Where does nsfas money come from – who funds nsfas:
NSFAS is a bursary scheme funded by the Department of Higher Education and Training for those who do not have the financial means to fund their studies and cannot access bank funding, study loans or bursaries.
Are you in need of financial assistance to study at a tertiary institution? Apply for a National Student Financial Aid Scheme (NSFAS) bursary.
Apply online. Applications open for a limited time at the end of each year. Should you require assistance, call the toll-free number 08000 67327 or visit your nearest NYDA office(link is external).
Note:
NSFAS financial support previously was in the form of loans and still need to be paid back when you find employment after completion of your studies. If you passed all your subjects, 40% of the NSFAS funding for that particular year/semester was converted into a bursary. This means you will only pay back 60% of the loan when you start working.
For more information contact: National Student Financial Aid Scheme.