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A NEW STUDENT LOAN PROGRAM RISKS NSFAS

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A NEW STUDENT LOAN PROGRAM RISKS NSFAS

A NEW STUDENT LOAN PROGRAM RISKS NSFAS. Universities South Africa raises concern about a new student loan policy that may strain the National Student Financial Aid Scheme (NSFAS).

Check Also: ZA Student Portal

Shift in Student Loan Policy

The NSFAS, traditionally providing grants to financially disadvantaged students, faces a shift. Higher Education Minister Blade Nzimande introduces a loan scheme for households earning between R350,000 and R600,000 annually—labelled the ‘missing middle.’

CEO Perspective|Insights from Dr. Phethiwe Matutu

Dr. Phethiwe Matutu, CEO of Universities South Africa, shared concerns with eNCA, highlighting potential challenges and risks associated with the proposed student loan policy.

Conclusion

While addressing the ‘missing middle’ is a commendable goal, careful consideration and strategic planning are crucial to ensure the sustainability and effectiveness of the new student loan scheme. Stakeholders must collaborate to find a balanced solution that supports accessibility without overwhelming existing aid structures like NSFAS.

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NSFAS News

NSFAS Reapplication If You Dropped Out?

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NSFAS Reapplication If You Dropped Out?

NSFAS Reapplication If You Dropped Out?. The National Student Financial Aid Scheme (NSFAS) provides vital support to students from disadvantaged backgrounds, offering bursaries and loans for education expenses. But what happens if you drop out? Do you need to reapply for NSFAS funding? Let’s find out.

Check Also: ZA Student Portal

NSFAS Funding

NSFAS assists eligible students with tuition, registration fees, and various allowances, enabling them to focus on their studies without financial worries.

Dropping Out and NSFAS

Life circumstances can lead to a student dropping out of their course. Despite this, you can still qualify for NSFAS funding. However, you must take steps to restart your funding.

Reapplying For NSFAS

If you deregister or drop out, you must reapply for NSFAS if you plan to resume your studies in the future. This ensures you remain eligible for funding.

How to Reapply for NSFAS

Create or Log into Your myNSFAS Account

  • If you have an existing account, log in.
  • If not, create a new account on the myNSFAS portal.

Complete the Application

  • Click on ‘Apply’ and answer the questions on the screen.
  • If required, upload any supporting documents.

Submit Your Application

  • After completing the application, click ‘Submit.’
  • You will receive an application reference number.

Maintaining NSFAS Eligibility

Remember, NSFAS will only fund you if you meet the academic eligibility criteria.

Conclusion

If you dropped out of college or university but wish to return to your studies, you can reapply for NSFAS funding. By following the reapplication process, you can resume your education with the necessary financial support.

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