Can You Borrow Money From NSFAS 2025
nsfas application 2025 opening date; Can You Borrow Money From NSFAS
Securing funding for higher education can pose a significant challenge for South African students with aspirations for further studies. Nevertheless, the National Student Financial Aid Scheme (NSFAS) was introduced to offer financial support to qualifying students.
The information here aims to examine the feasibility of obtaining loans from NSFAS and examine the various funding alternatives accessible to students in need.
READ MORE: How Much NSFAS Money 2025
Can You Borrow Money From NSFAS 2025
NSFAS offers both bursaries and loans to students who meet the eligibility requirements. It is essential to comprehend the differences between these two types of financial assistance:
- Bursaries: NSFAS provides bursaries, which are monetary awards granted to students based on their financial needs and academic achievements. If you meet the necessary criteria, you will not be obligated to repay the bursary amount.
- Loans: On the other hand, NSFAS offers loans to students. These funds need to be repaid after the completion of their studies. The loans are interest-free, and repayment is contingent upon the student’s income. In other words, repayment only begins once the student reaches a specific income threshold.
Who Can Borrow Money From NSFAS 2025
You may be eligible to apply for NSFAS loans if you meet the following requirements;
- South African citizens or permanent residents
- SASSA grant recipients
- Applicants whose combined gross household income is not more than R350 000 per year
- Persons with disabilities whose combined gross household income is not more than R600 000 per year.
- Must have an email account and cell phone number.
Applying For NSFAS Funding 2025
To apply for NSFAS funding, you need to follow these steps:
- Create a profile:
Create a myNSFAS account via this link: https://my.nsfas.org.za/ or download the NSFAS App on Google Play or App Store. Your ID number will be your username.
- Apply now:
Click on the “Apply’ tab to update your personal information and upload your application supporting documents, as indicated.
- Complete:
Submit your application
SEE ALSO: Do You Have To Pay Back NSFAS Funding?
NSFAS Contact Information
- Website: www.nsfas.org.za
- Email: info@nsfas.org.za
- South African students: 0860 067 327
- International students: +27 21 763 3232
- Physical Address: 10 Brodie Road, Wynberg, Cape Town, South Africa, 7700
- Postal Address: Private Bag X1, Plumstead, Cape Town, Western Cape, South Africa, 7801.
NSFAS’s Official website here for more information. Hope the provided information is helpful, kindly leave a comment below in the comment section.
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