NSFAS Benefits for Applicants 2024/2025
NSFAS Benefits for Applicants 2024/2025 – Details of NSFAS Benefits for Applicants 2024/2025
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.
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.
NSFAS Online Application 2024-2025
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 Benefits 2024-2025
NSFAS Bursary Agreement 2024-2025
NSFAS Declaration Form 2024-2025
NSFAS Documents Needed 2024-2025
NSFAS How to Apply 2024-2025
NSFAS Historic Debt Form 2024-2025
NSFAS Income Requirements 2024-2025
NSFAS Interest Rate 2024-2025
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
my NSFAS Wallet 2024-2025
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