The release of the funding list marks a significant milestone for the National Student Financial Aid Scheme (NSFAS) and tertiary institutions across the country. All institutions now have access to the comprehensive list of funded students through the NSFAS portal.
This accessibility allows educational institutions to easily confirm which students are eligible for financial support from NSFAS, facilitating a smoother process for both students and institutions.
According to NSFAS, this funding list is part of an ongoing redress process aimed at reviewing appeals against third-party information. The scheme is dedicated to ensuring that all students in need of financial aid have access to the necessary funding.
As part of this process, decisions on appeals are currently being finalized upon the receipt of third-party reports, further ensuring fairness and accuracy in the allocation of funds.
The demand for financial assistance from NSFAS has seen an increase for the 2023 academic year. Approximately 1.6 million students submitted applications for funding, reflecting the ongoing need for accessible education in South Africa.
NSFAS currently, provides funding to 1.1 million students, and disbursing funds to such a large number of beneficiaries simultaneously presents a unique challenge for the scheme.
This academic year marks the first time that NSFAS disburses funding for both tuition fees and allowances to such a substantial number of students.
The allowances provided by NSFAS are designed to cover various essential costs associated with pursuing higher education. These allowances encompass expenses such as:
- Learning materials or devices,
- Transport,
- Meals
- Accommodation
- Personal care
- And general living expenses.
By addressing these financial burdens, NSFAS aims to create a more conducive environment for students to focus on their studies. To find out more about the NSFAS bursary, applications and the latest changes, head to our NSFAS page.
The page will provide comprehensive information about the application process, eligibility criteria, and any additional updates related to the funding scheme.
