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HOW TO GET A NSFAS LOAN

We have produced an infographic for quick reference on how to get an NSFAS Loan. As well as who, how and how much goes into an NSFAS Loan.

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73,7%: The collective bumber of courses passed by all students receiving NSFAS funding.

Amount paid out to students:

2000 – R513m
2005 – R1, 217m
2007 – R1, 791m
2008 – R2, 375m
2009 – R3, 154m

NSFAS are giving six times the amount of loans they were ten years ago.

Number of students in higher education assisted:
2009 – 138 235
2008 – 118 445
2007 – 113 617
2006 – 108 416
2005 – 106 852
2004 – 98 810
2003 – 96 555
2002 – 86 149
2001 – 80 516
2000 – 72 037

NSFAS have assisted over a million students in the last ten years.

Demographics of recipients 2007 -2009:
45% – Male
55% – Female
93% – African
7% – Other

What funding do you need?

Study Loan:
Apply, Apply at the educational institution where you plan to study.
Some institutions will issue you with study & financial application forms. Fill in both.

Pay Back, You only start repaying once you start earning a salary. Repayments are based on the salary you earn,starting at 3% of your annual salary.

Who is eligible,
– SA Citizens
– Registered at a SA University or University of Technology
– An undergraduate, studying for 1st Higher Ed qualification
– Studying for a 2nd Higher Ed qualification if neccesary for profession eg. LLB
– Able to demonstrate potential for academic success
– In need of financial assistance

Bursary:
Funza Lushaka Bursary, Full-cost bursaries are available to enable eligible students to complete a full teaching qualification in an area of national priority. Recipients will be required to teach at a public school for the same number of years that they receive the bursary.

Social Work, Bursaries for those interested in studying Social Work are provided by the Dept of Social Development. The student applies for the bursary at the Provincial Department’s offices. These bursaries have a work back condition.

National Skills Fund, Bursaries from the National Skills Fund are available for students with a study focus in a scarce skills area.

FET College Bursaries, Bursaries for the National Certificate (Vocational) and for certain NATED courses at FET Colleges are available for qualifying students. Students must apply for funding through the FET College’s Student Support Services.

Infographic published by Argo, Copyright reserved 2011.
Visit www.sastudy.co.za for more.
General NSFAS enquiries contact info@nsfas.org.za
Information sourced from http://www.nsfas.org.za/loan-and-bursary.htm

Double click the image to save and enlarge or right click, and select ‘save as’ to download the PDF version. Feel free to share and distribute our infographics. Do not remove the copyright or Argo/SA Study watermarks.

NSFAS-Infographic



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