The National Student Financial Aid Scheme (NSFAS) confirmed that it will start processing payments to institutions and paying student allowances from Friday, 8 April.
In a statement issued on Tuesday, 5 April, NSFAS indicated that it has received the first portion of its budgetary allocation for the first quarter of the financial year.
“An official communication has been sent to all institutions on the allowance payment process. The institutions that have complied with 2022 approved NSFAS Eligibility Criteria and Conditions for Financial Aid will receive payment from NSFAS,” the statement said.
The statement further mentioned that a communique from NSFAS further requests institutions to abide by the funding rules set out in the NSFAS Eligibility Criteria and Conditions for Financial Aid when disbursing funding to students.
This is how you can apply for a bursary:
- You are a South African citizen
- Your combined annual household income does not exceed R350 000 per annum
- You are a SASSA grant recipient
- You are registering for the first time for an undergraduate qualification at a public university or you are registered at a TVET college for one of the National Certificate Vocational or report 191 programmes
- You are applying to study at a public university or TVET college for a qualification
- You are an already registered university student with an annual household income of less than R122 000 per year
You have passed Grade 9 and 10 to receive NSFAS funding to study at a TVET college - You have passed Grade 12 to receive NSFAS funding to study at a university.
Also read:
Stellenbosch student raises money to help students out of debt through graduation
Picture: Pexels
