The National Student Financial Aid Scheme

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.

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.