Latest News on National Student Financial Aid Scheme 2023/2024 Application can be accessed below.
In today’s NSFAS 2024 Application news, we will be updating you on the application starting date For NSFAS 2024 For South Africans.
In a statement issued on Monday, the National Student Financial Aid Scheme (NSFAS) said the applications for 2024 funding will open on 21 November 2023 and close on 31 January 2024.
The reason for opening applications in November is so that NSFAS can afford the beneficiary shorter turn-around times for decision making, which is aligned to the financial eligibility assessment which requires updated South African Revenue Service (SARS) information.
The National Student Financial Aid Scheme (NSFAS) was established in terms of the National Student Financial Aid Scheme (Act 56 of 1999). The mission statement is made up of three distinct elements, which describe why NSFAS exists and its impact on the constituency:
1) NSFAS exists to provide financial aid to eligible students at TVET colleges and public universities
2) NSFAS identifies eligible students, provides bursaries, and collects past student loan repayments to replenish the funds available for future generations of students; and
3) NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study.