The National Student Financial Aid Scheme (NSFAS) has confirmed what a ‘Provisionally Funded Subject To Registration And Availability Of Funds' status means’
NSFAS provides comprehensive bursaries and student loans to deserving learners enrolled in approved courses at universities and Technical and Vocational Education and Training (TVET) colleges. This includes money for tuition and registration fees as well as several allowances for food, accommodation and learning materials.
'Provisionally Funded - Funded Subject To Registration And Availability Of Funds' NSFAS Status Meaning
The provisionally funded meaning isn't very well know. So what does provisionally funded mean? In short it means that you are NSFAS provisionally approved.
The ‘Provisionally Funded’ status indicates that the applicant is approved for funding, but NSFAS is still awaiting registration data from the student’s institution after a student has registered for that academic year.
You will see the message "Funded Subject To Registration and Availability of Funds".
What does provisionally funded mean?
This means that students with this application status can relax knowing that as soon as they register, their funding will be confirmed for NSFAS.
So when you know you are NSFAS provisionally funded you can relax a little bit.
This is because the NSFAS funds for the tuition fees are not paid directly to the student. NSFAS will pay the money for the student fees to the university or TVET College where you are registered.
This is why although you can definitely apply at more than one university or college - you must only 'register' once. You cannot study two full-time courses at the same time - and NSFAS will definitely not fund you at two institutions. So only register at one institution and they NSFAS will send the money for your tuition fees to that university or college.
Availability funds refer to NSFAS’ budget. Should NSFAS have the necessary funding, the student will receive comprehensive funding from NSFAS.
In the last few years, NSFAS has been able to fund all approved applicants.
Who Will Be Approved For NSFAS Funding
South African citizens and Permanent Residents with a combined household income of less than R350,000 per year are eligible for the NSFAS bursary. SASSA grant recipients qualify automatically.
For those who do not meet the bursary criteria, the NSFAS loan scheme is available for students from families earning between R350,000 and R600,000 annually.
Students must be enrolled in an approved course at a University or TVET college to be funded by NSFAS.
NSFAS urged students to provide accurate information, especially regarding parental income, when applying for NSFAS funding.
