The University of the Free States (UFS) has recently confirmed that they will receive the funds for NSFAS bursary allowances on Friday 8 April 2022.
The National Student Financial Aid Scheme (NSFAS) confirmed in a circular this week that monies will be paid to universities on 8 April 2022.
The university further stated that this will be the first payment they will have received from the bursary scheme this year, as per the media statement by Higher Education Minister, Blade Ndzimande.
UFS further points out that, through engagements with stakeholders such as the Institutional Student Representative Council (ISRC), they have agreed on the following process for book and meal allowances to be transferred to students’ bank accounts as soon as possible:
- As in the past, the services of Fundi will be used to pay the allowances to students.
- Fundi will inform the recipients of monies received for them.
- After the banking details of students have been validated, monies are transferred to a student’s bank account. Fundi will inform students whose banking details are incorrect to rectify it on the Fundi website.
- Students who have not received payments before, will be requested to upload their banking details on the Fundi website, after which payment will be made.
The university also anticipates that students whose bank accounts are with Standard Bank will receive their notice of payment of their allowance as soon as Friday, 8 April 2022.
Students who bank with other banks will get their payments within two business days, subject to the inter-banking money transfer policies of the various banks.
NSFAS funded students are advised to do the following to ensure that their bursary allowance payments are carried out without any hassles:
- Ensure that you upload the correct banking details.
- Upload your OWN banking details, not the banking details of friends or family.
- Ensure that your cellphone number is correct and active on PeopleSoft.
- Respond as quickly as possible to SMSes received from Fund
