Is Nsfas Funds A Bursary Or Loan
NSFAS is a bursary programme supported by the Department of Higher Education and Training for students who lack the resources to pay for their education and are unable to acquire bank loans, study loans, or other forms of financial aid.
Do you wish to study or are already studying at a public university or TVET college and come from a family with an income of R350 000 or less then the Nsfas bursary is here to support you?
Previously, NSFAS financial assistance came in the form of loans, which must still be repaid after you secure a job after finishing your education.
For that particular year/semester, 40% of the NSFAS funds were turned into a bursary if you passed all of your subjects.
This indicates that after you begin working, you will only have to pay back 60% of the bursary and not the full 100%.
Is Nsfas A Bursary Or Loan For Every Body
The Nsfas bursary is there for all South Africans who fall under the following category:
Read: Nsfas Bursary Requirements 2023
What Does The Nsfas Bursary Or Loan Cover
Apart from Nsfas paying for registration fees, tuition fees, learning materials and more, they also provide financial allowances to student to pay for the following:
UNIVERSITY STUDENTS:
TVET COLLEGE STUDENTS:
How To Apply Nsfas 2023-2024
Follow the process below to apply online for the Nsfas:
CONTACT NSFAS
For any queries related to this bursary programme, please contact NSFAS directly:
Hope the information given has been helpful to you, leave your comments in the comments section. Better still you can visit the official website of NSFAS for more details.
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