Nsfas January Application 2022 Status

November 16, 2021 Kenzy

Nsfas January Application 2022 Status

Nsfas January Application 2022 Status

NSFAS was established according to the National Student Financial Aid Scheme Act (Act 56 of 1999) and incorporated TEFSA (Tertiary Education Fund of South Africa). From 1993 to 2000, TEFSA was the primary non-profit company in terms of Section 21 of the Companies Act and ceased to operate in July 2000. All existing loans on the TEFSA books were transferred to NSFAS.

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Financial Aid
The NSFAS Act enables any student to apply for a bursary from NSFAS but allows the board to impose conditions, generally, or in respect of a particular loan or bursary. Such conditions include the use of the means test and the loan conversion of up to 40 per cent of any loan as an incentive for academic success.
It provides for payment by NSFAS of the amount of the loan or bursary “to the designated higher education institution”, rather than to the applicant. It also allows NSFAS to enter into what is in effect an agency agreement with higher education institutions (HEIs) or further education and training (FET) colleges.

Is nsfas still open for 2022

When and How to Apply: NSFAS Application for 2022 will be opening on 1st September and close on 30th November 2021.

No Late Application.

These are the requirements to be funded by NSFAS:

Must be a South African citizen
Must be registered or intending to register on a PLP, NC(V) or Report 191 programme at a TVET College
Must have a household income below R350 000 per year
If you’re a person living with a disability, your household income must come to R600 000 or less
Returning students must demonstrate proven and accepted academic performance in line with the College’s progression policy or the progression prescriptions of the Bursary Rules and Guidelines
Must not be enrolling for a qualification that duplicates previous learning that was state-funded