Since its inception, NSFAS funding has increased from R441 million in 1999 to R473 billion in 2022.
With all the contingencies being developed by NSFAS to meet the challenges that the upcoming academic years will pose to its goals in funding prospective students, knowing how to apply for funding can be a matter of life and death for those who need it.
It is for this very reason that the article was written for all those who want to know how to apply for NSFAS online.
How to apply for NSFAS online?
According to a report by McKinsey & Company, the COVID-19 pandemic has completely overhauled how government departments do business within a matter of months.
The study, a global survey of executives, reports that companies have accelerated the digitization of their customer and supply-chain interactions, as well as their internal operations, by three to four years.
NSFAS is no exception to this trend, with both its application and payouts process being completely digitized at the behest of the minister of higher education.
The new digital front of NSFAS has made the application process more accessible to prospective students, many of whom cannot afford manual registrations due to the logistical costs involved in frequenting offices in urban areas.
- To apply for funding online, simply head over to the myNFAS website at www.nsfas.org.za and register an account.
- Click on the myNFAS tab on the homepage, followed by the Register option.
- Click on the box to give consent to NSFAS to verify your details.
- Proceed then to enter your ID number on the specified field as it is written on your Identity Document.
- Enter your current email address, and confirm it. Type in your cellphone number and proceed to create your password.
- Once you’ve confirmed your password, upload a copy of your ID to the website, and then click on the register option.
All of the above steps will prompt the NSFAS website to send an OTP that expires within a 24-hour period to the email address and phone numbers provided.
Submit the provided OTP to the myNSFAS website and click on submit.
These will complete the re-registration process for NSFAS, allowing you to click on the apply tab and be directed to the online application form.
Is NSFAS open for 2024 applications?
Applications for funding for the 2024 academic year via a bursary from NSFAS are currently open to all qualifying students.
Should you wish to further your academic career post-high school, but are constrained from doing so due to your socioeconomic background, now is the time to apply for funding from NSFAS
All prospective students hoping to alleviate their economic misgivings through higher education can do so in person or online.
Either register through the myNSFAS website or head over to your nearest NSFAS office or NYDA to secure your chances for funding.
When can I apply for NSFAS for 2024
The application window for NSFAS funding for the 2024 academic year is officially open.
All academically qualified students from poor and working-class families are encouraged to submit their applications as soon as possible to increase their chances of being accepted into the bursary scheme’s program.
With projections and past trends in application volumes showing exorbitant annual increases in the number of students registering for NSFAS, the 2024 academic year is expected to see applications that number in the millions.
NSFAS application 2024 opening date
The opening for NSFAS applications for the 2024 academic year commenced on the 28th of September 2022.
Applications are open to all students who wish to enroll for higher education at a university or TVET college of their choosing.
All prospective beneficiaries are urged to ensure that their academic marks permit them entry into a university course before applying.
And prospective students should take note that for now, the bursary fund is open only to those from households who earn less than R350 000 per annum, with talk of funding in the future being extended to cover the missing middle-income homes.
NSFAS application 2024 closing date
The latest that submissions for funding via NSFAS for the 2024 academic year can be made is on the 31st of January, 2024.
Both the opening and closing dates for applications for funding were made to coincide with the release of the 2022 matric academic results in order to give prospective beneficiaries ample time to apply.
The 2022 academic year saw NSFAS receive 40 000 appeal applications from students rejected from being funded that same year.
Of the 40 000 appeal applications, NSFAS was able to review and process 28 000 of the appeals and communicate their outcomes with the aggrieved parties.
With 12 000 of those appeals remaining unprocessed due to a lack of supporting evidence to conclude their cases.
It is advised to apply for funding at the earliest possible date to avoid high backlogs in the system and becoming the case of an inevitable appeals
