• R350,000-R600,000

  • Missing-Middle

  • Loan Agreement

  • Under or postgraduate studies

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National Student Financial Aid Scheme
Student Loans

The National Student Financial Aid Scheme (NSFAS) is a juristic entity of the South Africa government reporting to the Minister of Higher Education, Science and Innovation. NSFAS was established in 1991 to provide financial aid, in a form of a bursary or loan to students from low-income families who meet the criteria for admission to a post school education and training programme in at a public TVET college or university.

NSFAS Student Loan

If you apply for a loan, the procedure is similar to that for a bursary application. You will be required to accept terms and conditions that are aligned to a bursary application. Please accept these terms and conditions with the understanding that the similar agreements will be shared with if you qualify for a loan agreement.

Applicants who have been rejected for a 2024 bursary based on a household income exceeding R350 000, will pre-qualify for a loan if their family income is less than R600,000. We will communicate with such applicants in due course.

Students who already applied for the NSFAS bursary scheme need not to submit a new application for the student loan scheme.

Prospective loan scheme applicants can apply through an online application form following three guided


Create a profile.




Submit the application

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Students who apply for the new scheme must meet the following interim criteria:

  • Annual household income between R350,000 and R600,000
  • Accepted to study at either TVET College or public university for either under- or postgraduate studies.
  • Can apply in years 1, 2, 3 or 4.
  • Must sign a loan agreement if they qualify for a loan.

A completed Consent Form is a mandatory requirement for a loan application, to validate information from third parties.