Mangosuthu University of Technology NSFAS Application 2023/2024
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Are you in need of financial assistance to study at a tertiary institution? Apply for a National Student Financial Aid Scheme (NSFAS) bursary.
The National Student Financial Aid Scheme (NSFAS) is a South African government student financial aid scheme which provides financial aid to undergraduate students to help pay for the cost of their tertiary education after finishing high school.
It is funded by the Department of Higher Education and Training.
The program also manages bursaries such as the Funza Lushaka Teacher Bursary (for students pursuing a teaching qualification), DHET Disability Bursary and other bursaries from the Sector Education and Training Authorities (SETAs)
NSFAS is a bursary scheme funded by the Department of Higher Education and Training for those who do not have the financial means to fund their studies and cannot access bank funding, study loans or bursaries.
NSFAS financial support previously was in the form of loans and still need to be paid back when you find employment after completion of your studies. If you passed all your subjects, 40% of the NSFAS funding for that particular year/semester was converted into a bursary. This means you will only pay back 60% of the loan when you start working
At a meeting with the Chairperson of Anglo American and De Beers Consolidated Mines in 1974, KwaZulu Chief Minister Dr Mangosuthu Buthelezi proposed the concept of establishing a tertiary educational school concentrating on technical courses.
The University of Cape Town’s South Africa Labour and Development Research Unit (SALDRU) was commissioned to do research into the possibility for more technicians to be trained and employed in South Africa.
The Anglo American and De Beers Groups Chairperson’s Fund decided to provide R5 million to build the necessary facilities after the study revealed that there was an immediate need and demand for more technicians, and later companies such as Mobil Oil, AECI, the S.A. Sugar Millers’ Association, the Rembrandt and Distillers Corporation, LTA Limited, Sasol, and other sponsors provided additional funds to establish the Schools for Chemical Engineering, Mechanical Engineering, and Electrical Engineering.
The project was given the green light in mid-1977, and the KwaZulu Cabinet opted to build the Technikon on the Umlazi site, which is part of KwaZulu but also part of the Durban Metropolitan region.
It was chosen to open its doors as soon as possible due to the urgent need for technicians and the requirement to build up the institution in a systematic manner.
As a result, temporary but permanent structures were developed and constructed, and classes commenced in 1979. The Technikon moved into its main buildings in September 1981, once they were completed.
Mangosuthu Technikon was renamed Mangosuthu University of Technology in November 2007.
NSFAS Application by Mangosuthu University of Technology
Financial aid is a sort of assistance based on approved study expenses. Each year, the Department of Higher Education and Training’s National Bursary Rules and Guidelines define the maximum amount of money that can be spent on education.
NSFAS will distribute funding to qualified students based on their permitted cost of attendance; this does not include club and society coverage or fines.
To see if their application has been granted, applicants must go to the MyNSFAS webpage. NSFAS will notify universities about new and returning students’ funding eligibility.
Qualified students’ registration (cost of study) fees will be reimbursed to NSFAS after registration. After receiving and processing registration cost data, NSFAS will certify the actual funding amount.
It’s important to remember that NSFAS has no idea what program of study an applicant has chosen until registration data is received. Even if a student qualifies for financial aid, he or she chooses to enroll in an unfunded course. NSFAS will not process or issue any funding in this case. As a result, it is the obligation of the applicant to get familiar with the list of NSFAS-funded initiatives (available on their website).
Requirements for Eligibility
NSFAS will submit UCT the necessary application information for grant eligibility verification.
It’s worth noting that all NSFAS applications are thoroughly checked for the following eligibility requirements:
Should be a South African citizen or permanent resident with a bachelor’s degree at a minimum.
If the student has previously been registered at a tertiary institution, and the number of years of registration, the N+1 rule should be applied
The documents below show the details of the processes for sponsorship at NSFAS.
1) Go to https://my.nsfas.org.za/mynsfas/selfservice.html and create a myNSFAS account.
You must provide the following information when creating an account: username, password, ID number, cellphone number, and email address.
2) After that, use your chosen username and password to log in.
3) To complete the application form, click the “apply” button.
4) Note that once you’ve filled in all of the information required (don’t leave any fields blank), you may upload electronic versions of your supporting documents (as listed below). To acquire your reference number, click the “submit” button after you’ve uploaded all of your documents.
For more information on NSFAS kindly click on this link
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