There are many people who would like to further their studies but due to their financial circumstances, cannot afford to do so. However, the government is making strides in providing greater access to funding for deserving learners who would like to continue learning.
NSFAS is the South African government student loan and bursaries scheme. It was set up to help South African students to further their education at public TVET colleges and universities. It provides a sustainable financial aid system for loans and bursaries, allowing deserving learners to realise their potential and hopes for the future.
Bursaries are available for specific fields of study, such as accounting, actuarial science and various scarce skills study fields. Since there are not enough bursaries available for all learners in South Africa, you may receive a loan that is repayable when you start working.
NSFAS loans are given to learners to cover the costs associated with their tertiary studies. The learner starts paying back the loan when they start earning a salary.
*All repaid loans are used to fund other deserving learners.
It is important to note that NSFAS does not allocate funds directly to learners. You will need to apply for financial assistance at the institution you intend to register with and will then be assessed on the extent of your financial need.
You can apply for both the NSFAS-administered loan and bursary programmes at the university’s Financial Aid Office (FAO), or the Student Support Centre (SSC) at a TVET college or university.
The decision to allocate funds is based on financial needs (determined by a national means test), and having the academic potential to succeed. The institutions will guide you on this.
You will repay the loan when you start working and earn more than R30 000 per annum. You must constantly inform NSFAS of your contact details e.g. postal or physical address, employment details landline, cell number and email address.
For more information on NSFAS:
Tel no: 0860 067 327
Postal address: Private Bag X1 Plumstead, 7801 South Africa