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The National Student Financial Aid Scheme

The National Student Financial Aid Scheme homepage
Author The National Student Financial Aid Scheme. Screenshot of The National Student Financial Aid Scheme website.
[Accessed January 31, 2023]

NFSAS - We will help you get financing for the education you deserve

NSFAS will help you to get the best education possible to reach your goals.

The government has a budget for higher education through the Department of Education. This is then filtered to NSFAS, which subsequently provides financial aid to students in need.

They are changing the lives of young and ambitious students who wish to make a life for themselves, despite not having the finances to do so.

What is covered by the study loan

Accommodation is included as well as transport of R7,500 per year within a radius of 40 kilometres from the university, and a living allowance of R15,000 per annum. R 5,200 is given for the purchasing of textbooks and there is also an R2,900 allowance for personal care.

Students with disabilities will also receive funding, university allowance support, and equipment like wheelchairs, and special computer devices according to their needs.

Their staff is committed to assisting you

NSFAS’s caring and passionate staff are all about helping you find the most amazing student loan to open doors for your future. They will take their time to find out exactly what your interests are and how they can assist you with the advice and support you need.

Get your study financing on track

The repayment will be based on your salary once you start working so there is no given time limit. If you are unemployed, they will not expect payment from you.

Repayment amounts

To make payment arrangements you can email their kind and professional staff and they will be more than happy to assist you with any concerns regarding payments.

Based on your yearly income you will have to pay a low-interest rate of 3% on a salary of R30,000 per annum. An increase of an additional 1% for every R6,600 you earn above R30,000 per annum.

The NSFAS wallet

You will be able to draw money and spend it at any business registered by NSFAS. Make sure that you have access to the cell phone number you provided upon application, this number will be used for the deposit of your funds. They will also communicate with you using this number.

The withdrawal amounts range from R200 up to a maximum of R1,000 per day. Stores available to draw cash are Checkers, Boxer, U-Save, and selected spar stores.

The NSFAS Digital Learning Device Programme

Part of the government’s mission is to ensure that teaching is not affected by unforeseen events. NSFAS will supply learning devices for students to ensure that they always have access to education.

The National Student Financial Aid Scheme – Student loan

  • Loan Type Student loans

Benefits of The National Student Financial Aid Scheme

  • Funding for higher education
  • Finance for poor and working-class families

Student loan calculator

The interest rate of a loan will vary based on your credit score and risk profile.
This student loan calculator is for illustration purposes only.
The use of this loan calculator is subject to our terms of use.

NSFAS is the financial aid of choice when you’re set to start pursuing your education goals

To apply for a student loan you will need a certified copy of your identity document. If you are dependent on your parents or guardian, you will need a certified ID copy and a payslip.

In a case where you are employed and don’t have a guardian or parent, you will need to provide a payslip or letter of employment.

Those with disabilities need to complete the disability annexure. If you are an orphan, you will need to provide a declaration form with the needed documents attached.

Follow these easy steps to create an NSFAS account

  • Go onto the NFSAS website and click on the “my NSFAS tab”
  • Fill in your ID number, full name and surname, email address, and contact details
  • Click on the “accept” option for NSFAS to verify the information you entered
  • The username will be your email address and you will have to create a password
  • Upload a copy of your ID and choose the register option
  • You will receive an OTP via email and SMS
  • Enter the OTP in the tab provided and click submit
  • An SMS and email to confirm that you’re my NSFAS account has been created

NSFAS will have you covered

NSFAS wants to have a positive impact on your life. Apply today for financing with them and comfortably complete your tertiary education.

The National Student Financial Aid Scheme benefits

  • Funding for higher education.
  • Quick and paperless online application.
  • Repay the study loan when you have completed your studies.
  • Kind and professional staff.
man holding thumbs up

The National Student Financial Aid Scheme is a trusted & reliable provider of student loans

In our review, The National Student Financial Aid Scheme adheres to the compliance criteria in accordance with the National Credit Act, where the granting the loan will not cause financial distress to the consumer.

✅ The National Student Financial Aid Scheme is a registered credit provider in South Africa: NCRCP2655

Customer Reviews & Testimonials

January 2021

Without NSFAS, I don’t think I would have had the privilege to build such a great career.

Nombuso M
— Port Shepstone —

May 2021

I was able to pay my NSFAS loan and finish paying in a short period of time because of the low rates I had on my credit plan.

Sandra B
— Nelspruit —

October 2021

Applying for an NSFAS loan was quick and easy. I didn’t encounter any problems with their online system.

Zelda V
— Boksburg —

The National Student Financial Aid Scheme Contact

Physical Address

  • House Vincent 2nd Floor, 7700, 10 Brodie Rd Cape Town Wynberg 7800 South Africa
  • Get Directions

Postal Address

  • Private Bag X1, Plumstead, 7801, South Africa

Opening Hours

  • Monday 08:00 – 17:30
  • Tuesday 08:00 – 17:30
  • Wednesday 08:00 – 17:30
  • Thursday 08:00 – 17:30
  • Friday 09:00 – 17:30
  • Saturday 09:30 – 13:00
  • Sunday – Closed