How Many Students Does NSFAS Fund

How Many Students Does NSFAS Fund: The South African government founded NSFAS to give financial assistance to students who would otherwise be unable to afford higher education. The major purpose of the plan is to encourage equal access to education while reducing the financial burden on students and their families. The National Student Financial Aid Scheme (NSFAS) invests R47.3 billion to support the tertiary education of 691 432 students, 462 983 of whom are female approved applicants and 227 072 of whom are male approved applicants. 362 482 is for returning students, whereas 136 460 is for new students.

NSFAS forecasted a 10% increase in student numbers throughout all TVET academic cycles, totalling 395,000 students. NSFAS provided temporary financing for 380,000 TVET College students in this regard.NSFAS provides support to 240 790 SASSA students and 1 770 students with disabilities.

READ: Colleges With NSFAS 2024

Allocation Of NSFAS Funds

NSFAS funding covers various aspects of a student’s educational expenses including;

Tuition Fees: NSFAS pays the whole tuition cost for qualifying students, allowing them to enrol in classes without financial restraints.
Accommodation: The plan also provides financial assistance for accommodation for students, easing one of the biggest financial burdens connected with higher education.
Book Allowance: NSFAS provides book allowances to students to assist them in purchasing required study materials.
Living Allowance: Eligible students are provided with a living stipend to help with day-to-day expenses while studying.

In order to assure value for money, NFSAS takes a proactive role in NSFAS-funded student accommodation. This includes standardizing the cost and quality of student accommodations by rating them, resulting in a uniform charge based on the grade of each kind of accommodation.

READ: NSFAS For TVET College

How To Create A myNSFAS Account

Follow the detailed steps below to create your mynsfas account;

Go to https://www.nsfas.org.za/ and click REGISTER. Consent to NSFAS verifying your information with third-party sources by checking the relevant box when consent is requested.

(This will enable NSFAS to check your details against Home Affairs. The student must check and confirm that the information given is correct).

Fill out all of the required fields and upload a copy of your ID.
To complete the account registration, click submit. On the cellphone and email address you supplied, you will get a message with a one-time PIN.
Enter the One Time Pin and press the Submit button.
A confirmation message will be issued to the student to confirm the creation of the profile.

Click here for NSFAS student fund PDF

READ: NSFAS TVET C olleges

Contact NSFAS

Email: info@nsfas.org.za
Facebook: National Student Financial Aid Scheme
Twitter: @myNSFAS
Instagram: @myNSFAS
WhatsApp: +27 78 519 8006
USSD:*120*67327#

NSFAS is very helpful in ensuring that all students in South Africa have access to higher education, regardless of their financial circumstances. The program’s commitment to paying hundreds of thousands of students each year has a tremendous influence on individual lives as well as the future of the country. Visit the official website of NSFAS for more information.

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