NSFAS stands for the National Student Financial Aid Scheme. It is a South African government initiative that provides financial support to academically capable students from disadvantaged backgrounds who wish to further their studies at public universities and TVET colleges in South Africa.
The aim of NSFAS is to provide financial assistance to students who would otherwise not be able to afford higher education. This support takes the form of loans and bursaries, which are provided to eligible students to cover tuition fees, accommodation costs, and other related expenses.
NSFAS is primarily funded by the South African government, and its operations are overseen by the Department of Higher Education and Training. The scheme is available to South African citizens and permanent residents who meet the eligibility criteria, including financial need, academic potential, and the ability to complete their studies within a reasonable period.
What A ‘Payments’ NSFAS Status Means
MyNSFAS is where you can regularly check the status of your NSFAS application once you’ve submitted it.As soon as your application has been reviewed, you will be informed of its status.
So when it says ‘Payments’ on your NSFAS application, what does it mean?
- Payments means you now receive your allowances either through your institution or through your NSFAS mobile wallet account.
The myNSFAS portal should be monitored regularly for updates by students.