, we can help you.

Understanding what you’re reading when you’re checking your NSFAS application status is of utmost importance. Here’s what your NSFAS application status means.

Application Submitted

Your application has been loaded on to the NSFAS system successfully.

Filtering

The system checks if you are a returning student and whether you have any previous qualifications.

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