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Name of the Organization : NSFAS National Student Financial Aid Scheme
Type of Facility : Apply For Student Bursary
Location :Cape Town
Country : South Africa
Website : http://www.nsfas.org.za/

NSFAS Student Bursary

A NSFAS bursary is the money you receive to cover the costs of your studies for certain qualifications at any public university or college in South Africa. This money does not have to be repaid to NSFAS.

Related : NSFAS Student Loans Online Application For University Students South Africa : www.statusin.org/1640.html

We administer various bursary funds, including :
** The Funza Lushaka Bursary Programme to train teachers
** Bursaries for studying Social Work through the Department of Social Development
** Bursaries from the National Skills Fund for scarce skills

** Bursaries for the National Certificate (Vocational) and for certain Report 191 courses at FET colleges
** The bursary programme of the Department of Higher Education and Training for students with disabilities.

How is part of a NSFAS loan converted into a bursary that does not have to be repaid:
Up to 40% of your student loan may be converted into a bursary and does not have to be repaid, depending on your year-end results. NSFAS checks these results with the university at the end of every year of study.

Final Year Programme :
Students in their final year of study, who will qualify to graduate at the end of the year, are eligible to be funded through the Final Year Programme. This is a special funding programme which was launched by the President in 2011. If you graduate in your final year, the loan is converted to a 100% bursary. Students can only benefit from the Final Year Programme once.

How do these bursary conversions show on NSFAS accounts :
** Bursary rebates and your credit balance appear on your statement when NSFAS receives your academic results and refunds from the university. This takes place at the end of the NSFAS financial year in April.

** Your academic results are used to calculate any bursary rebates : for example, 40% of your student loan will be converted into a bursary if you pass all courses; if you pass half of your courses, then 20% of the student loan will be converted into a bursary. If you don’t pass any courses, you will not receive any bursary rebate for that academic year and you will have to repay 100% of your student loan.

For More Details : http://www.nsfas.org.za/NSFAS/STUDENTS/BURSARIES

About Us

To transform NSFAS into an efficient and effective provider of financial aid to students from poor and working class families in a sustainable manner that promotes access to, and success in, higher and further education and training, in pursuit of South Africa’s national and human resource development goals.

Contact Us :
NSFAS National Student Financial Aid Scheme
Private Bag X1, Plumstead 7801,
South Africa