what does nsfas status mean

what does nsfas status mean

what does nsfas status mean

my nsfas status

The mission of the National Student Financial Aid Scheme (NSFAS) is to transform NSFAS into an efficient and effective provider of financial aid to students from poor and working-class families in a sustainable manner that promotes access to, and success in, higher and further education and training, in pursuit of South Africa’s national and human resource development goals.

The mission statement is made up of three distinct elements which describe why NSFAS exists, what it does, and the impact on its constituency: NSFAS exists to provide financial aid to eligible students at public TVET colleges and public universities; NSFAS identifies eligible students, provides bursaries, and collects student loan repayments to replenish the funds available for future generations of students; and NSFAS supports access to, and success in, higher education and training for students from poor and working-class families who would otherwise not be able to afford to study.

What does nsfas status mean

Understanding what you’re reading when you’re checking your NSFAS application status is of utmost importance. Here’s what your NSFAS application status means.

Application Submitted

Your application has been loaded onto the NSFAS system successfully.

READ HERE nsfas guidelines 2023-2024

Filtering

The system checks if you are a returning student and whether you have any previous qualifications.

Validation

NSFAS is conducting third party checks with SASSA and the Department of Home Affairs.

READ HERE nsfas status says application in progress

Evaluation

NSFAS is verifying all the documents you have submitted during your application.

Funding Eligibility

NSFAS is verifying your household financial status that was declared in your application.

Awaiting Academic Results/Admission

NSFAS is checking your academic results and your institution admission status to ensure that you meet the requirements to be funded by NSFAS.

Many find themselves staying on this step for a while. This is because NSFAS has to wait for information from your chosen institution.

Awaiting Registration

NSFAS is receiving data from your institution to enable them to create a bursary agreement.

This is another step students find themselves on for a while. This is because NSFAS has to wait for information from your chosen institution.

Signing of Agreement

At this stage, you need to sign your bursary agreement so that NSFAS can disburse your allowances.\

READ HERE track my application status at nsfas

Payments

Your allowances are now being paid either through the NSFAS mobile wallet system or through your institution.

Students are advised to continue to monitor the myNSFAS portal for updates.

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