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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
UCT began as the South African College, a boys’ high school, in 1829. The College had a tiny tertiary-education facility that grew significantly after 1880, when gold and diamond discoveries in the north – and the subsequent need for mining skills – provided the financial push it needed to expand.
During the years 1880 to 1900, the College grew into a full-fledged university, thanks to increased support from both private and government sources.
During this time, the College established its first specialized scientific laboratories, as well as mineralogy and geology departments, to meet the demand for trained workers in the country’s expanding diamond and gold mining sectors.
About Nsfas Application at University of Cape Town
Financial aid is a type of funding that is based on authorized study costs. The National Bursary Rules and Guidelines of the Department of Higher Education and Training determine the permitted cost of education each year.
NSFAS will distribute funds to qualified students depending on their authorized cost of attendance; this does not include coverage for clubs and societies or any fines.
Applicants must check their MyNSFAS portal to see if their application has been approved. NSFAS will notify universities on the funding eligibility of new and returning students.
After registration, qualified students’ registration (cost of study) charges will be remitted to NSFAS. NSFAS will only certify the actual funding amount after receiving and processing registration cost data.
It is vital to note that until registration data is received, NSFAS is unaware of the program of study that an applicant has chosen. A student may be qualified for financial aid, but he or she enrolls in an unfunded course. In this case, NSFAS will not process or issue any funding. As a result, it is the applicant’s responsibility to familiarize themselves with the list of NSFAS-funded programs (available on their website).
NSFAS will send UCT the required application information verifying grant eligibility.
Note that all NSFAS applications are checked against the following eligibility criteria:
- Should be a Citizens and permanent residents of South Africa
- First undergraduate qualification
- Financial eligibility
- If the student was registered at a tertiary institution before, and the number of years of registration to apply the N+1 rule
You should not apply if you meet the following criteria:
- Foreign student (NOT a South African citizen)
- Total household income is over R350 000 per annum
- Completed a previous tertiary qualification
- Already applied and received funding
How to apply.
The documents below are the methods needed to use for sponsor ship at NSFAS
When creating an account, you must supply the following information: username, password, ID number, cellphone number, and email address.
2) After that, you can log in with your chosen username and password.
3) Click the “apply” button to complete the application form.
4) Please keep in mind that you can upload electronic versions of your supporting documents once you’ve filled in all of the needed information (don’t leave any fields blank) (as listed below). After you’ve uploaded all of your documents, click the “submit” button to get your reference number.
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