NSFAS applicants urged to sign agreements

The National Student Financial Aid Scheme (NSFAS) has called on students, who have applied for NSFAS, to immediately sign their loan agreement forms (LAFs) and schedules of particulars (SOP) at their respective universities.

NSFAS Executive Officer Msulwa Daca said due to the recent student protests on campuses, students have applied for NSFAS but have not signed the LAF and SOP forms.

We are calling on these students to sign their LAFs and SOPs at their respective universities as soon as possible. This is particularly important because NSFAS will not be able to process tuition payments for students who have not signed their agreements.

This will affect their 2017 registration, as outstanding debt would need to be cleared by that time. If you are a NSFAS funded student now and have not sign your agreement form as yet, please do so before end of November, said Daca.

Daca said NSFAS is also under pressure from funders, who want to fund students that are doing well academically and complete their studies on record time.

We have this enormous pressure because of the kind of model we use to incentivise our students. We convert 40% of the loans we give each year into bursaries for students who pass and then give 100% bursaries during their final year of study, provided they meet the graduation requirements.

All learners who are financially needy are encouraged to take advantage of this opportunity before applications close on 30 November 2016.

In order to apply, students must visit the NSFAS website: www.nsfas.org.za, where they will be required to register a personal account on the myNSFAS portal. The account will allow a student to log in using their username and password to check the progress of their applications and funding.

Source: South African Government News Agency