NSFAS Cautions Students Against Sharing Credentials

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Personal information can be used by unscrupulous individuals to commit fraud and other crimes. Students who benefit from the National Student Financial Aid Scheme have been given some tips to ensure their personal information does not fall into the hands of unscrupulous individuals. 


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The National Student Financial Aid Scheme (NSFAS) is calling on students to protect themselves from falling victim to fraudulent activities by practising caution when sharing their information online. 

Students are encouraged to not share their personal information with strangers online. This is because their personal information could be used by unscrupulous individuals to access their myNSFAS accounts and by extension, their allowances. 

Stay vigilant against student funding fraud! If you notice any irregularities or suspect someone is misusing student funds, please report it immediately. 

NSFAS advised students not to share their myNSFAS username and passwords as well as their personal information. 

Students are also encouraged to reset their myNSFAS passwords once a month. This will prevent fraudsters from knowing your credentials. 

Related Article: How To Login To MyNsfas Student Portal

They also encouraged students to log out of their myNSFAS accounts when using personal computers, laptops and devices at internet cafes.

Students were reminded that NSFAS will never contact them and ask for personal information or their myNSFAS credentials. 

If you suspect any fraudulent activities related to any services offered by the NSFAS, Do not hesitate to report 

Stakeholders are encouraged to report any irregularities or suspected fraudulent activity to the financial aid scheme. Irregularities and fraudulent activities can be reported using three different methods. 

How To Report Suspected Fraudulent Activities 

NSFAS provides comprehensive funding to students from poor and working-class backgrounds. This funding includes fully paid tuition and registration fees.

Funded students also receive several allowances that aim to cover additional expenses that students who are studying at a tertiary educational institution may encounter.

 

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NSFAS funds.

After the recent discovery of R5 million in wrongfully allocated NSFAS funds, one of South Africa's public universities has returned just over R300 million to the bursary scheme. The investigation into NSFAS kicked off last year and is still ongoing.

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