NSFAS provides comprehensive funding to deserving students enrolled in approved courses at Universities and TVET colleges. Funding covers tuition and registration fees as well as several allowances for food, accommodation, and learning materials.
The scheme confirmed that a change in institution type necessitates the termination of the existing loan agreement.
Students who change institution types from TVET College to University or vice versa would terminate their loan agreement and a new application would have to be made to be considered for loan fund eligibility at another institution type,
Furthermore, previous loan recipients are not guaranteed re-qualification. "It is the loan scheme’s prerogative to consider a reconsolidated loan agreement," NSFAS clarified.
Loan agreements are also terminated for students who withdraw from their studies. "Students who de-register or drop out during an academic term and wish to resume their studies in future academic terms, must re-apply," the scheme explained.
NSFAS emphasised the limitation of funding to one qualification at a time. "A student can only be funded for one qualification at one institution at any one time," the scheme reiterated.
