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National Student Financial Aid Scheme (NSFAS) loan

NSFAS

If you are a South African citizen you may be eligible for a National Student Financial Aid Scheme (NSFAS) loan for study at one of the country’s public higher education institutions. The NSFAS, a statutory body funded by the Department of Education, provides study loans to academically able but financially needy students. Much of an NSFAS loan can be converted into a bursary, which does not then need to be repaid, depending on one’s academic progress. A 100% pass rate would result in a 40% bursary rebate on an NSFAS loan. The size of the initial NSFAS loan ranges from R2 000 to R30 000. You should apply at your university’s financial aid office. (See the list of university websites on the right.)  

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