Nsfas Terms And Conditions
Nsfas Amount Terms And Conditions; Nsfas Policy PDF
Nsfas a government agency that is governed by law(legal policies) has put in place terms and conditions between them and the users of the scheme. Terms and conditions can be defined as the legal agreement between Nsfas and students. Every student who agrees to apply for the Nsfas bursary support must be willing to abide by the rules and conditions of the scheme.
Failure To go by the conditions of Nsfas will automatically terminate the agreement between you and Nsfas.
Nsfas Terms And Conditions 2024
below are the terms and conditions that bind Nsfas and students:
1. T’S & C’S INTRODUCTION
1.1 Welcome to NSFAS. We are excited that we have the opportunity to support you in your effort to accomplish your academic goals. Nsfas Policy PDF
1.2 The NSFAS Bursary Agreement Terms and Conditions is an annexure to the NSFAS Bursary Agreement and
forms part of the NSFAS Bursary Agreement.
1.3 Please ensure that you are familiar with, and fully understand, the NSFAS Bursary Agreement, including the
Terms and Conditions.
1.4 Please remember that NSFAS has a team of friendly and knowledgeable consultants who are available to
discuss any aspect of the NSFAS-administered DHET Bursary Scheme. Kindly contact the NSFAS Contact
Centre on 08000 67327 or email info@nsfas.org.za.
2. WHO IS ELIGIBLE?
2.1 The DHET Bursary Scheme is available to South African citizens who meet prescribed eligibility criteria.
2.2 The various eligibility criteria are set out below.
2.3 Academic Eligibility
2.3.1 Students who have received confirmation of admission into a public higher education institution for an approved funded qualification and who meet the NSFAS criteria for financial assistance shall be eligible for NSFAS-administered funding.
2.3.2 Continuing students must be registered for the relevant academic year and must satisfy the minimum progression requirements of the higher education institution and progression rules in terms of the DHET National Rules and Guidelines.
2.4 Financial Eligibility
2.4.1 The DHET Bursary Scheme will be available to:
2.4.1.1 Students who registered at the higher education institution for the first time in 2018 or thereafter and who are from families with a combined annual household income of up to R350 000 (three hundred and fifty thousand Rand);
2.4.1.2 Students with disabilities who registered at a higher education institution for the first time in 2018 or thereafter and who are from families with a combined annual household income of up to R600 000 (Six Hundred Thousand Rand)
2.4.1.3 Students with disabilities who registered at the higher education institution for the first time before 2018 and who are from families with a combined annual household income of up to R400 000 (Four Hundred Thousand Rand)
2.4.1.4 Students who registered at the higher education institution for the first time before 2018 and who are from families with a combined annual household income of up to R122 000 (one hundred and twenty–two thousand Rand); and
2.4.1.5 Students who are recipients of grants administered through the South African Social Security Agency (“SASSA”) will automatically qualify for NSFAS funding.
2.4.2 NSFAS has verified the household income declared by the student and assessed that the financial eligibility of the student’s household income is within the parameters set out in 2.4.1 above.
3. BURSARY AMOUNT
3.1 Successful NSFAS applicants shall be eligible for NSFAS student financial aid in the form of a bursary. Nsfas Policy PDF
3.2 The Bursary Amount per annum will be an amount equal to the actual cost of tuition for the qualification, and other related costs as prescribed in the DHET National Bursary Rules and Guidelines less any other bursaries or funding support received from other funders.
3.3 The study costs charged by the higher education institution shall be paid as a credit to the student’s account at the higher education institution.
3.4 All payments to the higher education institution shall be made by the intervals agreed between NSFAS and the higher education institution. Nsfas Policy PDF
3.5 Any part of the Bursary Amount that has not been utilized by the higher education institution to defray the costs of tuition and related costs (as prescribed by the DHET National Rules and Guidelines) shall be returned by the higher education institution to NSFAS, and the Bursary Amount will be reduced accordingly.
3.6 NSFAS will be entitled if it so chooses after this Agreement has been signed but before any part of the Bursary, Amount has been paid to the higher education institution, to amend the Bursary Amount.
3.7 NSFAS will not be obliged to notify the student of any amendments made in terms of clause 3.6 above, other than by recording the outstanding balance of the bursary amount. That amended amount will constitute the Bursary Amount for this Agreement.
4.1 The allocation of allowances shall be determined under the prevailing DHET National Rules and
Guidelines as published from time to time. Nsfas Policy PDF
4.2 The student shall only receive those allowances that have been allocated to him/ her by clause 4.1.
4.3 The student can access allowances in one of two ways:
4.3.1 as a direct deposit paid by NSFAS or its duly appointed agent, directly into the student’s bank account;
or
4.3.2 in the form of an NSFAS Wallet voucher which is redeemable at participating NSFAS–Wallet vendors. Nsfas Policy PDF
4.4 The following clauses relate to the allowances deposited directly into the student’s bank account:
4.4.1 the student shall be responsible for providing the correct banking details to NSFAS during the application
process;
4.4.2 the student shall be responsible for protecting his/her bank account details, including the bank account
PIN and shall not share his/her bank account details with any person; and
4.4.3 the student shall immediately notify their bank of any breach of banking details.
4.5 The following clauses relate to allowances accessed by way of the NSFAS–Wallet platform:
4.5.1 the student shall be responsible for providing the correct mobile number details to NSFAS during the application process;
4.5.2 the student shall be responsible for protecting his/her NSFAS Wallet account details, including the account/ voucher PIN, and shall not share his/her account details with any person;
4.5.3 the student shall immediately notify the NSFAS of any breach of NSFAS Wallet details;
4.5.4 by signing the Bursary Agreement, the student shall be deemed to have agreed to the NSFAS–Wallet Terms and Conditions which NSFAS may amend from time to time;
4.5.5 subject to such terms and conditions as NSFAS deems appropriate, the student’s NSFAS–Wallet account will be credited with an amount equal to the allowance allocation provided for in clause 4.2 above;
4.5.6 any part of any allowance redeemed by the student at an NSFAS–Wallet vendor will reduce the amount of that allowance by the amount so redeemed;
CONTACT NSFAS
For any queries related to this bursary program, please contact NSFAS directly:
- Tel: 0860 067 327
- Email: info@nsfas.org.za
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.