What A 'Funded' NSFAS Status Means


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You've applied for NSFAS funding and received a "Funded" status. Here's what this means and what you need to do next.


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The National Student Financial Aid Scheme (NSFAS) provides the NSFAS bursary which offers to cover all a student needs. This funding includes money for tuition and registration fees as well as several allowances for food, accommodation and learning materials. 

If you applied and found that your NSFAS status is 'Funded', this article is for you as we will dive into what this NSFAS status means and what to do next.

What Your 'Funded' NSFAS Application Status Means

A 'Funded' NSFAS status means that NSFAS has approved you for funding. Congratulations!  

Receiving a "Funded" status signifies you've met the eligibility criteria for NSFAS funding. This includes:

  • South African citizenship or permanent residency
  • Enrollment (or planned enrollment) at a public university or TVET college
  • Financial need as determined by NSFAS assessment

However, there are key conditions you need to meet to make sure that NSFAS makes payments for your tuition and allowances

What To Do Next

After seeing this status, there are two more steps you need to take to start your journey as an official NSFAS funded student. They are as follows:

Registration: You must successfully register at your chosen university or TVET college when registration opens. NSFAS awaits confirmation from the institution to finalize your funding. Once they receive your registration data, they will soon commence with NSFAS payments.

Fund Availability: NSFAS relies on a designated budget. While your pre-approval is a positive sign, it's crucial that funds remain available for your specific academic year. NSFAS typically has a budget available to fund everyone.

Submit details: You will need to submit banking details to your institution/NSFAS to make sure they know where to transfer NSFAS funds for your allowances.

A "Funded" NSFAS status puts you one step closer to achieving your academic goals. By registering promptly and staying informed, you can secure the financial support you need to thrive in your educational journey.

Suggested Article:

nsfas office

Navigating NSFAS can be a daunting process for many students, but staying informed about your application status is crucial. One of the key milestones in the NSFAS journey is the "Registration Received" status.






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Post-Matric Options

 

We helped you with past papers for your matric exams, so hopefully you are happy with your Matric results. So now you are faced with a lot of post-matric options that can shape your future paths. You might want to study law, teaching, or nursing. Of course studying is expensive so we have helpful advice about student loans, NSFAS bursaries, Fundi loans, ISFAP, and lots of other funding options.

These options range from pursuing higher education at universities , TVET Colleges or  private colleges, finding student accommodation, entering vocational training programs (like Learnerships and internships), joining the workforce, or even starting your own business. There are so many choices but we are here to help.

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