NSFAS Benefits for Applicants 2024/2025

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NSFAS Benefits for Applicants 2024/2025

NSFAS Benefits for Applicants 2024/2025 – Details of NSFAS Benefits for Applicants 2024/2025

Quick Links:

NSFAS Online Application 2024/2025

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NSFAS Application Status Check 2024/2025

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NSFAS Contact Details

National Student Financial Aid Scheme, NSFAS Benefits

Students funded by the National Student Financial Aid Scheme (NSFAS) do not need to make any repayment of student debt during the course of study.

This major benefit is just one of the many benefits that the students who were funded to tune R10.5m, receive, according to the NSFAS annual report.

It lists other benefits such as:

  • the conversion of 40% of NSFAS loans to grants if funded university students pass their first and second years of study
  • the conversion of the total amount of the loan in the final year of study to a grant if funded university students pass their final year of study
  • interest charges are deferred during the course of study, including 12 months after exit from a public university
  • the funding to the TVET colleges is a full bursary, with no expectation for repayment.
  • Interest charged on outstanding amounts is heavily subsidised at 80% of the repo rate.

This is a significant subsidy since the prime rate is typically 350 basis points above the repo rate.

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In other words, if the prime interest rate is 10.25%, an NSFAS-funded student only pays interest of 5.6% on the outstanding loan.

See Also:

NSFAS Online Application 2024-2025

NSFAS Contact Details

NSFAS Appeal 2024-2025

NSFAS Application Form 2024-2025

NSFAS Allowance 2024-2025

NSFAS Closing Date 2024-2025

NSFAS Portal 2024-2025

NSFAS Consent Form 2024-2025

NSFAS Application Status Check 2024-2025

NSFAS Application Closing Date 2024-2025

NSFAS Approved List 2024-2025

Is NSFAS a Loan or Bursary 2024-2025

NSFAS Balance 2024-2025

NSFAS Branches

NSFAS Banking Details

NSFAS Benefits 2024-2025

NSFAS Bursary Agreement 2024-2025

NSFAS Colleges

NSFAS Declaration Form 2024-2025

NSFAS Documents Needed 2024-2025

NSFAS for Returning Students

NSFAS Guidelines

NSFAS How to Apply 2024-2025

NSFAS Headquarters

NSFAS How Does It Work

NSFAS Historic Debt Form 2024-2025

NSFAS Income Requirements 2024-2025

NSFAS Interest Rate 2024-2025

I Forgot my NSFAS Username and Password

How to Use NSFAS sBUX

I Forgot my NSFAS Reference Number

NSFAS Job Vacancies

NSFAS Late Application 2024-2025

NSFAS Latest News 2024-2025

NSFAS Opening Date 2024-2025

NSFAS Payment Dates 2024-2025

NSFAS Qualification Requirements 2024-2025

NSFAS Registration 2024-2025

NSFAS Repayment 2024-2025

NSFAS Terms and Conditions 2024-2025

NSFAS Final Year Programmes

my NSFAS Wallet 2024-2025

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