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The number of students funded by the National Student Financial Aid Scheme (NSFAS) is set to decrease due to budget cuts. However, the fund has revealed its plans on how to mitigate the impact of a smaller purse. 

The 2024 academic year in the Post School Education Sector (PSET) is less than two months away. Stakeholders in the sector recently addressed several concerns ahead of the upcoming academic year. 

While NSFAS is recognised as a critical government intervention which removes the financial barriers which prevent students from obtaining qualifications, several challenges have plagued the scheme. However, the minister is adamant that NSFAS is improving. 

Applications for South Africa’s most popular bursary are open and thousands of students have already been approved for NSFAS funding. However, a stern message has been sent to individuals who may want to defraud the financial aid scheme. 
 

More than a million students were funded by NSFAS during 2023. The number of funded students is expected to grow as thousands of students have already been provisionally funded for 2024. 

More than a million students are currently being funded by the National Student Financial Aid Scheme. The number of funded students is expected to grow as 2024 bursary applications are open, with new eligibility requirements for students 

In 2023, students will be able to apply for National Student Financial Aid Scheme (NSFAS) bursaries on the schemes new mobile application for 2024 funding. However, several fake NSFAS applications have been set up putting students personal information at risk. 

The future of student funding has been a topic of wide discussion and debate throughout the 2023 academic year. In a briefing regarding the future of NSFAS funding, Minister Blade Nzimande shared government’s future plans for alternative student funding methods.

South Africa's largest bursary scheme has officially opened 2024 applications. The minister believes improvements made by the scheme administering funding will make it easier for students to apply. 

NSFAS currently funds more than one million students in tertiary education in South Africa. This number is set to grow as the financial aid scheme has officially opened 2024 NSFAS applications.