The National Student Financial Aid Scheme (NSFAS) has opened the 2024 bursary application period. Students intending to apply for the bursary will need to submit their NSFAS applications on the myNSFAS website.
2024 NSFAS applications opened in November 2023. In the first week alone, more than 70,000 students were provisionally approved for a 2024 NSFAS bursary. This number is expected to increase as the application period progresses.
Students have until 31 January 2024 to submit a NSFAS application.
The myNSFAS portal allows individuals to apply for funding, check their NSFAS application or even submit a NSFAS appeal application if their funding application was unsuccessful. Its therefore extremely important that individuals maintain their access to the portal.
If a student has forgotten their myNSFAS username, password or cellphone number they will face challenges accessing their myNSFAS account.
Here’s How To Reset Your myNSFAS Profile
- STEP 1 – Go to : www.nsfas.org.za , click on ‘myNSFAS’ and then click on ‘forgot password’ .
- STEP 2 - Type in your ID number and choose what you require help with: password or username or both and then click on ‘submit’ .
- STEP 3 - The username and the link to change your password will be sent via SMS and email.
- STEP 4 - Open the link and you’ll be redirected to the reset password page.
- STEP 5- Reset your password by following the prompts on your screen
Who Qualifies For NSFAS
To qualify for NSFAS, applicants must be South African, enrolled in an approved course at a public university or Technical and Vocational Education and Training (TVET) college and not exceed the household income threshold.
Applicants may not have a household income exceeding R350,000 while disabled students may not have a household income that exceeds R600,000. The latest data from SARS will help NSFAS verify if applicants meet the household income threshold.
Students whose NSFAS applications are approved receive accommodation allowances, meal allowances, and stationery allowances from NSFAS. Adjustments are made to the allowances for students living at home or in catered accommodation.
NSFAS encourages all eligible students to submit their applications during the designated application period. They also reminded grade 12 learners that matric results are not a prerequisite for submitting a NSFAS application.
The bursary revealed that they are in discussions with the Department of Basic Education (DBE), to enhance the application validation process, particularly concerning parental relationships. These adjustments aim to improve verification procedures and ensure timely confirmation of funding decisions.
