NSFAS Online Application for Universities in South Africa

If you are someone who is need of funds for your studies, you must have come across NSFAS. Well, the full form of NSFAS is the National Student Financial Aid scheme, which was established in the year 1999 under the National Student Financial Aid scheme. Later, in the year of 2000, it incorporated the Tertiary Education Fund of South Africa (TEFSA), after it stopped working. According to this act, students can apply for financial aid, no matter if it is bursary or student loan through mynsfas login. But to avail this loan, students have to go through certain conditions.

If you are someone who is need of funds for your studies, you must have come across NSFAS. Well, the full form of NSFAS is the National Student Financial Aid scheme, which was established in the year 1999 under the National Student Financial Aid scheme.

Later, in the year of 2000, it incorporated the Tertiary Education Fund of South Africa (TEFSA), after it stopped working. According to this act, students can apply for financial aid, no matter if it is bursary or student loan through mynsfas login. But to avail this loan, students have to go through certain conditions.

What is an NSFAS loan An NSFAS loan can be considered as an award, which NSFAS provides to the students if they can apply and qualify for that loan. The student who is availing this loan has to repay its interest, which will be dependent on each year’s inflation rate. The maximum amount of the award, which the students will get, will be decided by NSFAS. Based on the academic performance of the student, a certain share of this award can utilize as a bursary. The number of courses that a student is passing will determine the size of the bursary. In case, if the passing rate of the student is 100%, we will receive 40% bursary.

What is Bursary The National Student Financial Aid Scheme not only provides the students with education loan but also offers them numerous bursaries. All the 25 public universities along with the 50 public FET (Further Education Training) are capable of cherishing the perks of this scheme.

One of the finest aspects of these bursaries is that students don’t have to pay the monetary value. Instead of that, they have to go through a contract to work for a specific amount of time under a specific South African sector. They will do this, once they are done with their graduation. According to the studies, NSFAS is doing an amazing job in educating students. In the year of 1999, the available fund of NSFAS was R441 million, and by the year of 2013, it witnessed a fantastic high, which is R8.5 billion.

NSFAS Application form for post-graduation loan

By the name, you must have understood that NSFAS graduation loan is only for the students, who are done with their graduation. Well, the main objective of this loan is to provide financial support to the students who don’t have enough money to carry on with their studies but witnessing an academic progression. This loan will not only help students financially but will also give them psychological support so that they can continue with their studies proper. While applying for the loan, one thing that students have to keep in mind that the closing date for the applications is in the month of May every year. After that, students will no more get chances to apply for this scheme. So, these are all the things that you were looking for the National Student Financial Aid Scheme.