The Department of Higher Education and Training (DHET) is making preparations to ensure that the National Student Financial Aid Scheme (NSFAS) can allocate student funding to tertiary students for the 2023 academic year.
Higher Education Minister, Blade Nzimande will officially announce the opening of 2023 NSFAS applications on Tuesday 27 September 2022 at 16:00.
The minister will also go through other recent events about the bursary program's status, including the application procedure, during his media conference. He will also provide an update on NSFAS's support.
The minister will also discuss other recent events affecting the bursary scheme's current status, particularly the application procedure. Additionally, he will provide an update on the assistance that NSFAS has given to students.
To date, there are currently 691,432 students for the 2022 academic year, with 462,983 being female and 227,072 being male students according to NSFAS.
Following the financial shortage, the Department of Higher Education and Training provided R47,3 billion to NSFAS for the 2022 academic year, covering both TVET colleges and public universities.
The government established NSFAS per the NSFAS Act (Act 56 of 1999) to provide financial aid to disadvantaged students who want to continue and complete their studies at public universities or TVET colleges.
