student loans for 2017

A guide to 2017 student loans with NSFAS

2017 Student loans with NSFAS

Having an education is one of the best tools to succeed in life. Tertiary education facilitates the development of better-educated citizens and equips them to deal with new challenges and technological advances.

Post-secondary education is key to employability in South Africa. Research shows that only 40% of matriculants who enter the labour force after matric will find employment, which is likely to increase to about 78% if a child is a university graduate.

Tertiary education yields monetary benefits and gives individuals financial freedom. This often allows individuals to improve their living standards.

High-level work positions require continuous professional development to facilitate better decision-making skills. Tertiary education equips individuals with the diligence required to keep up with the demands of continuous education.

An unfortunate reality for most South Africans is that tertiary education can be quite expensive. So for most students, this means having to find ways to fund their studies.

While loans are an option for some people, many students in South Africa rely on the National Student Financial Aid Scheme (NSFAS) for funding.

NSFAS funding is available to students registered at public universities/TVET colleges.

The funds are also available to students registering for the first time in 2017, who are in need of financial support.

How does it work?

If you apply for a student loan from NSFAS, and you are approved, you will get access to finance to help you pay for your fees. You will be required to repay this loan by a certain period of time.

To apply, you first need to register to create your personal online account. Then you can proceed to fill and submit the application form online.

Documents required:

  • Matric certificate
  • ID/Birth Certificate
  • Last Academic Results
  • Proof of parents’ income (if parents are employed)
  • Death certificate (if parents are deceased)
  • Doctor’s certificate (if permanently disabled)

Application closing date is 30 November 2016.

NSFAS seeks to provide financial aid to students from poorer working class families in a sustainable manner that promotes access and success in higher and further education and training.

Since inception, NSFAS has assisted 1.5 million students to date.

The fund identifies eligible students, provides loans and bursaries and collects student loan repayments to replenish the funds available for future generations of students.

To find out more about 2017 student loans with NSAFS, call: 0860 067 327 or email info@nsfas.org.za

Visit www.nsfas.org.za

Try our loan calculator or get information about applying for a loan.

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