The South African educational fund programme known as the National Student Aid Scheme – NSFAS is set to announce the opening date for its online application portal for the 2023 registrations.
NSFA Reports 2022
The 2022 funding report released by NSFAS reveals that a total of 708,110 students have secured funding from the NSFAS for the 2022 academic year.
Of these students, 204,747 are registered at TVET colleges whereas the remaining 503,363 are registered at universities. Further of these students, 448,375 students are continuing students whereas the remaining 259,735 are new applications.
A total of 140,492 applications for funding have been rejected. These applications have been rejected for not providing sufficient evidence to support the application for funding (64,331), exceeding the financial eligibility threshold (47,658), having already achieved the highest level of qualification that NSFAS funds at (18,023), having exceeded the N+ rule (10,423) and being non-compliant to the academic pathways of the TVET college sector (57).
About National Student Aid Scheme – NSFAS
The mission of the National Student Financial Aid Scheme (NSFAS) is to transform NSFAS into an efficient and effective provider of financial aid to students from poor and working-class families in a sustainable manner that promotes access to, and success in, higher and further education and training, in pursuit of South Africa’s national and human resource development goals.
The mission statement is made up of three distinct elements which describe why NSFAS exists, what it does, and the impact on its constituency: NSFAS exists to provide financial aid to eligible students at public TVET colleges and public universities; NSFAS identifies eligible students, provides bursaries, and collects student loan repayments to replenish the funds available for future generations of students; and NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study.
NSFAS Opening Date for 2023
- NSFAS will soon open for the 2023 application season
NSFAS Contact Details
Private Bag X1, Plumstead, 7801
2nd Floor, House Vincent, 10 Brodie Road, Wynberg, Cape Town, 7700
021 763 3200 / 08000 67327
|NSFAS Student Portal||Quick Access|
|NSFAS Online Application||Apply Now|