The National Student Financial Aid Scheme (NSFAS) offers student loans to students who don't qualify for NSFAS funding. This NSFAS loan is for both undergraduate and postgraduate students.
NSFAS Loan Scheme Launched
The NSFAS loan scheme forms a part of the Comprehensive Student Funding Model.
Rejected NSFAS bursary applicants will automatically be re-assessed for eligibility under the missing middle loan scheme.
How To Apply For A NSFAS Student Loan
NSFAS student loan application forms can be accessed through the NSFAS website. Applicants should follow these steps:
- Go the NSFAS website
- Click on the 'myNSFAS' button
- Click on 'Create a profile'
- Fill in the required fields
- Log in
- Submit the application
NSFAS Student Loan Requirements
- Annual household income is between R350 000-R600 000
- Studying at a public TVET College or public University
- Undergraduate or postgraduate students
- Can apply in years 1, 2, 3 or 4
- Must achieve average of 60% in their course work to continue funding
NSFAS missing middle loans will have a particular emphasis on Science, Technology, Engineering, and Mathematics (STEM) programmes, constituting 70% of beneficiaries. The remaining 30% will be allocated to Humanities and social science programmes.
Once students are approved, they would need to sign a NSFAS loan agreement.
If the students perform well, up to 50% of the student loan can be converted to a bursary.
