5 Important Changes NSFAS is Making for 2017
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The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017.
NSFAS chairperson Sizwe Nxasana explained in detail how the comprehensive model will work.
There are a number of issues which the current model of NSFAS does not address.
— Sizwe Nxasana, NSFAS chairperson
5 Things NSFAS Will Consider Changing in 2017
1. The new funding model will have a relative means test to determine a family’s disposable income to include the so-called ‘missing middle’.
2.To address the high dropout rate of poor students from tertiary institutions, the model will provide extra academic and psychosocial support in addition to funding.
3. The new model will seek funding from government and alternative sources such as the private sector, financial institutions and NGOs.
4. The model will work with universities and employers to provide incentives for programmes that lead to graduate employment.
5. NSFAS says those who are beneficiaries and refuse to repay their loans will face normal debt repayment processes.
OTHER GREAT OPPORTUNITIES
Applications for NSFAS 2017 now open, closes 30 November
All students who will register at public universities/ TVET colleges for their first time in 2017 and in need of financial support, can now apply directly to NSFAS for financial assistance. Applications will remain open between 01 August 2016 and 30 November 2016.
To all 2017 first year students
All students who will register at public universities/ TVET colleges for their first time in 2017 and in need of financial support can now apply directly to NSFAS for financial assistance. Applications will remain open between 01 August 2016 and 30 November 2016.
To all current university/ TVET college students already funded by NSFAS
All students who are already studying in a university/TVET college with NSFAS financial assistance – and those who studied through NSFAS previously and dropped out, and now plan to resume their studies in 2017 – do not need to apply for NSFAS funding for the 2017 academic year.
NSFAS is in a process to receive all your information and details from the university/college where you are currently enrolled. You will be automatically migrated to the student-centred model, and will be notified by SMS/post once NSFAS has received and registered your details.
To all current university/TVET college students, who are not funded by NSFAS, but intend to apply for NSFAS assistance for the 2017 academic year
All the above mentioned students – including those who were previously on a government funded bursary programme not offered by NSFAS – can apply for NSFAS financial assistance for the 2017 academic year from 01 September 2016 to 30 November 2016.
To apply on the NSFAS website, you will be required to register first to create your personal online account, and then proceed to fill and submit the application form online. You may need about 30 minutes to complete this online process, and must also have scanned copies of the following required attachments:
Identity Document/Birth Certificate
Last Academic Results
Proof of parents income (If parent/s employed)
Death Certificate/s (If parent/s deceased)
Doctor’s Certificate (If permanently disabled)
How to Apply