The National Student Financial Aid Scheme (NSFAS) emphasises the importance of students providing the scheme with accurate and up-to-date information at all times. Failure to ensure accurate information is provided to NSFAS could affect a student’s funding.
NSFAS provides comprehensive bursaries and student loans to deserving students enrolled in approved courses at universities and TVET colleges. NSFAS funding covers tuition and registration fees, as well as several allowances for food, accommodation, and learning materials.
It is vitally important that students provide accurate and complete information to NSFAS.
NSFAS explained that student must provide any details relevant to their NSFAS funding that could affect their eligibility. This includes promptly notifying NSFAS of any changes in circumstances.
NSFAS is committed to providing institutions with timely and accurate funding decisions. However, funding may be immediately cancelled if it is granted based on inaccurate, incomplete, or outdated information. In such cases, NSFAS reserves the right to reclaim any disbursed funds.
If financial aid is extended to any person based on inaccurate, incomplete and/ or outdated information, NSFAS reserves the right to cancel such funding with immediate effect and claim back all funds already disbursed based on such inaccurate and/ or incomplete and/ or outdated information
NSFAS warned that if a bursary is awarded based on falsified information, NSFAS may cancel the funding and pursue legal action against the student, their parents, or legal guardians.
In the event NSFAS awards a bursary to a student based on falsified information, the Accounting Authority can cancel the funding and instruct legal proceedings against the student, their biological parents or legal guardians.
Similarly, any funding awarded to an ineligible individual will be immediately cancelled, and NSFAS may reclaim disbursed funds and report the matter to law enforcement.
