NSFAS Banking Details
NSFAS Banking Details
The National Student Financial Assistance Program (NSFAS) is the South African government’s student financial assistance program, which provides financial assistance to undergraduate students to help them pay for higher education after high school. It is funded by the Ministry of Higher Education and Training. The program also manages scholarships such as the Funza Lushaka Teacher Scholarship (for students who wish to obtain teaching qualifications), the DHET Disability Scholarship and other scholarships from the Departmental Education and Training Agency (SETA). The
National Student Financial Assistance Program was established in 1996 and replaced the 1999 South African Higher Education Fund (TEFSA). The TEFSA program is a non-profit company that has managed and managed NSFAS from its establishment to 2000. In 1999, TEFSA became a legal institution called NSFAS. The plan is supported by more than 30 billion rand (2018) from the Ministry of Higher Education and Training, as well as local and international donations. The scholarship includes tuition, accommodation and transportation allowances for “full-time” students, while “part-time” students only pay tuition.
if you don’t want to worry about remembering to pay your NSFAS loan every month, this is a good option for you. Just complete the electronic debit order form and submit it.
Electronic Funds Transfer (EFT)
If you would like to do an EFT each month these are our bank details.
Name of Account: NSFAS
Branch Code: 210554
Bank: First National Bank
Account Number: 500 600 28203
Please use your ID Number (6711165000000) as a reference when making payments
NSFAS is added as a predefined beneficiary at the following banks:
Just look for “NSFAS” in their list of beneficiaries
Print and complete the form and submit to your employer.
For more info visit Nsfas Website
KNOW MORE ABOUT NSFAS HERE
The National Student Financial Aid Scheme (NSFAS) was formed in terms of the National Student Financial Aid Scheme. NSFAS is a bursary scheme which provides poor and working-class South African students with fully subsidized free higher education and training.
NSFAS’s vision is to provides students from poor and working-class families with financial aid, to undertake studies at public universities and TVET colleges.
On 16 December 2017, former president, Jacob Zuma, announced that the South African government would phase in “fully subsidized free higher education and training for poor and working-class South African students”. The funding would be phased in over a period of 5 years and thus the Department of Higher Education and Training (DHET) Bursary Scheme was established. See Also nsfas banking details–nsfas banking details
Applicants must ensure that they satisfy the following minimum entry criteria before applying:
- South African citizen
- Receive a SASSA grant
- Total household income is R350 000 or less per annum
- Applying to study at a TVET College or public university
- Already registered as a university student with a total household income of under R122 000 per annum
- Passed grade 9 and grade 10 to receive funding to study at TVET College
- Passed Matric to receive funding to study at University
- Registering for your first time at a public university for an undergraduate qualification or registered at a public TVET College for a National Certificate Vocational/ report 191 programme
Do NOT apply if you meet the following criteria:
- Foreign student (NOT a South African citizen)
- Total household income is over R350 000 per annum
- Completed a previous tertiary qualification
- Already applied and received funding
The DHET Bursary will provide cover for the following study-related expenses:
- Registration fee
- Tuition fee
- Subsidized book allowances
- Prescribed learning materials (up to a certain amount, as set by NSFAS)
- Subsidized accommodation (up to a certain amount, as set by NSFAS)
- Subsidized meal allowances
Unisa Nsfas Application 2023-2024
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