NSFAS Provisionally Funds More Than 650 000

NSFAS Provisionally Funds More Than 650 000. On Tuesday, Minister Blade Nzimande revealed significant updates to the media during a press conference, including announcing that the NSFAS has provisionally funded over 650,000 students for the upcoming academic year 2024. Check Also: NSFAS ONline Application 

Details on funding and applications

During a presentation on NSFAS funding, Minister Nzimande was able to highlight that, since 1991, the amount of funding for the program has increased from R21.4 million to an enormous R48 billion in 2023. Applications for the 2024 NSFAS bursaries are currently open, and the deadline for submission is January 31, 2024.

Applications Statistics and Provisions

Minister Nzimande announced that, out of 1.5 million NSFAS applications received, 657,703 students have already been provided with provisional funding. Most of these recipients are Sassa beneficiaries. It is expected that more applications will be submitted before the closing date.

NSFAS Consent Form and Eligibility Check

Please be reminded that all applicants are required to submit a NSFAS consent form to be able to verify information from third parties. This step, which is crucial for the eligibility check, ensures accurate assessment. Sassa beneficiaries, however, are exempt from this requirement.

NSFA Allowances 2024

Minister Nzimande expressed concerns over outstanding allowances for 2024, urging institutions to resolve the issue as soon as possible. During his remarks, he stressed that institutions should not interfere with the registration of NSFAS-funded students with outstanding payments. As he noted reconciliation challenges, he advised stricter management for the adjustment process of the registrations for 2024.

Conclusion

NSFAS has provisionally funded more than 650,000 students for the 2024 academic year, emphasizing the importance of financial accessibility for students. As applications are still open, Minister Nzimande emphasizes the importance of resolving outstanding 2023 allowances, urging institutions to streamline registration processes to ensure that 2024 will go as smoothly as possible.