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PR students from all Universities offered an opportunity.

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Allan Gray Orbis Foundation South Africa 2019-2020

Allan Gray Orbis Foundation invests in the education and development of individuals with entrepreneurial potential within Southern Africa.

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Apply to join Allan Gray Orbis Foundation fellowship programme and become part of the Allan Gray Orbis Foundation’s growing community of current and future entrepreneurs.

Visit the following link for detailed information :

SOURCE – Laila Ijeoma (Allan Gray)

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Bursaries

NSFAS struggles with backlog

Higher Education Minister revealed that, the National Student Financial Aid Scheme (NSFAS) still has a backlog.

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In a written response to parliamentary questions from the DA’s Andricus van der Westhuizen, the Higher Education Minister Naledi Pandor revealed that, the National Student Financial Aid Scheme (NSFAS) still has a backlog of more than 80 000 unresolved bursary applications – with 19 000 being unsigned loan agreements – as at the middle of this month.   

In 2018 the Student financial aid scheme experienced challenges , including funding decisions, addressing the 2017 academic year backlog, the non-payment and delays in the payment of allowances, and a weakness in data integration between NSFAS and institutions.

This led to Minister Pandor appointing Dr Randall Carolissen as the administration.

In her reply, Pandor said unresolved applications from 2017 and 2018 stood at 83186 as at February 14.

“Of these, 19113 relate to unsigned loan/bursary agreements.”

She mentioned that the absence of signed contracts prevented NSFAS from making payments to the applicant or the educational institution at which they were registered.

According to Minister Pandor, the students with unsigned contracts were sent regularly to their host institutions for them to ensure the contracts were signed.

“Once signed, fees and allowances can be paid immediately,” she said.

 She mentioned that, a further 64073 are still outstanding cases where there were internal system issues that prevented final resolution of the bursary applications.

“Of these, 54807 (10333 from 2017 and 44474 from 2018) relate to changes in fees or allowances that, for a number of reasons, are rejected by the processing algorithm. The causes of these rejections have now been identified, and the algorithm is being updated to resolve the blockage.”

She said NSFAS had planned to complete this work by last Friday.

 More than 400000 bursary applications were made to NSFAS, however, only about 170000 applicants qualified for bursaries for 2019 academic year.

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Bursaries

NSFAS requirements for 2019

The National Student Financial Aid Scheme famous as NSFAS serves as a bursary program providing financial assistance necessary for learners to attain their career dreams.

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Photo: The South African

The National Student Financial Aid Scheme famous as NSFAS serves as a bursary program providing financial assistance necessary for learners to attain their career dreams. The scheme offers fully subsidized training programs and free higher education to both financially challenged and working class South Africans. Who qualifies for NSFAS? The plan is exclusively available for eligible applicants who satisfy the NSFAS requirements discussed below.

The core mission of the scheme cuts across three main elements, which include providing financial assistance to learners from poor and working class families interested in enrolling in public universities and TVET colleges. The National Student Financial Aid Scheme essentially identifies eligible learners and awards them with bursaries for their enrolled programmes. As such, the scheme also collects past student loans in the view of financing new students. Most importantly, the scheme supports new applicants who are unable to afford further education regardless of their financial potential. Read on for National Student Financial Aid Scheme requirements before enrolling and accessing the scheme funding.

 What is needed when applying for NSFAS?

Although the NSFAS application for the 2019 academic year is already closed, you can prepare for the next intake by understanding that there are several qualifications which applicants must satisfy before submitting their applications. It is also essential to keep track of important dates and stay up to date with NSFAS notifications. NSFAS bursary and financial aid is exclusively open for South African citizens willing to further their studies and satisfy the following conditions:

  • Only applicants with a combined annual household income of less than R350,000 annually are acceptable for subsidized study enrollments.
  • SASSA grant recipients who are first-time registrants for undergraduate qualifications at a public university or TVET College.
  • Those who have excelled in Grade 9 and 10 and require financial aid from the National Student Financial Aid Scheme to study at TVET college.
  • First time registrants for an undergraduate qualification at a public university or already registered at a TVET college for one of the National Certificate Vocational or the report 191 programme.
  • SASSA grant recipients that are already studying at a TVET college or public universities and registered before this year for different qualifications.
  • Already registered University learners with combined annual household income not exceeding R122,000 annually.
  • Learners who have already passed grade 12 to receive National Student Financial Aid Scheme funding for university studies

When making your applications, the National Student Financial Aid Scheme will grant you an option of applying for DHET funding. It is also necessary to complete the consent forms as a part of the requirements. It is vital to clear all the credit checks in time for NSFAS to verify all the household income values.

In the qualifications, non-south African students should not apply because the National Student Financial Aid Scheme receives local learners only. Prospective learners should also realize that they stand a chance to receive bursaries only after successfully receiving an enrollment. Applications for financial aid should also be completed within an acceptable period. Before starting your applications, consult the student support offices for necessary assistance as pertaining to opening an account with myNSFAS Self Service portal.

NSFAS requirements 2019 are essential to qualify for NSFAS services. Meeting these requirements not only serves to enhance your eligibility but also guarantees a chance for further studies with The National Student Financial Aid Scheme. So, if you meet the above NSFAS requirements, what are you waiting for? Grab the next opportunity when applications are open and get the chance of a lifetime to further your studies.

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