The Minister of Higher Education, Science and Innovation, Dr Blade Nzimande, said the government bursary scheme is in the process of finalising outcomes.
The National Student Financial Aid Scheme (NSFAS) is a government bursary awarded to students who come from households earning an annual income of R350 000 or less.
“They [NSFAS] will communicate funding eligibility once the verification and quality assurance process is complete in order to ensure the credibility of this important process,” Nzimande said on Wednesday.
He said students who are already funded by NSFAS will continue to be funded this year if they still meet the requirements.
This year, NSFAS received a record of 730 000 online applications, while a total of 60 000 applications walk-in applications were received.
“It is important to note that NSFAS will fund eligible students when they have been registered at a public university, or TVET College.
“Students are hereby given assurance that NSFAS is aware of and takes into account that communication should be finalised before the registration windows of the various learning institutions close,” the Minister said.
In the meantime, NSFAS has encouraged applicants to regularly check their funding status on the MyNsfas portal.
How To Check Your Funding Status:
- Login on the myNSFAS student portal via this link: https://bit.ly/2SWFVh3
- Enter your username and password, then click SIGN IN!
- Click on Track Funding Progress.
What your application status means:
- Application Submitted: Your application has been loaded on to the NSFAS system successfully.
- Filtering: NSFAS is checking if you are a returning student and whether you have any previous qualifications.
- Validation: The details in your application are being verified through third party checks with SASSA and the Department of Home Affairs.
- Evaluation: All the documents you have submitted are being verified.
- Funding Eligibility: NSFAS is verifying that your household financial status is accurate and the same as what was declared in your application.
- Awaiting Academic Results/Admission: NSFAS is checking your academic results. This includes checking your admission status and whether you qualify to be funded by NSFAS for your degree/qualification.
- Awaiting Registration: NSFAS is in the process of receiving data from your institution in order to create a bursary agreement.
- Signing Of Agreement: You will need to sign your bursary agreement and agree to the conditions in order to receive funding and allowances.
- Payments: Your allowance payments are now being paid either through the NSFAS mobile wallet system or through your institution. Continue checking the MyNsfas portal for updates.