TVET college students who wish to apply for funding from the National Student Financial Aid Scheme (NSFAS) have until 4 August 2017 to apply.
The scheme, which is an entity of the Department of Higher Education and Training, says that only applicants who intend studying or are already studying at public TVET colleges, should apply. This application date does not apply not apply to students who wish or are studying at universities.
Only manual applications will be accepted. Applicants should drop their completed application forms and supporting documents at the financial aid offices of their nearest public TVET college.
No late applications will be processed.
Applications for funding for 2018 will be accepted from 1 August 2017.
The scheme introduced a student-centred model in 2016 which enables NSFAS to manage a direct relationship with the applicants and NSFAS funded students.
Loans and bursaries are granted to individual students by NSFAS once it has assessed a student’s financial need and academic performance.
Direct communication with the student
Thereafter, students are notified directly by NSFAS of assessment application results. This means that NSFAS is in direct communication with the student, starting with his or her first year registration until the completion of studies;
Student funding for fees paid directly to higher education institution
Once a student is approved, NSFAS allocates funding for the student and pays it directly to the institution to fund their tuition costs. Registration fees are paid faster and more efficiently.
Allowances and the sBux system
Eligible students are allocated allowances directly through the sBux system. This enables a student to receive and spend their allowances using their mobile phone.
Allowances for accommodation, transport, food allowance and textbooks are provided to support a student academically through their student life cycle.
Tracking academic progress
The model also allows NSFAS to track the student’s academic progress.
One-time funding application
Furthermore, a student need only apply once for funding, and not every year.
Enquiries can be made via the share call line on 0860 067 327 or email.