Applying for funding from the National Student Financial Aid Scheme (NSFAS) is a lengthy process and requires careful attention. The 'Requesting Financial And Academic Data' NSFAS status is a crucial step in determining whether you meet the eligibility criteria for NSFAS funding.
In this article, we look at what a 'Requesting Financial and Academic Data' NSFAS status means and what to do about it.
'Requesting Financial and Academic Data’ NSFAS Status Meaning
Many students have received a ‘Requesting Financial and Academic Data'’ NSFAS status. The status means that NSFAS is currently awaiting data confirmation to assess financial and academic eligibility.
Academically, applicants must meet the minimum requirements for admission to a tertiary institution, which typically includes passing Grade 12 or equivalent with the qualifications needed to enrol in a higher education programme.
Additionally, applicants are often required to maintain satisfactory academic progress throughout their studies to continue receiving NSFAS funding. This means that they must pass a certain percentage of their courses each year.
Financial eligibility is equally important in determining whether a student qualifies for NSFAS support. NSFAS aims to assist students from low-income households, typically defined as families with a combined annual income below a certain threshold (currently R350,000 per year).
Students whose household income exceeds R350,000 can apply for the NSFAS student loan. Disabled students may have a household income of up to R600,000 to qualify for a NSFAS bursary.
What Should I Do?
Students who have a 'Requesting Academic & Financial Data' NSFAS status don't have to do anything besides stay patient as this is one of the verification and eligibility check processes NSFAS has to undertake to evaluate whether the applicant meets the NSFAS requirements.
The only instance where a student would need to take action is if NSFAS requests documents from the student such as the declaration form, consent form, etc. These forms are important as NSFAS uses third-party data to check eligibility and need a student's consent to undergo these processes.
Applicants are urged to continuously check their NSFAS status to keep up-to-date with the progress of their NSFAS application.
How To Do A NSFAS Status Check
To access your NSFAS application status on myNSFAS,
Step 1: Login on the myNSFAS student portal. This will be your main NSFAS login point on the NSFAS website.
Step 2: Enter your username and password on the NSFAS official website and then click SIGN IN!
Step 3: Click on Track Your Funding Progress to check the NSFAS application status.
Understanding your NSFAS status is essential to successfully securing funding for your education. The "Requesting Financial and Academic Data" status is part of the verification process that ensures NSFAS allocates resources to eligible students.
