National Student Financial Aid Scheme NSFAS Closing & Starting Date 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.

Note:

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.

NSFAS Starting Date 2023

NSFAS is the National Student Financial Aid Scheme which is a government loan and bursary fund for students through the NSFAS funding. NSFAS application and registration opens in the later part of the year for students with the NSFAS closing date usually being in the next calendar year.

NSFAS gives bursaries to students from poor and working class backgrounds which goes beyond just paying for your fees. They’ll also pay for your registration, accommodation, transport, books through NSFAS allowances.

So what are the NSFAS requirements?

The most important requirement is that your household income should come to R350 000 or less per year. This means that if you add up everyone’s salaries in your house for the year and it comes to over R350 000, you won’t qualify.

Usually, students and future students will submit their NSFAS online application for a NSFAS bursary using myNSFAS.

Careers Portal has everything you need to know about NSFAS, NSFAS applications and NSFAS allowances.

NSFAS applications open in August/September and close in November/December every year.

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