By Staff Reporter (2 mins read)
Content revised on Tuesday, 15th February 2022, 18:35
After you have applied for funding from the National Student Financial Aid Scheme (NSFAS), the scheme goes through certain steps to ensure that you are one of the eligible people to receive its funding.
Below is how NSFAS processes (evaluates) your application. Track your application through your myNSFAS account. To create an account, you need to go to NSFAS website, click myNSFAS and create your account.
1. Application submitted | Your application has been loaded on the NSFAS system.
2. Filtering | The system checks if you are a returning student and whether you have any previous qualification.
3. Validity | NSFAS conducts third party checks with the South African Social Security Agency (SASSA) or Department of Home Affairs.
4. Evaluation | NSFAS verify all documents you submitted during your application.
5. Funding eligibility mean | NSFAS is verifying the household income declared in your application.
6. Awaiting academic results/admissions | NSFAS is checking your academic results and if you have been admitted at your institution.
7. Awaiting registration | NSFAS is waiting for registration details from the institution. You are required to register at a public university or TVET college. The institution will supply your proof of registration directly to NSFAS.
8. Signing of agreement | You are required to sign your NSFAS Bursary Agreement or view your NSFAS Bursary Agreement in order for NSFAS to pay your allowances.
9. Payments | Your allowances are now paid through your NSFAS Wallet or institution.
All images obtained from NSFAS official Facebook page.