NSFAS Terms and Conditions 2024-2025

NSFAS Terms and Conditions 2024-2025

NSFAS Terms and Conditions 2024-2025 – Details of NSFAS Terms and Conditions 2024-2025

NSFAS Online Application 2024-2025

NSFAS Application Status Check 2024-2025

NSFAS Qualification Requirements 2024-2025

BURSARY AGREEMENT TERMS AND CONDITIONS

1. T’S & C’S INTRODUCTION

1.1 Welcome to NSFAS. We are excited that we have the opportunity to support you in your effort to successfully accomplish your academic goals.

1.2 The NSFAS Bursary Agreement Terms and Conditions is an annexure to the NSFAS Bursary 2024-2025 Agreement and forms part of the NSFAS Bursary Agreement.

1.3 Please ensure that you are familiar with, and fully understand, the NSFAS Bursary Agreement, including the Terms and Conditions.

1.4 Please remember that NSFAS has a team of friendly and knowledgeable consultants who are available to discuss any aspect of the NSFAS administered DHET Bursary Scheme. Kindly contact the NSFAS Contact Centre on08000 67327 or email info@nsfas.org.za.

2. WHO IS ELIGIBLE?

2.1 The DHET Bursary Scheme is available to South African citizens who meet prescribed eligibility criteria.

2.2 The various eligibility criteria are set out below.

2.3 Academic Eligibility

2.3.1 Students who have received confirmation of admission into a public higher education institution for an approved funded qualification and who meet the NSFAS criteria for financial assistance shall be eligible for NSFAS administered funding.

2.3.2 Continuing students must be registered for the relevant academic year and must satisfy the minimum progression requirements of the higher education institution and progression rules in terms of the DHET National Rules and Guidelines.

2.4 Financial Eligibility

2.4.1 The DHET Bursary Scheme will be available to:

2.4.1.1 students who registered at the higher education institution for the first time in 2024 or thereafter and who are from families with a combined annual household income of up to R350 000 (three hundred and fifty thousand Rand);

2.4.1.2 students with disabilities who registered at a higher education institution for the first time in 2024 or thereafter and who are from families with a combined annual household income of up to R600 000 (Six Hundred Thousand Rand)

2.4.1.3 students with disabilities who registered at the higher education institution for the first time prior to 2024 and who are from families with a combined annual household income of up to R400 000 (Four Hundred Thousand Rand)

2.4.1.4 students who registered at the higher education institution for the first time prior to 2024 and who are from families with a combined annual household income of up to R122 000 (one hundred and twenty-two thousand Rand); and

2.4.1.5 students who are recipients of grants administered through the South African Social Security Agency (“SASSA”) will automatically qualify for NSFAS funding in 2024.

2.4.2 NSFAS has verified the household income declared by the student and assessed that the financial eligibility of the student’s household income is within the parameters set out in 2.4.1 above.

3. BURSARY AMOUNT

3.1 Successful NSFAS applicants shall be eligible for NSFAS student financial aid in the form of a bursary.

3.2 The Bursary Amount per annum will be an amount equal to the actual cost of tuition for the qualification, and other related costs as prescribed in the DHET National Bursary Rules and Guidelines less any other bursaries or funding support received from other funders.

3.3 The study costs charged by the higher education institution shall be paid as a credit to the student’s account at the higher education institution.

3.4 All payments to the higher education institution shall be made in accordance with the intervals agreed between NSFAS and the higher education institution.

3.5 Any part of the Bursary Amount which has not been utilized by the higher education institution to defray the costs of tuition and related costs (as prescribed by the DHET National Rules and Guidelines) shall be returned by the higher education institution to NSFAS, and the Bursary Amount will be reduced accordingly.

3.6 NSFAS will be entitled, if it so chooses, after this Agreement has been signed but before any part of the Bursary Amount has been paid to the higher education institution, to amend the Bursary Amount.

3.7 NSFAS will not be obliged to notify the student of any amendments made in terms of clause 3.6 above, other than by recording the outstanding balance of the bursary amount. That amended amount will constitute the Bursary Amount for the purposes of this Agreement.

4. ALLOWANCES

4.1 The allocation of allowances shall be determined in accordance with the prevailing DHET National Rules and Guidelines as published from time to time.

4.2 The student shall only receive those allowances which have been allocated to him/ her in accordance with clauses 4.1.

4.3 The student can access allowances in one of two ways:

4.3.1as a direct deposit paid by NSFAS, or its duly appointed agent, directly into the student’s bank account; or

4.3.2 in the form of a NSFAS Wallet voucher which is redeemable at participating NSFAS-Wallet vendors.

4.4 The following clauses relate to the allowances deposited directly into the student’s bank account:

4.4.1 the student shall be responsible for providing the correct banking details to NSFAS during the application process;

4.4.2 the student shall be responsible for protecting his/her bank account details, including the bank account PIN and shall not share his/her bank account details with any person; and

4.4.3 the student shall immediately notify the their bank of any breach of banking details.

4.5 The following clauses relate to allowances accessed by way of the NSFAS-Wallet platform:

4.5.1 the student shall be responsible for providing the correct mobile number details to NSFAS during the application process;

4.5.2 the student shall be responsible for protecting his/her NSFAS Wallet account details, including the account/ voucher PIN and shall not share his/her account details with any person;

4.5.3 the student shall immediately notify the NSFAS of any breach of NSFAS Wallet details;

4.5.4 by signing the Bursary Agreement, the student shall be deemed to have agreed to the NSFAS-WalletTerms and Conditions which NSFAS may amend from time to time;

4.5.5 subject to such terms and conditions as NSFAS deems appropriate, the student’s NSFAS-Wallet account will be credited with an amount equal to the allowance allocation provided for in clause 4.2 above;

4.5.6 any part of any allowance redeemed by the student at a NSFAS-Wallet vendor will reduce the amount of that allowance by the amount so redeemed;

4.5.7 the amount reflected on the student’s NSFAS-Wallet account will fluctuate depending on the value of NSFAS-Wallet allowances issued and used from time to time;

4.5.8 all charges related to purchases by the student shall be for the student’s account; and

4.5.9 this Agreement and the student’s usage of the NSFAS-Wallet payment platform does not modify or replace the terms and conditions of any agreement concluded between the student and any other person or entity, e.g. network carriers and banks.

4.6 NSFAS shall not be held liable for any loss incurred by the student for any reason whatsoever, including but not limited to, misuse of passwords or pin codes, or the use of the student’s password or pin code by a third party.

Click Here to Download NSFAS Terms and Conditions PDF

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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