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NSFAS Applications Extended to 2024

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NSFAS Applications Extended to 2024

NSFAS Applications Extended to 2024. The National Student Financial Aid Scheme (NSFAS) has announced an extension for the 2024 application period, providing an opportunity for those yet to apply. The new closing date is set for February 15, 2024.

Check Also: ZA Student Portal

Application Statistics and Progress

As of the recent statement from NSFAS, a total of 1,745,226 applications have been received. Among them, 940,682 applications are provisionally funded, while 269,915 await evaluations. Notably, 48,643 applications have been withdrawn, and 232,559 are in progress. Additionally, 136,531 applications are in the NOT-STARTED status, where profiles were created but no applications were submitted. NSFAS has rejected 102,201 applications, and there have been 1,093 appeals lodged.

Mandatory NSFAS Consent Form

NSFAS emphasizes the importance of downloading and uploading a completed consent form, available on the website, myNSFAS portal, or mobile app. This form is crucial for verifying applicant information, including details about the employment status and income levels of parents, guardians, and spouses.

Applicants with specific NSFAS statuses, such as Awaiting Evaluation, Financial Eligibility, and Application in Progress, should await further instructions via SMS or email regarding the Consent Form. However, Sassa beneficiaries are exempt from this requirement, as they are not subject to financial eligibility checks.

NSFAS Loan Scheme

Applications for the NSFAS loan for missing middle students are also open until the extended deadline of February 15. Notably, students who previously applied for the NSFAS bursary scheme do not need to submit a new application for the student loan scheme. Those who did not meet the bursary scheme’s eligibility criteria but meet the loan scheme’s criteria will automatically be considered for a loan.

Conclusion

The extension of the NSFAS 2024 application deadline provides a second chance for those yet to apply. The statistics reveal a substantial number of applications, emphasizing the importance of timely completion and submission. Applicants should also ensure compliance with the NSFAS consent form requirements. As the deadline approaches, students are encouraged to take advantage of this opportunity for financial assistance.

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NSFAS News

How NSFAS Allowances Paid To Students

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How NSFAS Allowances Paid To Students

How NSFAS Allowances Paid To Students. More than one million students in South Africa benefit from comprehensive bursaries provided by the National Student Financial Aid Scheme (NSFAS). Despite this support, student unions, particularly the South African Students Congress (SASCO), have expressed concerns about the effectiveness of the current funding system and have called for improvements.

Check Also: ZA Student Portal

Challenges Faced by Students

In 2023, NSFAS funded over a million students enrolled in approved courses at universities and Technical and Vocational Education and Training (TVET) colleges. However, the scheme faced challenges in effectively assisting the poor and working-class students due to several issues. These challenges were partly attributed to the implementation of a direct allowance payment system, which led to irregularities and necessitated “consequence management.”

Controversy Over Allowance Distribution

The direct payment system, introduced in 2022, involved four companies handling student allowance payments. However, an investigation revealed potential conflicts of interest, leading to the dismissal of NSFAS CEO Andile Nongogo and termination of contracts with the service providers. Despite this, in 2024, NSFAS required students to register with these same companies for allowance distribution, drawing criticism from SASCO.

SASCO Criticisms and Demands

SASCO has accused the NSFAS Board of hypocrisy for reinstating allegedly irregular service providers. They argue that the current system exploits students, leading to delays, inefficiency, and unnecessary charges. SASCO calls for the implementation of recommendations from the Werksmans report, including terminating contracts with the companies.

Accommodation Crisis

SASCO also criticizes NSFAS for its indecisiveness in addressing the student accommodation crisis. While NSFAS launched an accommodation portal in 2022, SASCO argues that NSFAS has not taken practical steps to increase bed spaces in higher learning institutions and TVET Colleges. They demand immediate action to improve student living conditions.

Conclusion

The current NSFAS funding system faces criticism from student unions like SASCO, who call for more transparency, efficiency, and student-centered approaches. The ongoing controversies highlight the need for NSFAS to address these concerns promptly to ensure that students receive the support they need to succeed in their studies.

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