NSFAS Applications Updates : For the 2023 academic NSFAS has received more than a million funding applications. Deputy Minister of Higher Education, Science and Innovation Buti Manamela announce this during his recent update on NSFAS funding.
Manamela was explaining that the scheme has already approved funding applications from more than 100,000 NSFAS applicants, as they met the criteria needed by the scheme to receive immediate funding confirmation.
One of the main qualifying conditions for the NSFAS bursary is that applicants have a combined household income of less than R350,000 for able bodied students and R600,000 for students living with disabilities.
Who qualifies for instant funding confirmation?
Students who are beneficiaries of SASSA social grants have already met this income threshold criteria. Due to their status as a SASSA grant recipient, theis NSFAS applications will be instantly approved.
“To date, the scheme has received over 1 million applications and only 130,000 of these are SASSA beneficiaries and have been instantly funded,” said Deputy Minister Manamela.
Nsfas applicants who are not Sassa grant beneficiaries will have to wait until NSFAS receives confirmation that they have received an academic offer to study at a public university or Technical and Vocational Education and Training college before their funding is confirmed.
Manamela explained “The Minister wished to also remind students that application results will be communicated to all applicants once NSFAS has received confirmation from the institution that an academic offer has been made. This will be communicated to all students via SMS, email and through students’ myNSFAS accounts.”
The Minister of Higher Education, Science and Innovation Blade Nzimande will host a media briefing to announce the Post School Education and Training sector’s state of readiness for the 2023 academic year.
NSFAS provides comprehensive bursaries to students from poor and working-class backgrounds. The financial aid scheme will cover a student’s tuition fees and provide students with living, transportation, and stationery allowances.
NSFAS applications for the 2023 academic year are still open. Interested individuals can submit a NSFAS applications if they meet the qualifying criteria.
