If you’re in need of a financial assistance to study at a tertiary institution then apply for a National Student Financial Aid Scheme (NSFAS) study loan or bursary.
It’s part of the student loans for higher education in South Africa. Education which we all know has been punted as your ticket to a well-paid job, successful career and good lifestyle doesn’t come by easy or cheap. And many families don’t have sufficient savings to support their children throughout university.
The NSFAS loans are available to South African students who are enrolled in one of the 25 public universities of the country. And it’s a financial aid scheme managed by the government.
Also if you not successful with a student loan from private lenders, which includes the big four banks and some independent credit providers. Then in such of the above mentioned situations a NSFAS student loan would be an effective solution.
That’s also if you meet the following criteria you have to have a good academic performance in order to qualify. The granted loan amount is determined on an individual basis. And the repayment of the government student loan begins only after you graduate and start earning an income.
They’re designed to help you cover all of your expenses including tuition fees, accommodation cost, food and travel expenses and spending on books and materials.
You can apply for a NSFAS student loan directly online here or through the Financial Aid Bureaus at the tertiary institution where you’d like to study.
