NSFAS NBA

NSFAS NBA

Like many other countries, South Africa understands the value of higher education in empowering its people and promoting national growth. The government created the National Student Financial Aid Scheme (NSFAS) National Bursary Agreement (NBA) to guarantee that deserving students have access to quality education. In this post, we’ll go into NSFAS NBA, how it works, and how students may benefit from this important financial assistance program.

The NSFAS NBA is a financial aid scheme designed to help South African students pursue higher education. Its principal goal is to reduce the financial burden on students, ensuring that they have access to higher education, and contributing to the country’s knowledge workforce.

READ: Does NSFAS Fund 6 Months Courses?

How To Sign NSFAS NBA

NSFAS NBA provides financial support to eligible students, which can include covering tuition fees, accommodation, and other essential expenses. Students who are funded by NSFAS for the first time are required to sign the NSFAS Bursary Agreement form. Follow the steps below to sign your NBA form;

Step 1

You will receive an email with a link to sign online, click on the link to proceed

Step 2

After inserting your ID number, you will receive a One Time Pin (OTP) through an SMS to your registered cell phone number.

Step 3

Type in the received OTP to continue with the signing of the agreement.

NB: When you are completed, you will see on the screen that the Terms and Conditions have been submitted. This implies you have signed your NSFAS bursary agreement successfully. If you are under the age of 18, your parent or legal guardian must sign on your behalf.

READ: NSFAS Online Application 2024

Features Of NSFAS NBA

The NSFAS NBA performs the following functions;

Financial Assistance:

The NBA provides financial assistance to qualifying students, which might include funding tuition, housing, and other necessary expenses.

Means-Tested:

Eligibility for NBA is established by a means test, which takes into account the student’s family’s financial situation. Those from lower-income families have a better chance of obtaining assistance.

Repayment Structure:

Unlike a loan, the NSFAS NBA is structured as a bursary, which means that if the student passes specific academic conditions, a portion of the money may be turned into a grant. This avoids the need for early repayment, which reduces the financial load after graduation.

Academic Progress Requirements:

In order to remain eligible for NBA, students must satisfy specified academic progress standards. This pushes students to achieve in their education while still receiving financial assistance.

READ: Will NSFAS Fund Education Students In 2024/2025?

NSFAS Contact Details

NSFAS Virtual Contact Centre

We are available to assist through the following channels: